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SMEs & Freelancers

SMEs Capture Only 5% of Funds for Defence Modernisation

The government injects €1.4 billion into 15 new defence PEMs, but SMEs capture only 5% of the funds, according to the CEO of Integrasys.

Marta Uriarte Elizondo
Marta Uriarte Elizondo
· 1 min read
AIImagen ilustrativa: documento de contratos de defensa con gráficos financieros desenfocados
Imagen ilustrativa: documento de contratos de defensa con gráficos financieros desenfocados

The government has injected over €1.4 billion into 15 new Special Modernisation Programs (PEM) for defence, but SMEs barely receive 5% of these funds, according to the CEO of Integrasys.

The Spanish Government has announced an injection of over €1.4 billion to launch a new batch of 15 Special Modernisation Programs (PEM), which add to the 35 currently underway to boost the defence sector. According to eleconomista.es, this measure has reopened the debate on what type of companies truly benefit from these funds and whether they contribute to strengthening the industrial fabric that supports innovation in defence.

Álvaro Sánchez, CEO of Integrasys, a Spanish company specialising in satellite communications and networks that works with the US Space Force, the Ukrainian Government, NATO, and various European and international defence ministries, believes that the PEMs

Marta Uriarte Elizondo

Written by

Marta Uriarte Elizondo

Redactora

Graduada en ADE por la Autónoma y emprendedora frustrada (dos veces). Coleccionista de pitch decks, cafetera y optimista pese a las estadísticas; en Diario Empresas firma las pymes y las startups.

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