The facilities will allow the biotechnology company to triple its production capacity and meet its growth expectations. ICF Eurocrèdit loans offer advantageous conditions for Catalan SMEs thanks to co-financing from the European Union.
Vytrus Biotech has obtained an ICF Eurocrèdit loan of 2 million euros from the Institut Català de Finances (ICF) to set up a new production plant in Terrassa.
The project, with an estimated total investment of 3.5 million euros, is part of the biotechnology company's new strategic plan to meet its growth expectations for the coming years. It is anticipated that, with the new facilities, Vytrus Biotech will triple its production capacity.
ICF Eurocrèdit loans offer advantageous conditions for Catalan SMEs that wish to boost investments, open new markets, and develop innovative projects thanks to co-financing from the European Union through the European Regional Development Fund (ERDF).
