The Regional Ministry of Economy and Finance has guaranteed, through the Financial Platform of the Institute for Business Competitiveness (ICE), a credit of 645,000 euros to help finance the project for the development of artificial intelligence applications in Cerealto's biscuit manufacturing lines.

The regional government's support for this project is important to reinforce the company's commitment to R&D&I given the great economic impact it has for the activity in Castilla y León and its demographic outlook.

The Regional Government of Castilla y León boosts Cerealto's business development with the financing of 645,000 euros to contribute to the development of its R&D Strategic Plan. This operation, launched by the Regional Ministry of Economy and Finance through the ICE Financial Platform, is developed through Iberaval.

Cerealto Siro's R&D Strategic Plan has among its objectives the experimental development of sensorisation instruments and the provision of artificial intelligence technologies in the company's biscuit product manufacturing lines.

The 645,000 euro loan is backed by a 100% guarantee from Iberaval, which in turn is backed by the ICE through the Financial Guarantee Instrument for R&D Projects and Innovative Companies, co-financed by the ERDF.

Por otra parte, el ICE, a través del Instrumento Financiero, otorga garantías para avalar operaciones de crédito ante entidades financieras, para financiar los proyectos de I+D y los planes de negocio de las empresas innovadoras y de base tecnológica de la Comunidad.