Updated: December 2018
- Total financing under the European Fund for Strategic Investments (EFSI) in Spain amounts to €8 billion and is set to trigger €46.2 billion in additional investments
Infrastructure and innovation projects
- 83 approved projects financed by the European Investment Bank (EIB) with EFSI backing
- approximately €6.8 billion in total investment
Small and medium enterprises (SMEs)
- 27 approved agreements with intermediary banks financed by European Investment Fund (EIF) with EFSI backing
- €1.258 million in total financing
- set to trigger approximately €1.5 billion in investments with some 146,999 SMEs and mid-cap companies expected to benefit from improved access to finance
Examples of EFSI-backed projects in Spain
The EIB loan of €110 million will enable Spanish company Sener Ingeniería y Sistemas to improve its research and development facilities in Bilbao and Madrid, with a focus on the renewable energy sector and solar and wave power management. Sener, which has experience providing engineering systems to customers such as the European Space Agency and NASA, will also develop new satellites, space propulsion systems and earth observation instruments thanks to the new financing.
- EFSI-backed financing: €30 million
- set to trigger total investment: €60 million
The EIB is lending €30 million under the Investment Plan to Empresa Municipal de Transportes (EMT) of Palma de Mallorca to replace the company’s existing urban buses (all diesel and mostly over 14 years old) with new cleaner vehicles powered by compressed natural gas (CNG). As a result, Palma de Mallorca’s urban buses will start being replaced in 2018 with new, more modern, safer, more comfortable and less polluting vehicles. The loan will also finance the construction of a new CNG refuelling station and the upgrading of EMT’s IT, fleet management and ticketing systems.
- EFSI-backed financing: €40 million
- set to trigger total investment: €80 million
The EIB is lending €40 million under the Investment Plan to build 524 affordable social housing units in Navarra, creating 700 jobs in the construction phase. These will be Nearly Zero Energy Buildings (NZEB), i.e. buildings with very low energy consumption owing to their design and the materials used in their construction. The units built under the project will consume up to 75% less energy than conventional housing, with heating costs 90% lower than for buildings that are 30 years old or more. Average costs for the efficient new units will be €75 a year compared to €785 a year for an older building.
- EFSI-backed financing: €200 million
- set to trigger total investment: €500 million
The EIB is lending Grifols €200 million in total under the Investment Plan to support the company’s research, development and innovation (RDI) initiatives focused on investigating new treatments for plasma-derived protein therapies to treat rare and chronic diseases such as Alzheimer's disease, liver cirrhosis, diabetes and cystic fibrosis.
Exovite is an SME which has developed an innovative method for treating broken bones and musculoskeletal diseases. The system uses the latest technologies to produce light, durable ergonomic splints for the affected limb. Using innovative software on the patient’s smart-phone, doctors are able to monitor progress remotely, without the need for frequent visits to the clinic. As demand from hospitals for this treatment grew, Exovite needed investment to scale up. The company's founder secured a loan guaranteed by CERSA, as well as EIF thanks to the Investment Plan for Europe. Exovite has won numerous international awards for its innovation and it continues to grow.