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Basque Government Launches €15.9 Billion Industrial Strategy to Drive Regional Reindustrialization

It earmarks €3.9 billion in public funds to unlock €12 billion in private investment through twenty transformative public-private projects.

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Overview

  • The strategy allocates a total of €15.9 billion through 2030 to reactivate key industries including automotive, advanced manufacturing, energy and metallurgy.
  • Public resources of €3.9 billion are designated to activate €12 billion in private investment, underlining a public-private collaboration approach.
  • It outlines twenty transformative projects to establish a foundation for high-quality employment opportunities in the region.
  • In launching the plan, President Imanol Pradales called for Euskadi to adopt an offensive stance in the European reindustrialization effort.
  • The government expects the initiative to bolster economic resilience in the face of global uncertainties and secure Euskadi’s role in Europe’s industrial revival.