Overview
- The fund launches with €10.5 billion from Spain’s Recovery, Transformation and Resilience Plan.
- The Instituto de Crédito Oficial will serve as the investment vehicle, co-investing with private partners.
- The government plans to raise additional financing via private debt and domestic as well as international investors.
- Priority targets include housing, energy, digitalization, artificial intelligence, reindustrialization, circular economy, infrastructure, water and sanitation, and security.
- A Committee of Strategic Investments has held its first meeting, and Sánchez and Economy Minister Carlos Cuerpo will outline operational details on Monday.