Investment & Fund Management
The European Investment
Full Credential Description
The European Investment Fund (EIF) invested 25 million in the IB Deuda Impacto España fund, which focuses on financing Spanish companies engaged in high social impact areas such as rural development, inclusive labor markets, climate and environment, circular economy, sustainable agriculture, and gender equality. This investment is part of the Spanish Regional Resilience Fund, which aims to utilize NextGenerationEU loans to support environmental and social projects across Spain's autonomous communities.
IB Deuda Impacto España, managed by Impact Bridge Asset Management, is notable for being the first and only private debt impact fund dedicated to Spain, with a target volume of 150 million. The fund aims to finance 40 social and environmental projects, thereby enhancing access to finance for small and medium enterprises (SMEs) committed to sustainable practices. This investment is part of a broader strategy to provide alternative financing options for SMEs, promoting innovation, sustainability, and competitiveness.
The EIF's investment through the Alternative Lending Instrument for Sustainable Development is designed to expand financing avenues for SMEs, reinforcing social and territorial cohesion and gender equality, which are key pillars of the Spanish Recovery Plan. The initiative is supported by various stakeholders, including the Spanish Ministry of Economy, Trade and Enterprise, and aims to channel funds into impactful projects that address pressing social and environmental issues in Spain.