The Basque Government will create the Indartu investment fund with 400 million
In addition, the Finkatuz Public Investment Fund will update its statutes in order to make the criteria for participation in enterprises more flexible, for example, it will not be necessary for the company to have its headquarters in the Basque Country, and it will suffice for it to have a 'territorial impact'.
Through the "Euskadi Eraldatzen 2030" initiative, the Basque Government will create two new financial instruments, the Indartu Fund, which will be endowed with 400 million euros and two venture capital funds (100 million), with the aim of advancing the economic transformation of the Basque Country.\u00A0\A0\To which must be added the existing Basque Institute of Finance.
In the field of investment, the Basque Government explained this morning the details of what will be its new road map. The event, held at the Bilbao Stock Exchange, was attended by, among others, the President, Imanol Pradales; the Director of Finance and Finance, Noël d'Anjou; the Counsellor of Industry, Energy Transition and Sustainability, Mikel Jauregi; and the Director General of the Basque Institute of Finance.
The Finance Adviser has explained the plan, with which the Government intends to promote and accelerate its transformation, placing the Basque Country at the forefront of reindustrialization. "It is time to act with vision and determination," he added.
The Basque Financial Alliance will allocate the money to four major financial instruments based on the roots, transformation, new industries and emerging sectors of companies.
In order to allocate the resources of the Alliance, four instruments are proposed: the Basque Institute of Finance (150 million euros), Finkatuz (350 million euros), the Indartu Fund (400 million), and venture capital funds (100 million).
The public investment fund Finkatuz will update its statutes in order to make the criteria for participation in companies more flexible, for example, it will not be a requirement for the company to have its headquarters in the Basque Country, and it will suffice for it to have an "impact" on the territory.
The Indartu Fund has been created for direct and indirect investment in Transformative Projects .
Finally, the fourth instrument will be venture capital funds (EUR 100 million) so that companies of any size have tools for transformation, access to finance and support in each case.
You might like
Papresa workers have started stoppages in anticipation that they can sell the company and in the face of a possible application of an ERE
The ERE could affect 110 workers out of 250 in the company.
The workers of Reunited Tubes are on strike, coinciding with the meeting between the committees and the management
Workers at the Amurrio plant called stops for 17, 23 and 26 February and 4 and 9 March. The LAB and ESK unions at the Trapagaran plant have also called stops for the same days.
The first ship to reach Europe since Trump took control of Venezuelan oil is in the port of Bilbao
It's been a month and six days since the current CEO of Repsol , Josu Jon Imaz, entered the White House with representatives of other oil companies to relaunch the Venezuelan oil industry , the first Caribbean oil tanker since Trump took control of that industry has arrived in the last few hours in Bilbao.
Last year the Labour Inspectorate detected irregularities in 60% of the activities carried out in the Basque Country in connection with working hours
According to the data provided, the Labour Inspectorate of the Basque Country carried out 20,191 interventions last year, in which 1862 offences were detected - EUR 10.4 million - and 26,959 revised contracts, of which 1,788 were converted into indefinite and full-time contracts.
Euskadi wants to touch the sky in aeronautics: it will invest 110 million in a project that will create 800 jobs
ITP Aero izango da buru of the proposal buru, eta beste 12 enpresa hartu dute alde.
What do the doctors ask?
Medical unions demand their own Statutory Framework on the grounds that their profession has characteristics that distinguish them from the other professions in the health sector.
The Spanish Government will sign an increase in the minimum wage. What will the new SMI be?
Once the agreement is signed, the Royal Decree is expected to be passed this Tuesday, with an increase of 3.1%.
It will be news: medical strike, airport transfer and yellow warning for rain
A summary of what will be news today, in two words.
Tamara Yagüe (Confebask): "Industry can approach recession at certain times; the coming months will be key."
Arantza Ruiz has interviewed the president of Confebask in ETB's "12 Minutes" program. Yagüe has stressed that growth is not constant in all sectors and has said that it is appropriate to be cautious in terms of industry, as the coming months will be decisive.
Doctors start their first week of strike in favor of a Statutory Framework on Monday
The Spanish Minister of Health, Monica García, has on several occasions refused to create such a written rule for doctors.