With EUR 65 million, the Indartu fund is already in place to finance transformative investments in the Basque Country
The Basque Government has created a new fund to co-finance with private investors projects that contribute to the transformation of the Basque Country's economy by 'strengthening'. By 2025 it will already have 65 million available.
The Director of Finance and Finance, Noël D'Anjou, presented the fund on Tuesday at a press conference following the Governing Council, at which Indartu, together with Finkatuz, will allocate most of the EUR 1 billion committed by the Basque Government within the framework of the Basque Financial Alliance (public-private plan for transformative investments in companies).
This 1 billion will be allocated through four instruments, one of which is the new Indartu fund, which will be launched this year with a contribution of 65 million from the Basque Government, as explained by the counsellor.
This amount, together with the additional indebtedness of 935 million included in the 2026 draft budget, will result in a round investment of 1 billion euros announced by the Lehendakari on 3 March for the development of the "Euskadi Eraldatzen 2030" project.
This fund is' a new way of operating in the public financial policy of the Basque Government, a modern and flexible instrument 'which aims to' mobilise both own and external resources towards transformative investments that promote the roots, growth and competitiveness of the Basque business fabric '.
The Fund will have four lines of action : the first is flexible debt for the transformation of companies, with longer maturities than usual; the second is the scalability of companies , which seek to grow companies, since the majority of Basque companies are SMEs.
The third, on future infrastructure , addresses competitiveness, digital and green transformations and social transition; and the fourth, on social transition, will support projects that promote the cohesion and well-being of the Basque Country, such as investment in cultural or decontamination industries.
The fund will be managed by the IVF, which, according to the counsellor, will ensure "efficient, agile and unduplicated management."
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