COFIDES commits all of the FOCO and FIS funds and mobilizes more than 8.600 billion in productive investment

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Recovery Plan Funds

The state-owned company COFIDES has successfully completed the investment phase of the FOCO and FIS funds, committing the full €2.400 billion allocated by the Recovery Plan. This management has enabled the mobilization of over €8.600 billion across 65 strategic projects for Spain's economic and social transformation.

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The public-private company COFIDES has completed, within the planned timeframe, the investment phase of Co-investment Fund (FOCO) and the Social Impact Fund (FIS)These two instruments, framed within the Plan de Recuperación, Transformación y Resiliencia (PRTR), have committed their entire allocation of 2.400 billion euros, catalyzing a total investment of over 8.600 billion euros in strategic sectors for the Spanish economy.

Since early 2025, COFIDES It took on the challenge of placing both funds before July 31, 2026, a goal successfully achieved. The management has achieved a remarkable multiplier effect, as more than [number missing] have been added to the public endowment. 6.200 billion euros contributed by third-party investorsIn total, 65 operations have been formalized in technological, industrial and green transition projects with high potential for growth and innovation.

FOCUS: More than 7.600 billion to attract international investment

El Co-investment Fund (FOCO)The fund, endowed with 2.000 billion euros, was designed to attract international investment to strategic projects in EspañaThrough this vehicle, COFIDES has participated in 26 operations which, together, have mobilized a total investment of 7.680 billion euros. These funds have been crucial for the modernization of the country's productive sector.

The funded projects cover cutting-edge areas such as artificial intelligence , quantum computing , business digitalization, and the aerospace industry. Key sectors for the energy transition have also been supported, including renewable energy, green hydrogen, green steel, sustainable fuels, and the circular economy.

FIS: 930 million for projects with social and environmental impact

In turn, the Social Impact Fund (FIS) It had a budget of 400 million euros to promote investments with a positive, measurable, and sustainable social and environmental impact. Through 39 operationsThis fund has managed to mobilize nearly 930 million euros destined for initiatives of great social impact in España.

Thanks to FIS, COFIDES It has contributed to improving access to affordable housing, fostering financial inclusion, promoting inclusive employment, and strengthening healthcare. It has also supported the social economy and accelerated innovative solutions to address the country's main social and environmental challenges.

Key figures for the FOCO and FIS funds

Background	Endowment (PRTR)	Operations	Total Investment Mobilized
Co-investment Fund (FOCO)	€2.000 million	26	€7.680 million
Social Impact Fund (FIS)	€400 million	39	€930 million
TOTAL	€2.400 million	65	> €8.600 million

Institutional assessment: a boost for competitiveness

For the president and CEO of COFIDES, Ángela PérezThe culmination of this investment phase represents a key milestone: "In COFIDES We are very pleased to have contributed to the promotion of strategic projects and sectors for the economic and social transformation of EspañaThe completion of this investment phase demonstrates the company's ability to rigorously and effectively manage complex and highly relevant financial instruments..

Pérez added that "Through this process, we have strengthened our capabilities, expanded our knowledge of key sectors, and consolidated a broad network of collaboration with investors and companies. This experience allows us to face new challenges from a stronger position and continue to drive, together with the private sector, growth, competitiveness, and sustainable development." España».

COFIDES It is a state-owned commercial company whose shareholders, in addition to the State, include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell y CAF-Banco de Desarrollo de América Latina.