COFIDES has announced an investment of up to 5 million euros in the capital increase of tuTECHÔ, with the aim of acquiring and promoting social rental housing intended to eradicate homelessness in España.
This operation, channeled through the Social Impact Fund (FIS)This positions the public-private entity as the anchor investor in a funding round expected to reach a total of €10 million. The capital injection will bolster the growth of tuTECHÔ, The first SOCIMI social listed in the BME Growth, specializing in providing housing solutions for groups in situations of extreme vulnerability.
Impact on the social housing stock and territorial cohesion
The capital increase will allow the company to expand its portfolio of social housing assets, working closely with NGOs that support people in their journey toward independence. A key aspect of this growth phase is the expansion into secondary urban areas and, especially, into rural areas affected by depopulation , where the lack of housing is a critical obstacle to retaining residents.
With the addition of nearly 100 new homes, the model will directly impact approximately 400 additional people. Currently, the ecosystem of tuTECHÔ It already collaborates with more than 85 social entities and facilitates the path to stability for more than 3.000 citizens.
| Investment Concept | Details and Figures |
|---|---|
| Maximum investment of COFIDES (FIS) | 5.000.000 € |
| Expected amount from other investors | 5.000.000 € |
| Total Capital Increase | 10.000.000 € |
| New housing planned | Approximately 100 units |
| Estimated direct impact | 400 additional people |
Public-private collaboration and institutional support
This is the second collaboration between the two entities. Previously, COFIDES y Impact Bridge They granted a loan of 3,5 million euros to the SOCIMI. By Ángela Pérez, President and CEO of COFIDES, FIS It allows capital to be mobilized towards initiatives that generate a "lasting social impact" and directly combat exclusion.
For its part, Elena Rodríguez, general secretary of Ministerio de InclusiónHe emphasized that mobilizing vacant housing in rural areas is a government priority. Along these lines, Blanca Hernández, president and founder of tuTECHÔHe stated: "This operation is a tangible example of the power of public-private partnerships to address one of our country's major problems."
About the Social Impact Fund (FIS)
El FIS, attached to Ministerio de Inclusión, Seguridad Social y Migraciones, forms part of the addendum of Recovery, Transformation and Resilience Plan (PRTR), funded with funds NextGenerationEU. Its main features include:
- Total allocation of 400 million euros to strengthen the impact ecosystem in Spain.
- Specific line of Social Impact Housing endowed with 40 million euros.
- Focus on vulnerable groups: young people, single-parent families, migrants and elderly people with low pensions.
- Promotion of rental models, transfers and other innovative housing formulas.
Key points and frequently asked questions about investing in tuTECHÔ
What is tuTECHÔ and what is its function?
It's the first SOCIMI social listed in the BME Growth en SpainTheir model involves acquiring homes to offer social housing through NGOproviding a decent home to people in vulnerable situations or experiencing homelessness.
What is COFIDES' role in this operation?
COFIDES acts as anchor investor, contributing 5 million euros through the Social Impact Fund (FIS)This encourages the participation of other private investors to complete a total expansion of 10 million.
What will the newly raised funds be used for?
The funds will be used to acquire approximately 100 additional homes, extending its activity to both urban environments and depopulated rural areas to benefit approximately 400 more people.
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