US Edition
Spain Launches 120 Billion Euro Fund to Address Housing Shortage and Boost Tech
The sovereign fund aims to build 15,000 affordable homes annually by mobilizing €23 billion from public and private sources to address a 700,000-home deficit, officials said.
- On Monday, Prime Minister Pedro Sánchez presented the España Crece sovereign fund at the Colegio Oficial de Arquitectos de Madrid to mobilise 23 billion euros and launch a broader 120 billion euros investment plan.
- Rising rents and tourism pressures have contributed to a housing shortfall, with Bank of Spain data pointing to a 700,000-home deficit between 2021 and 2025.
- Financing combines a public and private split with the Instituto de Crédito Oficial , Spain's state promotional bank, expecting 14 billion public financing and 9 billion private investment.
- Officials say the fund will start operations in the second quarter of 2026, allocating resources to housing, energy, artificial intelligence and digitalisation while recycling unused EU pandemic recovery resources expiring later this year.
- Stakeholders urged transparent, 'highly qualified and professionalised' governance and more social housing investment after the launch was postponed due to the Adamuz train accident, while the Partido Popular called it 'smoke and mirrors and propaganda' and questioned execution.
38 Articles
38 Articles
The instrument will start its operations in the second quarter of this year and will honor rents at low prices with loan cuts for construction companiesSánchez announces that the Spain Grow fund will mobilize 23 billion to build 15,000 homes a year The President of the Government, Pedro Sánchez, carried out this Monday the start of Spain Grows, the new instrument around the Official Credit Institute (ICO) with which the Executive wants to mainta…
Spanish government pledges €23bn to tackle housing shortage
The Spanish government has unveiled a major new public investment vehicle designed to tackle the national housing shortage and stimulate long-term economic growth, with an initial focus on affordable housing. Prime Minister Pedro Sánchez announced the creation of a sovereign wealth fund named España Crece (Spain Grows), pledging that it will mobilise up to €23 billion in public and private… Source
‘Spain grows’ is born with a public capital contribution of 10.5 billion and aims to mobilize 120 billion
InsideNoVA.com
Spain unveils public investment fund to tackle housing crisis
Spanish Prime Minister Pedro Sanchez on Monday presented a new public investment fund that he said would raise 120 billion euros ($142 billion) and help tackle the country's persistent housing crisis.
The president of the government, Pedro Sánchez, has announced the mobilization of 23 billion with the objective of building about 15,000 homes a year in Spain, an initiative that will be articulated around the impulse of the sovereign fund 'Spain Grows'. The objective goes through closing the housing deficit through public and private funds. "We have to build more public and affordable housing. The lack of financing cannot be another bottleneck,…
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