ICO Green Funds - INVEST EU

This programme will channel ICO funding of up to €150 million into sustainable infrastructure investments across Spain and other Member States

A very important part of the EU's 2021-2027 EU budget and the Recovery Plan for Europe is the InvestEU guarantee programme, with a strong focus on sustainable infrastructure The InvestEU Programme provides a European Union budget guarantee to Implementing Partner accredited entities to increase their risk-bearing capacity and thereby help mobilise public and private investment for EU policy priorities.

In February 2023, the ICO and the European Commission signed an agreement under the InvestEU guarantee programme for up to €75 million. This guarantee package will help channel ICO funding of up to €150 million towards investments in sustainable infrastructure and its industrial ecosystem across Spain and other Member States. This public investment is expected to mobilise at least an additional €150 million from the private sector, so that the public-private partnership scheme could reach €300 million in investment for sustainable projects.

With this agreement, the ICO became a managing partner of InvestEU. The ICO will use this guarantee agreement to mobilise investments in infrastructure projects that enhance the green transition. To this end, within the framework of the Green Deal, the InvestEU guarantee will support ICO investments in investment funds that boost the market for energy, sustainable transport, environment and water, digital and social infrastructure projects. These investments will help the EU to achieve its broader strategic objectives of ensuring the double green and digital transition.

The ICO will channel resources through venture capital/private equity funds that invest in Sustainable Infrastructure projects and their industrial ecosystem selected in an open competitive process.

FIRST CALL FOR THE SELECTION OF FUNDS IS OPEN:

Note (14 June 2023): In relation to these "Bases for the selection of up to three closed-end collective investment management companies hereinafter "Management Companies" or "Management Company" for investment by the ICO through the InvestEU Programme", this corrected version has been published on 14 June 2023, as some error detected in the table located between pages 67-74 in its initial publication on 2 June 2023 has been corrected. The publication of this corrected version does NOT imply any modification to the deadlines initially foreseen.

Consult the terms and conditions of the call and selection criteria *

Annex III - Questionnaire *

Annex VI - Model Affidavit *

*These documents are only available in Spanish

The InvestEU programme will provide the EU with crucial long-term funding by mobilising substantial private and public funds to support a sustainable recovery. It will also help mobilise private investment for EU policy priorities such as the European Green Pact and the digital transition. The InvestEU Programme brings together under one roof a multitude of EU financial instruments available to support investment in the EU, making the financing of investment projects in Europe simpler, more efficient and flexible.

The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund will be implemented through Implementing Partners (IPs) who will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will support IPs' investment projects, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investments.

ICO Green Funds - INVEST EU

Up to €150 millionin different equity funds
Targetsustainable infrastructures and their industrial ecosystem
€50 million maximumper fund

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