Spain announces €300M in loans for climate innovation by pymes and startups

The Spanish government will provide €300 million in participative loans to small and medium-sized enterprises (pymes) and startups that develop innovative solutions against climate change, as announced on Wednesday by Minister of Industry and Tourism Jordi Hereu alongside Third Vice President and Minister for Ecological Transition Sara Aagesen. Source: lavanguardia

The announcement

The funding will be channeled through the Entrepreneurship and SME Fund (Fepyme), managed by Enisa, the state innovation agency that finances innovative pymes and certifies startups. Source: infobae Applications open immediately via the Enisa website under the “Innovación X clima” call. Source: lavanguardia

Key details

• The loans target pymes developing solutions for risk anticipation, climate resilience, and recovery from disasters. Source: elconfidencial
• The initiative includes a National Climate Innovation Platform to map innovators and connect projects. Source: lavanguardia
• President Pedro Sánchez highlighted the need to “produce cleaner and more efficiently” and to “adapt our productive fabric to the new climate reality.” Source: lavanguardia

Reactions

Hereu warned of the “enormous economic cost” of climate impacts and stressed that inaction would be costlier. Source: lavanguardia Vice President Aagesen echoed that “investment in action is much less than the cost of inaction” and called for stronger public-private collaboration. Sánchez, who could not attend the event due to visiting a wildfire in Guadalajara, noted that over 100,000 hectares have already burned this year.