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Our operations largely concern providing loans and guarantees and investing in venture capital
The mission of the Institut Català de Finances (ICF) is to meet the financing and investment needs of the Catalan business and social community, a task we accomplish through our loans, guarantees and venture capital activities.
The ICF, therefore, does not give grants or finance individuals.
Our public development banking model adds to the private financial sector and provides long-term financing and promotes strategic projects for Catalonia such as the green transition, social housing, the primary sector or industry.
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Loans and guarantees
The ICF designs and offers Catalan companies and organisations a wide range of loans, guarantees and financial instruments:
- For entrepreneurs, the self-employed, SMEs, large companies and organisations in the public and private sectors alike.
- For almost all economic activity sectors.
- To unlock projects in reindustrialisation, the green transition, social housing, upgrading the primary sector, digitalisation and more.
- Over the medium and long term to make debt repayment easier.
The ICF teams up with Catalan government ministries to offer loans on advantageous terms to companies and organisations whose projects fit in with Catalonia’s transformation priorities.
Examples include our social housing promotion facilities with the Catalan Housing Agency in which the latter subsidises part of the financial cost so that developers can build social rental housing.
Likewise, we manage loans featuring preferential conditions due to co-financing from the EU’s European Regional Development Fund (ERDF) which seeks to drive sustainable economic growth and job creation.
We also provide loans backed by Avalis de Catalunya for guarantees for the self-employed and SMEs and financial guarantees for large companies or for significant amounts of money.
We additionally partner with the European Investment Fund (EIF) which channels guarantees with InvestEU funds and enables us to finance cultural, social economy and energy efficiency projects in any sector
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Venture capital
The ICF invests in innovation and tech firms with robust capacity for growth, consolidation and impact with the aim of fostering the development and competitiveness of the Catalan entrepreneurial ecosystem.
We target the tech, health, sustainability and industry sectors to help companies generate value, have a positive impact on our society and improve people’s lives.
The ICF’s venture capital business addresses two types of companies:
- Start-ups in the early stages of their development, where access to finance is crucial to achieve a sustainable business model that can grow and take root.
- More established companies that need funding to continue to grow, internationalise and attract more investment.