ICO Group strategy
Approved by the General Council
The ICO Group Strategy 2022-2027, approved by ICO’s Board on 25 November 2021, is aligned with the shift towards a more sustainable, digital model of growth in the Spanish economy, with greater capacity to create quality jobs. To complement the Strategy, ICO’s Board approved the Addendum to the ICO Group Strategy 2022-2027. The Addendum incorporates new initiatives arising from the new macroeconomic environment characterised by economic growth, as well as from the management of European Next Generation funds, which ICO was tasked with deploying in the second phase of the Recovery Plan.
ICO responds effectively to the needs of Spanish businesses and helps drive the recovery, transformation and strengthening of Spain’s production model, in line with the priorities set out in the Recovery, Transformation and Resilience Plan, the Next Generation EU programme and the European Union’s 2021-2027 Multiannual Financial Framework.
España Crece
The España Crece programme will sustain the investment momentum generated by the Recovery, Transformation and Resilience Plan and permanently strengthen ICO’s financial capacity. España Crece operates under Order ECM/728/2026 of 13 July, which approves the programme’s Investment Strategy and sets out general guidelines for its implementation by the Instituto de Crédito Oficial. The programme is being rolled out with a capital injection from the European Next Generation programme. This will enable financing to be mobilised through public-private collaboration for strategic areas of the Spanish economy, including affordable housing, the growth of SMEs, the transformation of the productive sector, the energy transition and sustainable infrastructure.
The España Crece Investment Strategy, which sets out the financial instruments, areas of activity and eligible beneficiaries, was approved by ICO’s General Board at its July meeting.