The Social Impact Fund (FIS) is a public financial instrument managed by COFIDES that aims to support impact investment in Spain and strengthen the social entrepreneurship ecosystem.

Social Impact Fund logo

It aims to respond to social and environmental challenges such as territorial and social integration, the reduction of inequalities or the consolidation of the welfare state, among others. FIS aims to create an impact with additionality by using financial instruments adapted to the unique reality of the social economy to attract private resources for impact investment.

400 million euros through the Recovery, Transformation and Resilience Plan (RRTP) from 2024. The time from which proposals may be received will be made public.

The Fund will be valid indefinitely, so that the returns obtained from the investments financed will be reinvested in new operations in line with the strategy and objectives of the Fund, in order to continue supporting the challenges associated with the sustainable transformation of the Spanish productive model.

This fund is not yet active, pending approval of the regulatory framework, which is expected in the third quarter of 2024.

Information will be provided on the opening of the deadline for submission of proposals.