COFIDES and Bolsa Social have signed a collaboration agreement to promote access to financing from the Social Impact Fund (FIS) among impact-driven companies and social entities in Spain.
This partnership aims to help the FIS expand its reach and presence across the Spanish economic fabric committed to generating positive and measurable social and environmental impact. Through Bolsa Social, the FIS will be promoted among companies and organizations active in areas such as social inclusion, education, the green transition, sustainable construction, and rural revitalization, among others.
The agreement sets out a mechanism for collaboration between Bolsa Social and COFIDES to identify projects from impact enterprises and organizations seeking financing between €1 million and €5 million that may be eligible for FIS support.
Bolsa Social is a pioneering entity in the field of impact investing in Spain. It was the first impact investment platform authorized by the CNMV (Spain’s financial regulator) and has closed over 50 investments in social impact companies over the past 10 years.
Ángela Pérez, Chairwoman and CEO of COFIDES, stated:
“This agreement brings in Bolsa Social—an entity with a well-established presence in Spain’s impact ecosystem—to reinforce our ongoing efforts to ensure that FIS resources reach as many mission-driven companies and organizations as possible. This will amplify the fund’s overall impact and support a more inclusive and sustainable society.”
“With this alliance, we aim to help the FIS expand its reach across Spain’s impact ecosystem—specifically to the companies tackling social and environmental challenges through sustainable, profitable, scalable, and replicable business models,” said José Moncada, founder of Bolsa Social. “We want to ensure that public financing reaches those who need it most—quickly, rigorously, and with close support.”
About the Social Impact Fund (FIS)
The FIS is a fund created by the Spanish Government under the addendum to the Recovery, Transformation, and Resilience Plan (PRTR), backed by NextGenerationEU resources. It is overseen by the Ministry of Inclusion, Social Security, and Migration, and serves as a public financial instrument aimed at strengthening Spain’s impact ecosystem by supporting investment projects from companies and organizations that generate positive, measurable social and/or environmental outcomes.
The fund is endowed with €400 million and provides financial support to projects that are both financially sustainable and address underserved social or environmental challenges—while also encouraging the mobilization of additional private capital.
About Bolsa Social
Bolsa Social is an impact investment ecosystem combining equity and debt financing to build a robust financial market that supports purpose-driven businesses. It was the first participatory financing platform authorized by the CNMV in Spain and, since 2015, has connected investors—retail, professional, and institutional—with projects that generate positive impact.
To date, it has channeled more than €14 million into 52 impact-focused companies and organizations operating in sectors such as inclusion, sustainability, education, and health. Its investor community includes over 12,000 individuals committed to building a fairer and more transformative economy. Learn more at www.bolsasocial.com.
About COFIDES
COFIDES is a state-owned company that manages Spanish state financial instruments, along with its own resources and those of third-party institutions. It supports a range of objectives including the internationalization of the Spanish economy, attracting foreign investment to strategic sectors in Spain, fostering the domestic impact economy, and contributing to development in countries where it invests. In addition to the Spanish State, shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF—Development Bank of Latin America.
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