The Institut Valencià de Finances (IVF) has approved four new financing transactions with a total value of €1,787,000, benefiting companies that are developing new projects with a strong innovative component in the Valencian Community.
These transactions have been channelled through the two credit lines designed by the IVF for this sector, which are funded by resources from the Comunitat Valenciana FEDER Programme 2021–2027.
Specifically, through the Participative Loan line, two new transactions have been approved for a total amount of €387,000. The beneficiaries of these transactions are Batteryfly Smart Energy, a company operating in the electric automotive sector, and 4Rooms Worldwide, a Valencian company that has developed comprehensive management software for the services sector.
As highlighted by the managing director of the IVF, Enrique Montes, “through this financing line we offer loans ranging from €50,000 to €300,000, with maturities of up to seven years and generous grace periods, designed to support companies in their earliest stages.”
In this regard, Montes stressed that “our goal is to ensure that no viable idea fails to materialise or loses momentum due to a lack of resources. We want early-stage projects to have the opportunity to develop and become solid companies, which is why we offer flexible instruments that adapt to the real needs of entrepreneurs, so that talent and innovation are not held back by financial barriers.”
Support for business consolidation
In addition, the IVF also offers a Subordinated Loan line, aimed at innovative projects in development and expansion phases that are seeking to consolidate their market position. Through this product, loans ranging from €300,000 to €1 million are granted, with maturities of up to ten years and grace periods of up to three years.
At the latest meeting of the Technical Committee responsible for managing these FEDER resources, two new transactions of this type were approved for a total amount of €1,400,000. These financing operations will support Runup Business, a company that provides an innovative integrated service for household utilities such as water, electricity and gas, and Greene Enterprise, which is developing a project to build waste recovery plants.
The managing director of the IVF highlighted the specific case of the latter company, “which we have supported since its first steps, backing its early development and now also its consolidation phase, because our objective is to be present throughout the entire business growth cycle.”
Enrique Montes also emphasised the catalytic effect generated by the IVF’s participation in these transactions. “The injection of public funds helps to mobilise private investment, creating a multiplier effect that broadens the economic and social impact of the financed projects,” he noted.
“The aim is for every euro of public money to translate into more opportunities for innovative companies, skilled employment and improved competitiveness in emerging sectors,” Montes concluded
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