The President of the Government, Pedro Sánchez, announced this Monday at the second edition of the Invest in Spain Summit the provisional allocation of more than €500 million to 18 projects under the second call of the Industrial Decarbonization PERTE. He also announced the creation of the Strategic Investments Committee and the launch of the Spain Grows Sovereign Fund, which is backed by the Plan de Recuperación, Transformación y Resiliencia and aims to mobilize up to €120 billion to support the green transition, digitalization, housing, and the pharmaceutical sector.
The announcement took place at the Teatro Real in Madrid, before executives from more than 75 multinationals across 25 countries, at a forum organized by ICEX España Exportación e Inversiones. Joining the president were First Vice President and Minister of Economy, Trade and Business Carlos Cuerpo, as well as Minister of Industry and Tourism Jordi Hereu and Minister for Digital Transformation and Public Service Óscar López.
The second call of the Industrial Decarbonization PERTE, managed by the Ministry of Industry and Tourism through Sepides, will distribute more than €500 million among 18 projects. This is a provisional resolution of a call announced at the Congreso Nacional de Industria last February, reinforcing the Government’s commitment to the green transformation of Spain’s industrial base.
This allocation is part of a broader strategy that has positioned Spain, as the president noted, as the world’s second country in clean energy and electric mobility projects, a European leader in green hydrogen (hosting one in four EU projects), and a participant in seven strategic projects under the first call for critical raw materials. Investment in the electricity grid plan is expected to increase by 62%.
“If you want to invest in fossil fuels, knock on another door. In Spain, the door is green,” Sánchez told international investors.
The Spain Grows Sovereign Fund is presented as the State’s major new financial instrument to channel investment into strategic sectors. It aims to mobilize up to €120 billion, focusing on four main pillars:
At the same time, the Government is creating the Strategic Investments Committee, a new body designed to accelerate the processing and development of large investment projects. The initiative responds to a recurring demand from international investors—predictability and administrative efficiency—and seeks to strengthen Spain’s position as a top destination for foreign capital.
The figures support this momentum: Spain is the fourth-largest global destination for foreign direct investment and the leading one in Europe, with a 15% increase over the past year while other major economies have declined. The stock of foreign investment has been growing for a decade, supports nearly two million jobs, and accounts for around 10% of total employment—equivalent to manufacturing and double that of construction. In the last quarter of 2025, investment contributed nearly half of economic growth.
These three measures are framed within a broader narrative that Sánchez described as positioning Spain as a “safe haven” in a highly volatile and uncertain global environment. Three key arguments underpin this view:
During the event, Carlos Cuerpo emphasized that Spain is prepared to tackle the major challenges of this generation: energy transition, European reindustrialization, digital infrastructure, supply chain security, and the integration of AI into the productive economy.
Before the event, Sánchez held bilateral meetings with Andrew DeLeone of Alstom and Jaume Sariol of Dow to discuss their companies’ strategies in Spain.
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