The Governing Council of the Regional Government of Castilla y León has approved a grant of €7 million to the venture capital company ADE Capital Sodical to finance viable business projects that promote the use of endogenous resources and activities linked to their value chain, as well as to maintain and increase business activity in Castilla y León. This grant will enable business investments of €40 million and support the creation of over 825 jobs.
With this approval, since the launch of the program in 2021, total grants have reached €33.7 million, generating €158.4 million in induced investment and 2,369 associated jobs.
The aim of the program is to finance investment and working capital needs of viable business projects that help stimulate the use of the region’s endogenous resources, as well as to maintain and strengthen industrial capacity and job creation through equity participation in companies or the granting of participative loans during the 2025–2028 period.
Beneficiary companies and entrepreneurs must carry out their investments in workplaces located within the region, related to the utilization of endogenous resources — which may be physical, environmental, cultural, human, economic, or financial, or linked to the habitat — and in sectors such as agriculture and livestock, mineral and energy resources, forestry, logistics, tourism, waste recovery, and all other activities and services within their value chain. Activities that contribute to increasing Castilla y León’s industrial capacity may also be financed.
ADE Capital Sodical offers participative loans ranging from €90,000 to €3,000,000, with a maximum term of 10 years and a grace period of up to 3 years. If a participative loan is converted into equity, the capitalized amount may not exceed 49% of the resulting shareholding in the company.
The firm may also take direct equity stakes in companies, with amounts between €90,000 and €3 million, for a maximum term of 10 years and a maximum participation of 49% of the capital.
The Second Industrial Promotion Master Plan of Castilla y León sets out measures to foster the sustainable and balanced economic development of the region, modernize its production model, enhance competitiveness, and ensure adequate industrial financing — with special focus on SMEs — while supporting the development of economically or demographically disadvantaged areas and promoting the use of the region’s endogenous resources.
The Sectoral Habitat Plan of Castilla y León is structured around six main pillars, each with specific challenges, particularly emphasizing the use and enhancement of endogenous resources, as well as the industrialization of the sector. The objective is to transform the industrial landscape through research, innovation, and the establishment of industrial developments deeply rooted in local resources, while launching new activities that add value to the regional heritage and create new employment opportunities.
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