The backing of the Social Impact Fund, managed by COFIDES, to the GSIF Spain fund, will serve to strengthen small and medium-sized enterprises committed to social inclusion.
The Social Impact Fund (FIS), managed by COFIDES, has recently invested 15 million euros in GSIF Spain, a fund focused on small and medium-sized Spanish companies that are transforming the economy with a clear mission: to grow by generating opportunities for those who need them most.
Because not all SMEs are the same. Some focus on transforming their environment and demonstrate that it is possible to grow by including, innovating from the margins and generating shared value. GSIF Spain is dedicated precisely to identifying them, accompanying them and helping them to scale in order to multiply their impact.
This fund, managed by Global Social Impact Investments (GSI), has a clear mission: to invest in companies that are not only profitable, but also generate opportunities for groups traditionally forgotten by the labour market. People with disabilities, young people with no previous experience, migrants, women in vulnerable situations, the long-term unemployed...
The entry of the FIS into GSIF Spain means recognising that social impact can no longer be a footnote on the economic agenda. As Raúl Sánchez, director of impact investments at COFIDES, explained in this article published in the specialised media Impact Investor, more than 60% of impact funds in Spain are focused on climate change. Investing in GSIF Spain allows COFIDES to balance the scales and focus on urgent social challenges.
In practice, this investment means that, thanks to this partnership, more impact SMEs will be able to grow. More inclusive jobs will be created. More essential services tailored to vulnerable people will be delivered. New opportunities will emerge in rural areas, disadvantaged environments or traditionally ignored sectors.
GSIF Spain has already demonstrated that this model works. To date, it has directly benefited more than 4,000 people belonging to vulnerable groups and has provided more than 50 million inclusive products or services throughout Spain. All this from a business logic: investing in profitable, well-managed companies with high potential for sustainable growth.
That is why this investment matters. Because it shows that there is another way of doing things. That social is not an expense, but an opportunity. That profitability and purpose are not opposites, but two forces that, when combined, can move mountains.
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