Business · Companies · 5 hrs ago
Basque government approves €100 million guaranteed loan scheme for businesses
The Basque government approved the Indartuz loan programme on 13 October for businesses and self-employed people in Euskadi.
It is designed to help them fund projects that improve their competitiveness, including business growth, digitalisation and lower-emission production.
The programme is part of the region’s Euskadi Eraldatuz 2030 strategy and a wider plan to mobilise €1 billion for modernisation and growth.
The first call will offer €100 million, with the possibility of expanding it depending on demand and available budgets.
Eligible companies can borrow €200,000 to €2 million, while self-employed borrowers can access €50,000 to €250,000.
Loans will be guaranteed by Elkargi and backed by the Basque administration, with terms of up to 10 years and no fees or extra costs.
The scheme aims to make strategic investment more affordable, including in advanced technology, energy efficiency and international expansion.
The government says the programme will operate with Elkargi and participating financial institutions, but gives no date for applications to open.
The Basque government approved a guaranteed loan scheme with an initial allocation of €100 million for businesses and self-employed workers.
Eligible companies can borrow €200,000 to €2 million, while self-employed workers can borrow €50,000 to €250,000.
The loans are intended to fund projects that support business growth, international expansion, advanced technology and more sustainable production.
Elkargi will guarantee the loans, and the government will cover its annual guarantee fee.
Loans can run for up to 10 years, with up to two years of optional repayment deferral.
- Who
- The Basque government approved the scheme, in collaboration with Elkargi and participating financial institutions. It is open to eligible businesses and self-employed workers in Euskadi.
- What
- A guaranteed loan scheme called Indartuz, with an initial allocation of €100 million.
- When
- 13 October 2026.
- Where
- The Basque Country, Spain.
- Why
- To finance strategic projects that support business transformation and competitiveness, including growth, internationalisation, digitalisation and decarbonisation.
This story does not have two clearly opposing sides.
The Basque government approved the decree establishing the Indartuz guaranteed financing line.
The government announced an initial allocation of €100 million for the first call.
- Initial allocation
- €100 million
- Company loan range
- €200,000 to €2 million
- Self-employed loan range
- €50,000 to €250,000
- Maximum term
- 10 years, with up to two years of optional repayment deferral
- Interest rate cap
- Six-month Euribor plus a maximum margin of 0.75%
What people are saying
The projects eligible for financing include actions to increase production capacity, establish new business lines, promote internationalisation or encourage industrial relocation.
The aim is to facilitate financing that enables businesses to grow, strengthen their international presence, incorporate advanced technologies and move towards more sustainable production models.
Sources
El Gobierno vasco lanza una línea de préstamos de hasta dos millones para empresas y de 250.00 euros para autónomos
El Gobierno vasco lanza un plan de avales para empresas de hasta 350 millones
El Gobierno Vasco activa la línea de financiación garantizada Indartuz para movilizar financiación destinada a la transformación del tejido empresarial vasco (Consejo de Gobierno 13-10-2026) - Gobierno Vasco
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