The European Investment Bank (ElB) invested €11 billion in Spain in 2025, alongside an additional €2.9 billion in NextGenerationEU loans, the bank said in a statement. The figure accounted for some 14 percent of total Group investment worldwide. “The EIB Group activity in 2025 shows that it was a record-breaking year for Spain,” said EIB Group President Nadia Calviño. “Wherever you see flagship projects with a positive impact on the lives of Spanish people, you’ll find the EU flag and the support of the European Investment Bank.”
Investment in innovation reached a record €2.8 billion, thanks in part to the launch of TechEU, the EIB Group’s largest program to fund technological innovation in the European Union. The Group is Spain’s largest financier of innovation, supporting projects from large companies to disruptive startups. A record €1.9 billion went to electricity grids and storage systems—in 2025, one out of every two euros invested in these networks in Spain came from EIB financing. The funds supported projects to digitalize grids, install smart meters, repair flood damage from 2024, and strengthen grid connections with the rest of Europe.
The scope of security and defence investments expanded, with €500 million for Spain’s security and defence industry. This record figure places Spain among the EU countries receiving the most EIB Group financing in this area. Support for affordable and sustainable housing remains a priority—in the last two years, this financing has doubled compared to the previous period, with nearly €2 billion in 2024-2025 to build 11,000 new homes.
Support for SMEs and mid-cap companies rose by 55 percent from the previous year, reaching €4.2 billion—due in large part to the EIF’s rapid roll-out of NextGenerationEU loans under the Regional Resilience Fund. Spain became the country receiving the most funding for women entrepreneurs, with €620 million. Investment to promote the transition to more sustainable means of transport rose 50 percent from 2024, reaching €1.5 billion, financing projects like the Málaga metro extension and the Burgos-Vitoria high-speed rail line.
Working with the Spanish Ministry of Economy, Trade and Enterprise, the Autonomous Communities, financial intermediaries, and the venture capital ecosystem, the EIB Group channeled €2.9 billion of NextGenerationEU loans to the Spanish economy in 2025, accelerating implementation of the Regional Resilience Fund through direct lending and intermediated financial instruments managed by the EIB and EIF.
