Sociedad Regional de Promocion del Principado de Asturias

What Sociedad Regional de Promocion del Principado de Asturias does

Sociedad Regional de Promoción del Principado de Asturias, S.A. (SRP) is a public-private company established on 8 March 1984 by Decreto 19/1984 to act as the regional venture capital and economic-promotion entity of the Principado de Asturias. It is majority-owned (62.47%) by the Principado de Asturias, with political rights exercised through the Asturian Agency for Science, Business Competitiveness and Innovation (Sekuens), and has a share capital of €66,547,338.48. Its minority shareholders include financial and industrial partners such as Unicaja Banco (29.33%), EDP España (2.72%), Masaveu Industria (1.29%), Caja Rural de Asturias (1.16%) and Banco de Sabadell (1.02%). SRP operates exclusively in the Asturias region, deploying two financial instruments: (i) minority and temporary equity participation (always under 50%, typically held 5–7 years) with pre-agreed exit terms, and (ii) subordinated participatory loans combining a fixed interest rate with a variable component tied to company performance. Both instruments are designed to strengthen portfolio companies' balance sheets and unlock additional external financing.

The organization is staffed by a lean 11-person cross-disciplinary team of economists, engineers and lawyers, with a CEO limit of €300,000 per act and an administrative director limit of €40,000 per act. Its go-to-market is direct and relationship-driven: companies submit a five-year business plan via the website, an SRP analyst performs the investment analysis, and the Board then proposes and formalizes the investment. SRP co-distributes within the regional ecosystem alongside Sekuens, CEEI, ASTUREX, ASTURGAR, the Cluster TIC de Asturias and Oviedo Emprende, and participates in financing cycles targeted at Asturian startups and established companies (investment tickets seen include €150,000 to Bluco Brands Distribution in 2025, and over €21 million to 59 Gijón projects over the past decade). Its monetization is two-tiered: capital gains on equity divestments and recurring interest from participatory loans, with credibility-signaling to third parties (customers, suppliers, lenders) as an explicit functional benefit for portfolio companies. SRP reports no proprietary technology product, software platform, AI/ML capability, or patent portfolio; its competitive position rests on regulatory mandate, government backing, ecosystem integration and 40+ years of operating history spanning 300+ projects.

Name

Sociedad Regional de Promocion del Principado de Asturias

Legal name

Sociedad Regional de Promoción del Principado de Asturias, S.A.

Website

https://srp.es

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Public-private regional venture capital entity established in 1984, majority-owned by the Principado de Asturias, providing minority equity participation and participatory loans to startups and established SMEs in Asturias, Spain.

Ownership category

akta.pro rank

Product category

Regional Venture Capital

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro industry

PRIMARYFSANAGAL

Managed Account / SMA Multi-Manager Platforms

Financial & Insurance/Private Equity & Venture Capital/Fund-of-Funds / Multi-Manager Platforms

Keywords

• Venture capital
• Equity participation
• Participatory loans
• Regional development financing
• Business financing

Headquarters

HQ city

Llanera

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Equity Participation (Participación en capital social): SRP takes a minority (always under 50%) and temporary (generally 5–7 years) equity stake in Asturian companies. SRP's shares are preferential rate. Upon exit, SRP and promoters sign a purchase and sale commitment for equity at a pre-agreed date, price-fixing form, and payment method. This generates return through capital gains upon equity divestment.
2. Participatory Loans (Préstamos participativos): SRP extends subordinated participatory loans with a fixed interest rate plus a variable rate linked to company performance. No opening, study, or early redemption commissions. Enforceability is subordinated to all other creditors. These loans are considered accounting equity for capital reduction and winding-up purposes. Annual audits and periodic company reporting are required.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Sociedad Regional de Promoción del Principado de Asturias (SRP) is a public-private venture capital entity that finances Asturian companies through two core instruments: (1) minority and temporary equity participation in the share capital of companies (always under 50% ownership, typically held for 5-7 years), and (2) subordinated participatory loans with fixed plus variable interest rates tied to company performance. SRP also provides strategic advisory and guidance to entrepreneurs and established companies, leveraging over 40 years of operational experience and participation in more than 300 projects.

Product overview

Sociedad Regional de Promoción del Principado de Asturias (SRP) is a public-private company that operates in the venture capital market as an economic promotion organism since 1984. SRP offers two core financial instruments: (1) minority and temporary participation in share capital of companies, and (2) participatory loans (préstamos participativos). The organization provides financing support and strategic guidance to Asturian companies of any size, from newly created startups to established enterprises, focusing on projects that contribute to regional development, technology-based companies, innovative projects, and internationalization initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• Financiación mediante participación en capital social (Equity Participation Financing)
• Préstamos participativos (Participatory Loans)
• Apoyo y orientación empresarial (Business Advisory and Guidance)

Quantifiable outcome

• Over 300 projects supported since inception in 1984
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and major.

• Sekuens – Agencia de Ciencia, Competitividad Empresarial e Innovación del Principado de AsturiascoreStrategic or Co-development PartnerSekuens (formerly IDEPA) is the Asturian innovation and competitiveness agency through which the Principado de Asturias exercises its political rights as majority shareholder of SRP. SRP's headquarters are co-located with Sekuens at Edificio Sekuens in the Parque Tecnológico de Asturias. Sekuens is a key counterpart in SRP's ecosystem.
• CEEI – Centro Europeo de Empresas e Innovación del Principado de AsturiasmajorStrategic or Co-development PartnerCEEI Asturias is a business incubator and innovation center that collaborates with SRP in supporting Asturian companies and entrepreneurs, particularly in the early-stage and startup ecosystem.
• ASTUREX – Sociedad de Promoción Exterior del Principado de Asturias, S.A.majorStrategic or Co-development PartnerASTUREX is the regional export promotion agency that collaborates with SRP in supporting the internationalization of Asturian companies, as indicated in the project evaluation data sharing disclosures.
• ASTURGAR – Sociedad de Garantía Recíproca de Asturias, S.G.R.majorStrategic or Co-development PartnerASTURGAR is the mutual guarantee society for Asturias that collaborates with SRP by sharing data on companies seeking financing and providing complementary guarantee instruments for Asturian SMEs.
• Cluster TIC de AsturiasmajorStrategic or Co-development PartnerThe Asturian ICT Cluster collaborates with SRP in organizing financing cycles for companies and entrepreneurs, particularly in the technology sector, as demonstrated by the joint 'Financiación para empresas' cycle organized with Oviedo Emprende.
• Oviedo EmprendemajorStrategic or Co-development PartnerOviedo Emprende is a local entrepreneurship support program with which SRP collaborates to present financing alternatives to businesses and entrepreneurs in the Oviedo area.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• ICO (Instituto de Crédito Oficial): Spain's national promotional bank providing credit, guarantees, and co-investment alongside regional entities; relevant as a larger incumbent that SRP partners with or whose programs overlap in SME financing.
• CDTI (Centro para el Desarrollo Tecnológico Industrial): Spanish public entity funding innovative technology-based companies through loans and equity; complements SRP's technology-based company segment and is a potential co-financier of the same portfolio.
• ENISA (Empresa Nacional de Innovación, S.A.): Spanish national public company providing participatory loans to SMEs and entrepreneurs; comparable instrument (préstamo participativo) and target segment, operating nationwide rather than regionally.

Direct peers

• Instituto Aragonés de Fomento (IAF): Aragonese regional development entity providing financing and equity support to SMEs in Aragón; another Spanish regional development finance peer with overlapping mandate and instrument set.
• IVACE (Instituto Valenciano de Competitividad Empresarial): Valencian regional agency channeling public and private financing to local SMEs, including equity and participative instruments, comparable in role and product set to SRP within a different Spanish region.
• INFO (Instituto de Fomento de la Región de Murcia): Murcia's regional development agency providing financing and equity to regional SMEs; structurally similar role to SRP, offering an additional peer benchmark among Spanish regional development vehicles.
• SODENA (Sociedad de Desarrollo de Navarra): Publicly-owned regional development finance company of Navarra providing minority equity and subordinated financing to Navarrese SMEs, structurally identical to SRP's mandate and instrument mix but operating in a neighboring Spanish region.
• IDEA Andalucía (Agencia de Innovación y Desarrollo de Andalucía): Andalusian regional development agency providing equity and loan financing to Andalusian SMEs and entrepreneurs; comparable in mandate, instrument set, and public ownership to SRP.
• XesGalicia (Xunta de Galicia): Galician regional public-private venture capital vehicle providing minority equity and loans to Galician SMEs; close structural analog to SRP with the same regional development mandate.
• SPRI (Sociedad para la Transformación Competitiva, Basque Country): Basque regional development agency providing financing, equity, and participative loans to Basque SMEs and startups; same public-private model, same financial instruments, but in a stronger industrial region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/playlist?list=PL1dmPu0GhM4PJ8RHQ2BrvlyqCCdlobwpn
• Xx.com/SRPAsturias
• Facebookfacebook.com/SRPAsturias

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments24 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sociedad Regional de Promocion del Principado de Asturias