SEPIDES

What SEPIDES does

SEPIDES (Sociedad Estatal de Promoción Industrial y Desarrollo Empresarial, Entidad Pública Empresarial) is a wholly state-owned Spanish public business entity that operates as the implementing arm of the Ministry of Industry and Tourism for national industrial policy. Attached to SEPI under Ley 5/1996, it functions as a multi-product public financing and industrial real estate platform with three operating pillars: (1) the FAIIP fund (Fondo de Apoyo a la Inversión Industrial Productiva), which provides loans, grants, and co-investment to productive industrial projects; (2) PERTE strategic programmes (Vehículo Eléctrico y Conectado, Descarbonización Industrial) and the CVI programme (Cadena de Valor Industrial), which channel Next Generation EU recovery funds to Spanish industry; and (3) industrial real estate development through wholly-owned subsidiaries (PEPA in Asturias, ABRA in Bizkaia, PEC in Cantabria, VIPAR, AGRUMINSA) and the 50/50 joint venture Espais Econòmics Empresarials (EEE) with the Generalitat Valenciana, which manages Parc Sagunt I and II.

Cumulatively, SEPIDES has supported 138 industrial projects, conceded €1,316M in financing, generated 5,085 jobs, and mobilised €2,805M in total investment. Programme-level activity includes €2,900M awarded across four PERTE VEC calls to 350+ companies, €500M+ in the second PERTE Descarbonización call to 18 projects, €128.8M to 107 CVI projects, and €449M mobilised by FAIIP in 2025 alone. Its real estate portfolio includes the Volkswagen/PowerCo gigafactory land parcel (1.3M m², €63.66M) and the Alveston ITG logistics parcel (381,804 m², €64.9M) at Parc Sagunt II, plus 200,000+ m² at PEPA and 795,000 m² at ABRA. Underlying technology is administrative (ENS-certified at MEDIA level per RD 311/2022); there are no proprietary software products or AI capabilities.

The business model is non-commercial: SEPIDES is funded by public budgets, allocates capital through competitive EU-compliant public calls evaluated on eligibility and strategic merit, and earns no commercial revenue from its financing programmes. Its "customers" are Spanish industrial companies (SMEs to multinationals) receiving grants, subsidised loans, or co-investment, alongside industrial land buyers/lessees at Parc Sagunt, PEPA, and ABRA. Distribution is conducted through the Ministry's official aid portal, SEPIDES' own website, regional delegations (Asturias, Cantabria, País Vasco, Valencia, Madrid), and subsidiaries, with all transactions published in the BOE and government transparency portals.

Name

SEPIDES

Legal name

SOCIEDAD ESTATAL DE PROMOCIÓN INDUSTRIAL Y DESARROLLO EMPRESARIAL, ENTIDAD PÚBLICA EMPRESARIAL (SEPIDES)

Website

https://sepides.es

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

SEPIDES is a Spanish state-owned public business entity that administers industrial financing funds (FAIIP, PERTE programmes, CVI) on behalf of the Ministry of Industry and Tourism and develops industrial parks including Parc Sagunt II and PEPA for Spanish industrial companies.

Ownership category

akta.pro rank

Product category

Government Development Finance / Public Industrial Financing

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Investment Activities (5239), Finance and Insurance (52)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Development Finance, Guarantees & Blended Finance Programs (BPADABAM)

akta.pro secondary industries

Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ), Export Credit Agencies (ECAs) & Trade Finance Institutions (BPADACAF)

Keywords

• Public industrial financing
• Industrial development funds
• Venture capital investment
• Industrial real estate parks
• EU recovery program management

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure

Revenue model

1. Public fund management and administration: SEPIDES generates no commercial revenue in the traditional sense. As an Entidad Pública Empresarial (EPE), it operates through public funds allocated by the Ministry of Industria y Turismo, including the FAIIP fund, EU PRTR/MRR funds (Next Generation EU), and national PERTE programme allocations. It channels these funds as grants, loans, and co-investment into Spanish industrial companies. Administrative costs are covered by public budgets. The organization does not sell products or services commercially.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

SEPIDES is a Spanish state-owned public business entity (Entidad Pública Empresarial) that manages public industrial financing funds, including the FAIIP productive industrial investment fund, PERTE strategic programmes for electric vehicles and industrial decarbonization, and the CVI industrial value chain programme. It channels EU Next Generation funds and national budgets as grants, subsidized loans, and co-investment into Spanish industrial companies, and concurrently develops industrial real estate through subsidiaries and joint ventures (Parc Sagunt, PEPA, ABRA).

Product overview

SEPIDES (Sociedad Estatal de Promoción Industrial y Desarrollo Empresarial) is a Spanish state-owned enterprise (Entidad Pública Empresarial) that operates as a multi-product platform for industrial promotion and development. Its portfolio consists of three main pillars: (1) FAIIP, a public industrial investment fund providing direct financing to companies; (2) PERTE programs (Vehicle Electric & Connected, Industrial Decarbonization) and the CVI program, which SEPIDES manages on behalf of the Ministry of Industry and Tourism to distribute EU recovery funds; and (3) a real estate portfolio of industrial business parks (Parc Sagunt I/II, PEPA, ABRA) managed directly or through subsidiaries like Espais Econòmics Empresarials. Additionally, SEPIDES manages venture capital funds (Germina, Consolida) and the REINICIA+FAIIP DANA mechanism for disaster recovery. SEPIDES acts as the operational arm of the Ministry of Industry and Tourism for implementing structural industrial policy in Spain.

Differentiator

Problem solved

Functional benefit

Products and services

• FAIIP (Fondo de Apoyo a la Inversión Industrial Productiva) Public financing fund managed by SEPIDES that provides loans and financial support to Spanish industrial sector companies, regardless of size, to promote productive industrial investment. Applications are evaluated through competitive public calls.
• PERTE del Vehículo Eléctrico y Conectado (PERTE VEC) Strategic project for the recovery and transformation of the electric and connected vehicle sector, managed by SEPIDES on behalf of the Ministry of Industry and Tourism, providing grants and financing for battery production and EV value chain development.
• PERTE de Descarbonización Industrial Strategic project for the decarbonization of the manufacturing industry, managed by SEPIDES, providing grants for emissions reduction and transition to sustainable production processes across Lines 1 and 4.
• Programa de Impulso de la Cadena de Valor Industrial (CVI-SEPIDES) Public aid programme to strengthen Spanish industry competitiveness by supporting innovation, sustainability, energy efficiency, and digitalization projects across industrial value chains.
• Parc Sagunt I y II (Industrial and Logistics Business Parks) Major industrial and logistics business parks in Sagunto, Valencia, managed by Espais Econòmics Empresarials (EEE), with over 5 million square meters of gross development area, including the Volkswagen gigafactory plot.
• Parque Empresarial Principado de Asturias (PEPA) Industrial business park in Avilés, Asturias, developed by SEPIDES including the Baterías de Cok regeneration project, offering over 200,000 m² of land for industrial and logistics use.
• Mecanismo REINICIA + FAIIP DANA Specific financing mechanism managed by SEPIDES to support industrial recovery projects in areas affected by DANA (high-altitude isolated depression) weather events.
• Fondo Consolida Venture capital fund managed by SEPIDES to provide growth capital to Spanish industrial companies.
• Fondo Germina Venture capital fund managed by SEPIDES to support innovative industrial projects and startups in Spain.
• Fondos SAADSS Public funds managed by SEPIDES for direct financing support to industrial enterprises.
• ABRA Parque Empresarial Industrial business park in Abanto-Ciérvana, Bizkaia (Basque Country), spanning 795,000 m², developed on formerly degraded mining land to promote economic and environmental regeneration.

Quantifiable outcome

• 138 projects supported, 1,316 M€ financed, 5,085 jobs generated, 2.8B€ total investment mobilised (across all programmes)
• +4 more outcomes

Named customers22 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Ministry of Industry and Tourism — second call of PERTE Descarbonización Industrial Line 4coreStrategic or Co-development Partner · 9 November 2025The Ministry of Industry and Tourism launched a second call of Line 4 of the Industrial Decarbonisation PERTE with €100M available, with SEPIDES designated as the managing entity. This programme promotes cleaner and more efficient manufacturing facilities for decarbonisation and economic transformation.
• Sociedad Española de Participaciones Industriales (SEPI)coreOthersSEPI is the parent public entity to which SEPIDES is legally attached under Article 10.4 of Ley 5/1996. SEPI exercises governance and oversight functions over SEPIDES as part of the state holding group. SEPIDES and SEPI share facilities at Calle Velázquez 134 Bis, Madrid, and jointly manage some complex ( Campos Velázquez and Edificio Villa de Madrid) as joint data controllers under RGPD.
• Generalitat ValencianacoreStrategic or Co-development PartnerThe Generalitat Valenciana co-owns Espais Econòmics Empresarials (EEE) at 50% alongside SEPIDES, jointly developing Parc Sagunt I and II — one of the largest industrial parks in Europe. EEE manages the urbanisation, commercialisation, and sale of industrial land at Parc Sagunt II, including the Volkswagen gigafactory plot and logistics land sales.
• Ministerio de Industria y TurismocoreStrategic or Co-development PartnerThe Ministry of Industry and Tourism exercises functional tutelage over SEPIDES and designates it as the implementing entity for Spain's principal industrial policy instruments: FAIIP, PERTE VEC (all sections), PERTE Descarbonización Industrial (Lines 1 and 4), and the CVI programme. The Ministry sets programme parameters and budgets; SEPIDES manages calls, evaluations, and disbursements.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Instituto de Crédito Oficial (ICO): Spain's state-owned financial institution providing credit and financing to companies and entrepreneurs. Direct domestic peer to SEPIDES, with overlapping mandate in industrial and SME financing, and frequently a co-financier on PERTE programmes.
• CDTI (Centro para el Desarrollo Tecnológico e Industrial): Spanish public entity under the Ministry of Science and Innovation that funds R&D and innovation projects for Spanish companies. Direct peer in the industrial-policy ecosystem, often complementing or competing with SEPIDES on technology-intensive industrial financing.
• COFIDES: Spanish state-owned development finance company managing FIEM and FONPRODE funds for internationalisation and development. Direct peer as a blended-finance vehicle, though oriented more toward internationalisation than SEPIDES's domestic industrial mandate.
• ENISA: Spanish public company financing SME creation, growth and consolidation through participative loans. Domestic peer with overlapping SME-industrial mandate, particularly relevant given SEPIDES's SME segment via FAIIP.

Broad incumbents

• KfW Group: Germany's state-owned development and promotional bank, the closest international analogue to SEPIDES at a larger scale. Comparable as a national industrial-policy intermediary channeling public funds, including blended EU instruments, into industrial investment.
• Bpifrance: France's public investment bank financing SMEs, mid-caps and innovation. Comparable scale and mandate — public financing, equity, guarantees and innovation support — making it the closest European cross-border analogue to SEPIDES's industrial promotion role.
• Cassa Depositi e Prestiti (CDP): Italy's state-owned financial institution funding public infrastructure, industrial transformation and green transition. International peer with comparable mandate combining industrial financing and state-holding functions.
• European Investment Bank (EIB): EU-level long-term lending institution owned by EU member states. Indirect peer as a co-financier and source of EU-backed instruments that flow through SEPIDES's programmes (PERTE co-funding).
• IFC (International Finance Corporation): World Bank Group's private-sector development finance arm, the canonical 'IFC-type' blended finance vehicle. Comparable institutional archetype — public capital mobilising private co-investment into productive industry — operating at global scale versus SEPIDES's Spain focus.

Regional players

• Instituto Valenciano de Competitividad Empresarial (IVACE): Valencia regional government's industrial competitiveness agency, co-owner with SEPIDES of EEE/Parc Sagunt. Direct regional peer and partner in joint Parc Sagunt commercialisation, illustrating how SEPIDES operates with overlapping regional entities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sepides.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments6 records

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

Frequently asked questions about SEPIDES