NEWS
The Government of Navarre presents two funds to anchor the business fabric to the territory and favour its development
23 / 03 / 2022
Sodena has mobilised 30 million euros for this purpose, with a contribution of 7.5 million euros to each of the funds, which will be managed by the firms Nazca Capital and Stellum.
The Regional Minister for Economic and Business Development of the Government of Navarre and President of Sodena, Mikel Irujo, together with the Director of Sodena, Pilar Irigoien and the representatives of Nazca Capital, Carlos Pérez de Jáuregui, and Stellum, Pablo Baroja, presented this Friday two ‘Arraigo Funds’ which will have a minimum of 30 million euros to anchor and promote the growth of Navarre’s business fabric.
The creation of these private equity funds, and public-private management, form part of the programme agreement for the current legislature of the Government of Navarre. Its main objective is to promote the development of companies based in the territory that have a sustainable and competitive advantage in the market. Specifically, they aim to support medium-sized and large companies in Navarre that have undertaken or intend to undertake significant and sustainable organic or inorganic growth processes. “We are convinced that these ‘Arraigo Funds’ will contribute to supporting our tractor companies with growth potential and will increase the attractiveness of Navarre as a destination for new investments. In fact, there are a total of 319 companies in our territory that could form part of the objective mass of these funds”, said Irujo at the presentation of the two funds.
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