Established in July 2020, this fund served as an extraordinary last-resort mechanism to provide temporary public support to viable strategic companies severely impacted by the COVID-19 crisis. Its primary objective was to ensure business continuity, safeguard key sectors, and protect employment.
The aid provided has been instrumental in maintaining the viability of numerous companies, contributing to the preservation of over 60,000 jobs at the time of its approval. Currently, the supported companies collectively employ more than 69,000 individuals, reflecting the recovery of their business activity post-pandemic.
Since the end of the temporary framework in July 2022, eleven of the 28 companies that received public funding have fully settled their loans. These include Ávoris, Eurodivisas, Wamos, Rugui Steel, Ferroatlántica, Soho, Hesperia, Hotusa, Air Europa, Técnicas Reunidas, and Grupo Mediterránea. The remaining operations are proceeding with their repayment schedules, aiming for the complete recovery of all public financing granted.
The FASEE's annual accounts for the 2025 fiscal year, published by the General Intervention of the State, detail the management results. Ordinary management income, primarily generated from interest on active loans, amounted to 127.4 million euros.
Expenses incurred by the fund for its operations, including external financial and legal consultancy services, totaled 6.9 million euros, yielding a net positive ordinary management result of 120.5 million euros. In line with a prudent approach, provisions maintained from previous years were increased, with an additional 260 million euros allocated in 2025. The total accumulated amount for these provisions now stands at 424.8 million euros.
