Bilbao, 27 May 2025 – The Basque Finance Institute (IVF), a public entity attached to the Department of Economy and Finance of the Basque Government, and CIE Automotive have today signed a €20 million loan agreement, aimed at promoting innovation, sustainability, and industrial growth in the Basque Country.
This new financial operation follows a previous loan of the same amount formalised in 2024, bringing the total support to €40 million to back the implementation of CIE Automotive’s 2024–2025 investment plan in the region.
The financing will enable CIE Automotive to move forward with the modernisation of its production facilities, the adoption of new technologies, the improvement of energy efficiency, and the strengthening of its competitiveness, reaffirming its commitment to the region’s economic development. With a strong presence in the Basque Country, CIE Automotive currently operates 15 industrial plants and one R&D centre, employing 1,840 people directly and working with a network of over 1,700 local suppliers, which reinforces its role as a strategic industrial benchmark within the Basque economic ecosystem.
The IVF’s financial support is part of the Basque Government’s strategy to support the industrial sector in its technological and sustainable transformation, through repayable financial instruments offered under market conditions.
