Luxembourg – Banking and investment services – Call for Expression of Interest to select financial intermediaries that will receive resources from the “Intermediated instrument for urban development and sustainable tourism” funded with resources from the Spanish National Recovery and Resilience Plan to implement a financial instrument in the Kingdom of Spain

On 13 July 2021, the EU economy and finance ministers approved the assessment of Spain's National Recovery and Resilience Plan (“NRRP”) adopting the Council implementing decision under the Recovery and Resilience Facility (RRF). On 6 June 2023, the Spanish Council of Ministers approved the Addendum to the NRRP (“NRRP Addendum”), to allow the use of the repayable financial support component, for an amount of up to EUR 83bn. The NRRP Addendum was approved by the European Council on 16 October 2023 after proposal by the European Commission. Kingdom of Spain (“KoS”) acting as managing authority, has decided to dedicate resources from the NRRP, as amended by the NRRP Addendum, for the implementation of a fund of funds (“FoF”) focused on financing urban development and sustainable tourism managed by the EIB, in accordance with the provisions of an Instrument Agreement signed between the KoS and the EIB on 18 June 2024 (“Instrument Agreement”). This Call for Expression of Interest (“CEOI”) is addressed to eligible financial intermediaries, complying with the criteria indicated in the following sections, able to originate and manage financial instruments (which may have the form of loans, equity and quasi equity investments) and being interested in receiving resources from the FoF. Such activities shall be carried out in accordance with the agreement(s) (“Operational Agreement(s)”) to be entered into by the EIB, acting as manager of the FoF, and the Selected Applicants. The funds shall be transferred from the FoF to the Selected Applicants for the period of time and purpose defined in the Operational Agreements.