The M&A market in Spain has been very active over the last two years. There is a lot of cash around, but what is lacking are some good deals.
Spain is the country with the most SMEs chosen by the European Innovation Council, the European Commission’s financial and technical support tool, to receive up to 40 million euros in funding with the aim of supporting business growth via the development of innovative projects.
Despite the improvement in macro data over the last few years (GDP has risen by 13% and employment – Active Population Survey – 12.1% from its lows), the consequences of the crisis on the destruction of Spain’s businesses fabric still remain.
A recent report by Eurostat revealed that SMEs in Europe generate half of intra-European trade. These companies provide up to 249 jobs each and drive the economy.
In 2016, Spain was once again the European country which received the most funding from the European Investment Bank (EIB), for a total of 11.5 billion euros, in terms of investment per unit of GDP or, in other words, in relation to the size of its economy.