Global Trade Alert
Global Trade Alert

Spain: Government provides EUR 53.8 million financial grant Inobat under PERTE VEC III

Announcement

08 Sep 2025

In September 2025, the Ministry of Industry and Tourism awarded Inobat a EUR 53.8 million financial grant under PERTE VEC III to establish a battery gigafactory in Valladolid.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

08 Sep 2025

Revocation date:

No revocation date

Updated: 11 Sep 2025
Financial grant In force

Recent update from 11 Sep 2025:

On 8 September 2025, the Ministry of Industry and Tourism of Spain awarded Inobat a EUR 53.8 million grant (USD 63 million) to establish an electric vehicle battery gigafactory in Valladolid. This ...

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