Within the framework of the Euskadi Eraldatuz 2030 Plan, the new EZTEN II fund has been launched, managed by SPRI Taldea. This financial instrument is designed to support small and medium-sized industrial enterprises (SMEs) in the Basque Country, preparing them for an increasingly demanding global environment.
The fund's investments will be directed towards multi-sectoral industries aligned with the strategic sectors of the Euskadi 2030 Industrial Plan and towards already established industrial SMEs. Through this new tool, the Government aims to reinforce its commitment to traditional industry, supporting transformative projects and assisting companies in their modernization, sustainability, diversification, and growth processes.
Furthermore, the fund will play a significant role in business succession operations, promoting the continuity of viable industrial companies, particularly family-owned ones. This will contribute to industrial rootedness, employment, and the productive knowledge of the Basque Country. It will also facilitate diversification of activities, expanding into products, markets, and higher value-added segments, fostering innovation and the adoption of new technologies.
The first growth operation with the company Walter Pack has been highlighted. Founded in 1992 in Igorre (Bizkaia) and with a production presence in Mexico, it specializes in developing and manufacturing decorative and functional plastic parts using IMD, IME, and IMF technologies for the automotive, medical, industrial, and white goods sectors. It employs over 450 people and expects to double its current sales to exceed €100 million by 2029.
To finance this growth, Walter Pack has successfully completed a funding round led by private investors (Stellum Growth), with participation from public venture capital funds, including a €1.5 million contribution from EZTEN II FCR and €1 million from Seed Capital Bizkaia.
The EZTEN II fund strengthens the Euskadi Eraldatuz 2030 plan, a strategic investment plan with €1 billion in public capital. Initiatives such as Hazten Scale Up, launched this year to boost the growth of industrial startups and emerging sectors, and the Scalability Program are also mentioned.
