Our foundations support social enterprise in Spain

News - 16/02/2017

For the last two years, the Edmond de Rothschild Foundations and Unltd Spain have been building the CRECE program, which has already assisted Spanish 10 companies in their development. This year’s programme started in February. Watch the video.

Around the world, the Edmond de Rothschild Foundations are developing unique training and support programmes for entrepreneurs able to demonstrate a real impact on society. Edmond de Rothschild Group staff lend their precious support to this strategy, offering their skills and networking free of charge. One example of this is the two-year partnership with Unltd Spain on the CRECE program, which helps recipients throughout Spain to scale up their business. CRECE aims to tackle growth, sustainability and fundraising issues. The Unltd Spain foundation is a subsidiary of Unltd UK, whose resources come from national lottery profits in the United Kingdom.

“Since its creation in 2015, the program – which lasts around eight months – has already helped 10 Spanish companies progress in their development: five in 2015 and five in 2016. The 2017 program begins in February”
Antonio Salgado - CEO of Edmond de Rothschild in Spain



These socially innovative businesses receive specialist training and pro bono advice from partners of the Edmond de Rothschild Foundations, such as Bain, Latham & Watkins, and Cuatrecasas. Above all, though, they have the financial and strategic backing of staff at Edmond de Rothschild (Spain). Our Spanish bankers are very proud to work in close cooperation with the Rothschild family foundations in supporting entrepreneurs with whom they share the goal of transforming society and having a long-lasting impact.

“The Edmond de Rothschild Foundations, Unltd Spain and other Spanish foundations are also working to create a private equity fund that will provide additional equity and debt financing to these companies”, Mr Salgado added.

“The Edmond de Rothschild Foundations, Unltd Spain and other Spanish foundations are also working to create a private equity fund that will provide additional equity and debt financing to these companies”
Antonio Salgado