The social development bank for Europe

Supporting social cohesion in the Autonomous Community of Madrid

  • Approval date

    15 June 2018

  • Borrower

    Comunidad Autonoma de Madrid

  • Country

    Spain

  • Loan size

    € 200 000 000

  • Line of action

    Sustainable and inclusive growth

  • Status

    In progress

Public sector Financing Facility to part-finance public budgetary expenses on social care programmes, specifically expenditure related to the provision of goods and services: to the elderly for the maintenance and upgrade of care homes, day centres and apartments as well as home support services; to mentally and/or physically disabled persons: for the maintenance and upgrade of residential care centres and day centres, specialised assistance and activities improving the quality of life and integration; to social canteens providing meal services to homeless persons and to provide support to victims of gender violence through awareness programmes, assistance and temporary accommodation. Final beneficiaries will be vulnerable people such as the elderly, people with mental and/or physical disabilities, homeless persons and victims of gender violence.