• The agreement will be valid for 3 years and was signed today by the president of CEPES, Juan Antonio Pedreño, and by Ibon Urgoiti, director of Business Development at LABORAL Kutxa.
• LABORAL Kutxa and CEPES have collaborated since 2016 in the management of actions aimed at facilitating financing for Social Economy companies and also promoting their growth and promotion, co-financing part of the technical assistance provided by CEPES as Intermediate Organization of the European Social Fund.
Madrid, December 4, 2020.‑ LABORAL Kutxa renews its commitment with the Spanish Business Confederation of the Social Economy (CEPES) to promote the creation and consolidation of Social Economy companies through the signing of an agreement signed today between both entities . The agreement has been initialed by the Director of Business Development of LABORAL Kutxa, Ibon Urgoiti , and by the President of CEPES, Juan Antonio Pedreño .
LABORAL Kutxa and CEPES have collaborated since 2016 in the management of actions aimed, on the one hand, to facilitate financing to Social Economy companies and, on the other hand, to promote their growth and promotion by co-financing part of the technical assistance of CEPES as an Intermediate Organization of the European Social Fund.
With a validity of three years (2020-2023), this agreement is applicable to the more than 43,000 Social Economy companies existing in Spain and also to the Beneficiary Entities of CEPES, as Intermediate Organization of the European Social Fund (ESF) in the framework of the Operational Program for Social Inclusion and Social Economy (POISES).
CEPES is currently in the process of evaluating the applications received from the last Call for aid published last September for the period 2020-2023, for a value of 19.2 million euros . The first call, with 12.3 million euros, aims to increase the number of Social Economy companies, promote collective entrepreneurship, improve competitiveness, as well as apply measures to mitigate the effect of the crisis caused by covid-19 . The second, with 6.9 million euros, aims to increase the number of Social Economy entities and companies that work for the integration of people with disabilities or at risk of social exclusion, improve their competitiveness and structures, as well as alleviate the effect of the crisis generated by covid-19.
Both entities share the principles and values of the Social Economy and their vision of job creation to collaborate in promoting the social economy as a lever to achieve a better future.
Pedreño underscored “LABORAL KUTXA's commitment to the Social Economy and to CEPES in particular, since at this time financial support is of relevant importance to support companies and mitigate the effects of COVID, and on the other hand, the commitment of LABORAL KUTXA in the Operational Program that we manage is extremely important, since with its commitment the creation and consolidation of Social Economy companies is being guaranteed ”.
For its part, Ibon Urgoiti, highlighted the commitment of the credit cooperative to promote the social sphere: “With this new line of financing we ratify once again our commitment to a different bank, which accompanies the companies that make a society possible. fairer and more cohesive ”.
About CEPES
The Spanish Business Confederation of the Social Economy (CEPES) is the highest representative institution of the Social Economy in Spain, establishing itself as a platform for institutional dialogue with public powers. Its 28 partners represent the interests of more than 43,192 companies, representing 12.5% of employment and with a turnover of around 10% of theGDP. Its partners, with more than 200 regional structures, are national or regional organizations and business groups, representing the interests of Cooperatives, Labor Societies, Mutual Societies, Insertion Companies, Special Employment Centers, Associations of the disability sector and Fishermen's Guilds .
About LABORAL Kutxa
LABORAL Kutxa is MONDRAGON CORPORACIÓN's credit cooperative. It carries out its financial activity providing products and services to more than 1,100,000 families and companies. Its network of offices has more than 300 points of sale located in the main population centers of the northern half of the State.
LABORAL Kutxa's business model is based on wage solidarity and the participation of workers in management, since they are, in turn, owners of the entity. The closing data for 2019 presents a balanced balance sheet, with 23,590 million managed resources and 13,826 million of loan investments, where the high levels of solvency stand out, with a Core Capital (Tier1) of 20.17%, and a consolidated net profit after tax amounting to 137.7 million euros.
More information available at www.laboralkutxa.com
