Despite the difficulties our country has recently experienced, Spain remains one of the best investment destinations.
In terms of its annual Gross Domestic Product (GDP), Spain is the thirteenth largest economy in the world and one of the markets with the best conditions and advantages for investment for both foreigners and Spaniards.
Castilla-La Mancha offers the best location for your business thanks to a wide range of industrial sites and a wide range of incentives.
The Institute of Foreign Promotion of Castilla-La Mancha analyzes the reasons and advantages of investing in Castilla-La Mancha.
Advantages of investing in Castilla-La Mancha, Autonomous Community of Spain
Castilla-La Mancha stands out for being a region that offers great advantages to its investors. This makes our market one of the most attractive in the country for companies looking to boost their business. Here is why:
Spain’s proximity to the markets of Europe, Latin America, North Africa and the Middle East makes it one of the most connected and open economies to the outside world.
The Castilla-La Mancha region is located in the center of Spain and is surrounded by seven regions (Andalusia, Aragon, Castilla y León, Valencian Community, Extremadura, Madrid and Murcia), home to more than 60% of the Spanish population, a market of more than 28.6 million people.
Within Spain, Castilla-La Mancha is a border region with 50% of the Peninsula’s Autonomous Communities (more than 56% of the national GDP) and is crossed by four of the six main highways of the State and by the railway lines that connect 14 of the 24 ports of the Peninsula with the central zone of our country, which allows us to be a reference point for all activities with an impact on the central zone of the Peninsula.
3) Aid and subsidies
The Regional Government is strongly committed to the industrial and entrepreneurial development of our region and, to this end, is developing measures to support entrepreneurs such as Plan Adelante and the Extraordinary Plan for Employment. It also seeks to adopt a cooperative attitude to facilitate the establishment of new businesses in Castilla-La Mancha.
Castilla-La Mancha offers the greatest incentives for hiring and training workers. The services are adapted to the specific needs of each company in terms of recruitment and training.
The amount of aid can be up to 45% and is non-refundable.
4) Research and development
Castilla-La Mancha has a whole network to promote R & D & i, mainly focused on the regional college and its dependent centers.
In addition, technological innovation in Castilla-La Mancha is concentrated in the Science and Technology Park of Castilla-La Mancha (based in Albacete and Guadalajara) and in national and regional research centers, with the main reference centers for renewable energy represented. CNH2, ISFOC and CLAMBER
Thanks to plans such as the ‘Plan ahead 2020-2023‘, at CLM we are committed to the emergence of new business projects and the consolidation of self-employed people.
We have two objectives: to promote and facilitate the start of entrepreneurial activity through self-employment and the creation of companies and their consolidation over time; and to promote the creation, consolidation and modernisation of cooperatives and work companies in Castilla-La Mancha.
6) Quality of life
Castilla-La Mancha offers a cultural, natural and gastronomic diversity that makes it an ideal place to live.
Castilla-La Mancha has a rich historical and cultural heritage. It has 4 enclaves declared World Heritage Sites by UNESCO: the Almadén Mining Park, Toledo, the Rock Art of the Mediterranean Arc of the Iberian Peninsula and Cuenca.
In addition to its monumental heritage, Castile-La Mancha also offers an exceptional landscape and natural wealth. Its locations are perfect for active tourism: Hiking, cycling, horseback riding or off-road vehicle rides, canyoning or caving.
7) Qualified workforce
Spain has the best professionals with college and postgraduate degrees. They have enjoyed an excellent education in the different fields of study that make Spanish students who graduate among the most sought after in the world.
The workforce in Castilla-La Mancha is numerous and specialized, which favors the competitiveness of the companies that have chosen our region. The cost of labor and land is much lower than in neighboring regions.
Castilla-La Mancha, a top region in Spain for investment
Castilla-La Mancha is an excellent region for investment due to its proximity to Madrid and the main centers of consumption, the infrastructures, the support and assistance available, the competitive costs compared to other regions and the industrial space it offers.
Added to this is the advantage that it borders 7 regions and has direct access to more than half of the consumers in Spain.
IPEX assists foreign investors in Castilla La Mancha in the creation, promotion, growth and consolidation of a business. It offers personalized support, analyzing the needs of the project, making an implementation offer, working with the company and implementing the business with its strategies.