Spain: State Fund for Local Investment
On 28 November 2008, the Spanish Government created a State Fund for Local Investment ("Fondo Estatal de Inversión Local") with an endowment of € 8 billion. The stated goal of the Fund is to promote investment in construction projects at the community-level with a special emphasis on projects that promise the creation of new jobs.
According to the founding decree, eligible projects must not have a value above € 5 million. This maximum volume lies below the threshold of € 5.278 million above which Spanish law requires tenders to be published in the Official Journal of the European Union. Given this restriction, it is probable that the Fund will only provide financing to projects not tendered across the European Union. Foreign bidders are less likely to have the information necessary to capitalise on the commercial opportunities created by this fund and are therefore almost certainly discriminated against.
Any Evidence-Based Deliberation:
|Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations?||Yes|
|Is there any evidence that alternatives to the proposed measure were considered?||No|
|Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government?||No|
|Was such evidence identified?||No|
|Is such evidence publicly available?||No|
|Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives?||No|
|Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken?||No|
|Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory?||No|
|Did the government state its intention to review the measure within one year of implementation?||Don't Know|
Date of inception: 28 Nov 2008
GTA Evaluation: Red
Real Decreto-Ley 9/2008. To be found at