Attracting Strategic Suppliers
The Invest in the Basque Country initiative attracts strategic suppliers to the Basque Country to become part of our ecosystem, either with a production facility or an R&D centre.
In an increasingly unpredictable global context (pandemics, armed conflicts, rising raw material and freight costs, etc.), the need for a strategic local supplier base is becoming ever more important.
Despite the fact that the Basque Country boasts a powerful industrial ecosystem, it is possible that certain components or services are not available here and are instead purchased from suppliers located abroad.
To address this, SPRI has launched this initiative to find out what technologies or components may be missing in our value chain, with the aim of working to attract strategic suppliers to the Basque Country.
When strategic suppliers are close at hand, they save your company both time and money.
What supply needs have you identified?
If you know what they are, we can help you
How does it work?
The key: detecting the supply needs of Basque companies
01
DETECTING OPPORTUNITIES
Basque companies should initially reflect on which of their current foreign suppliers might consider a hypothetical physical establishment in the Basque Country, as well as the benefits that the company and the Basque economy would gain from this new establishment.
02
CONTRAST
Once this analysis has been carried out, the Basque company will contact the foreign supplier in order to gauge their potential interest in establishing themselves in the Basque Country.
03
SENDING THE FORM
The company will fill in the form, providing the details of specific suppliers that they believe could be brought to the Basque Country, or even those areas or technologies for which they do not know a specific supplier, but they believe it would be highly beneficial for their business if they were located in the Basque Country.
04
JOINT VIDEO CONFERENCE
A video conference between the parties involved: Basque company, foreign supplier, cluster or business association (if they have participated in the process) and Invest in The Basque Country. During this meeting, each party will present their interests or needs in order to initially determine the feasibility of a potential site in the Basque Country.
05
ESTABLISHMENT PROJECT
In the case of initial positive interest, Invest in The Basque Country will draft an establishment project plan for the foreign supplier covering the following sections: Industrial Ecosystem, Possible Locations, Assistance and Programmes Supported by Governmental Authorities, Taxation, etc.
For Basque companies that want to accelerate their supply chain, reduce production lead times, improve service or gain efficiency and flexibility.
And they can contribute by assisting their suppliers in the establishment process or by letting them know the supply needs they have identified in their sector or market.
The Strategic Supplier Attraction initiative has been developed in collaboration with key clusters and business associations in the Basque Country.
And it is led by theInvest in the Basque Country, team at the SPRI Group, which works to attract and sustain quality foreign investment.
"For the fourth consecutive year, the Financial Times has highlighted the work done to attract investment and has named the Basque Country as the most attractive medium-sized European region in terms of its strategy to secure foreign investment."
Preguntas frecuentes
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What supply needs have you identified in your value chain? Tell us about them here.
Tell us which of your suppliers you would like to see established in the Basque Country or what supply needs you have identified so that we can work on attracting technologies or strategic suppliers to the Basque Country.
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