Financial Information

IHCantabria, a knowledge-based industry

We believe in the creation of value through the generation and application of ideas and the effective use of knowledge

During the financial year relevant to this report, IHCantabria has continued to consolidate its position as a reference in innovative management, backed up by a model based on the industry of knowledge. This approach is proven both by its capacity to generate a significant return for society by multiplying the public investment by three, and by its ability to self-finance above 90% if its budget.

In line with our mission to create value through the generation and application of ideas, as well as the effective use of knowledge, we have implemented several initiatives during 2023. These actions have not only contributed to expanding and strengthening our impact, but have also reinforced our commitment to sustainable development and innovation in the scope of hydraulic and coastal engineering.

During the financial year, IHCantabria demonstrated a solid and responsible financial management system, with a final budgetary execution of over 10 million euros. This financial backup has been essential to carry out innovative projects that promote our position as leaders in applied research.

It is relevant to highlight that we have executed basic and applied research projects for a value of over 5.9 million euros, as well as technology transfer projects for a value above 4.4 million euros. These projects have significantly contributed to the development and implementation of strategies that impact positively on society and the environment.

In summary, year 2023 witnessed the outcomes of our belief in an innovative and knowledge-oriented model. As we progress, we keep a firm commitment with the creation of a positive impact and the boost of sustainability, consolidating our position as a reference institution in the integration of applied research and socioeconomic progress.