INFORMA D&B, a company that collects commercial, financial and marketing information, has carried out a study of the relocation of company head offices between the regions of Spain. In 2023 Catalonia was once again the autonomous community that lost the most head offices (128), while the Community of Madrid took in the most (71).
After Madrid, the largest gains were seen in Castilla-La Mancha (60) and the Valencian Community (43). A positive balance was also recorded in the Canary Islands, the Balearic Islands, Galicia, Cantabria and Extremadura. Apart from Catalonia, the most significant losses were in Castilla y León (44) and the Basque Country (32). Since 2015 only two autonomous communities have stayed “in the black”: Madrid (5,290) and the Balearic Islands (469).
Last year 386 companies moved from Catalonia to Madrid, while 349 went the other way. The capital region was also the most popular destination for companies that decided to leave Andalusia.
As for the turnover of companies whose head offices changed address in 2023, Galicia gained the most, €14.191 billion, thanks to the move of Stellantis Spain. Catalonia, despite its negative balance of arrivals and departures, added €3.92 billion, taking in, among others, the second and fifth largest companies in Spain by turnover among the “migrants”: TD Synnex Spain (€1.765 billion) and Font Salem (€457 million).
Total Energies Clientes (€1.7 billion) moved from the Basque Country to Asturias, and Generaciones Eléctricas Andalucía (€485 million) moved there too, from Cantabria. Taking these moves into account, the worst result was Aragon’s, which lost €14.556 billion, followed by the Basque Country (-€2.168 billion) and Madrid (-€1.864 billion).
