EIB ANNOUNCES 1.6 BN EUROS OF INVESTMENT IN AGRICULTURE AND BIOECONOMY SECTOR...
The European Investment Bank (EIB) announced the launch of a new financing initiative that aims to unlock close to €1.6bn of investment in the agriculture and bioeconomy sector. The initiative targets investments by private cooperatives and companies in the agriculture and bioeconomy sector and aims to support private companies operating throughout the value chains of production and processing of food, bio-based materials and bioenergy. It will be guaranteed under the European Fund for Strategic Investments (EFSI), which forms the financial pillar of the Investment Plan for Europe. Safeguarding employment... The lending programme will enable direct lending for private sector investments ranging from €15m to €200m, with the EIB loan amount ranging from €7,5m to €50m. Targeted investments will support environmental protection and natural resource efficiency, renewable energy, innovation, competitiveness, and energy efficiency. The programme will contribute to safeguarding and ...