The European Investment Bank and the EU Commissioner for Agriculture, Phil Hogan announced on 16th April a new financing initiative targeted at the agriculture and bio economy sector. This large EIB lending programme, with up €1bn available will be open to agricultural co-operatives.
Projects allocated under the programme loan will be implemented in the period 2018-2022. Targeted investments will seek to promote the efficient and sustainable use of resources and the re-use of by-products, and to develop intellectual property through the support of private sector research, development and innovation.
The EIB statement is available here
By Eamonn Farrell
Agri Food Policy Executive
28 May 2021