A new financing initiative launched by the European Investment Bank (EIB) aims to unlock around € 1 billion of investment in the EU’s agriculture and bioeconomy sectors, targeting farmers and small and medium enterprises.

Funding will cover the value chains of food production and processing, and material and energy from renewable biological resources. It will be guaranteed under the European Fund for Strategic Investments (EFSI) which was extended in early 2018 to include a specific sectorial focus on sustainable agriculture and the wider bioeconomy.