The agriculture and bio-economy sector receives 1 billion euros, in the form of loans from the European Investment Bank, under the Juncker PlanApril 17, 2018
Hat: The agriculture and bio-economy sector receives 1 billion euros, in the form of loans from the European Investment Bank, under the Juncker Plan
Funding Scheme: 2018-04-17
Pgm2014 2020: Yes
Funding of EUR 400 million is provided by the European Investment Bank under the European Fund for Strategic Investments (EFSI) for loans in the agriculture and bio-economy sector.
EIB financing will support nearly €1 billion in investment across Europe by attracting investment from cooperatives and private companies.
The scope of the SIEF has been extended in a new regulation which came into force in early 2018 and now includes a specific sectoral priority for sustainable agriculture and the bio-economy in general. Loans to farmers and small and medium-sized enterprises will range from €7.5 million to €50 million.
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