PAN-EUROPEAN AGRICULTURAL PROGRAMME

Promoter – Financial Intermediary

ACCEPTABLE BANK(S)

Location

• EU Countries

Description

The programme consists in a Lending Envelope supporting small and medium sized enterprises (SMEs) and mid-caps operating in agriculture and bioeconomy sectors across the EU.

Additionality and Impact

Supporting agriculture and bioeconomy is one of the eight policy priorities of the Bank, as per the EIB Group 2024-2027 Strategic Roadmap. The proposed Lending Envelope is expected to support several EU policy objectives, such as (i) modernisation in the agriculture sector, (ii) support to young and new farmers, (iii) climate action and environment sustainability, (iv) gender equality, (v) rural development and territorial cohesion. It also supports the Common Agricultural Policy (CAP) legislative package for the 2023-2027 programming period. This operation has the objective to address market weaknesses and failures related to the availability of financing to SMEs & Mid-caps active in the bioeconomy value chains. These companies typically utilise and add value to the primary production of food, feed, fibre and biomass for energy and therefore contribute to generate growth and employment opportunities in the rural economy. 

Objectives

The aim is to enhance access to finance for the target beneficiaries.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 3000 million

Total cost (Approximate amount)

not applicable

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Approved - 6/11/2024