BPCE YOUNG FARMER & AGRICULTURE MBIL

Promoter – Financial Intermediary

BPCE

Location

• France

Description

The operation consists of multiple beneficiary intermediated loan (MBIL) to facilitate longer-term financing for small and medium-sized enterprises (SMEs) and mid-caps in the agriculture/bioeconomy sector in France. At least 10% will be dedicated to young and new farmers and 30% to support climate action & environmental sustainability.

Objectives

Supporting SMEs and mid-caps in agriculture and the bioeconomy — particularly young and new farmers, who face greater challenges in accessing long-term bank financing — remains a key priority for both the EIB and the European Commission (EC). The agriculture and bioeconomy sectors form one of the largest industries in the EU, with an annual turnover of more than EUR 2 trillion. According to the EC's Bioeconomy Strategy (updated in 2023), the development of a sustainable European bioeconomy is expected to create at least one million new jobs by 2030.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

not applicable

Environmental aspects

The operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.

Procurement

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

Status

Under appraisal