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Signature(s)

Amount
€ 2,000,000
Sector(s)
Signature date(s)
7/04/2017 : € 2,000,000
Link to source

Summary sheet

Release date
25 September 2015
Status
Reference
Signed | 07/04/2017
20150607
Project name
Promoter - financial intermediary
REWILDING EUROPE (NCFF)
Rewilding Europe Capital
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 2 million
EUR 14 million
Location
Sector(s)
Description
Objectives

Intermediated loan to a special purpose financial intermediary, providing loans to probiodiversity businesses, including commercial conservation projects

The project aims to support small businesses in rural areas that will have a positive impact on restoring landscapes, ecosystems and biodiversity.

Environmental aspects
Procurement

In Europe's countryside, rural land abandonment and certain land-use changes have lead to a rapid decline in species, biodiversity and natural ecosystems. In particular, populations of many species (mammals, birds, reptiles, insects, plants) dependent on open and half-open (mosaic) landscapes are declining, partly due to a loss of their habitat. Socioeconomically, land abandonment is reducing experienced labour forces and employment prospects are worsening, resulting in rural areas becoming less economically productive. This operation will seek to reverse some of these damaging trends by restoring, maintaining, and enhancing these mosaic landscapes and their biodiversity, and returning them to a state of ecological health and biodynamic balance which can support the substantial recovery and comeback of wildlife species across Europe. This operation will engage socioeconomic activities reliant on opportunities created by this habitat recovery and resultant wildlife comeback, which in turn can be structured to support the sustainability of these natural recovery processes. These operations may take place in Natura 2000 sites. This operation will support Target 2 of the Biodiversity Strategy. The relevant baseline biodiversity/ecosystem LIFE indicators will be included in the contractual framework with the financial intermediary and the final recipients and will be reported on.

The financial intermediary's investment guidelines will be required to ensure that procurement procedures applied by the underlying investments financed by the Fund are in line with the provisions of the EU Procurement Directive. Details will be verified during appraisal.

Link to source
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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - REWILDING EUROPE (NCFF)
Publication Date
28 Jan 2020
Document language
Main Topic
Lending
Document Number
65158981
Document Focus
Environmental Information
Project Number
20150607
Regions
Countries
Publicly available
Download now
Other links

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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