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Summary sheet

Release date
17 July 2024
Status
Reference
Approved | 06/11/2024
20240444
Project name
Promoter - financial intermediary
PAN-EUROPEAN AGRICULTURAL PROGRAMME
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 3000 million
not applicable
Location
Sector(s)
Description
Objectives

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.

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

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. 


Environmental aspects
Procurement

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

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

Milestone
Under appraisal
Approved
6 November 2024
Link to source

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

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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