FDBusiness.com

European Commission and European Investment Bank (EIB) to Co-operate in Agriculture and Rural Development

 Breaking News
  • Royal Unibrew Completes Acquisition of French Lemonade Business Royal Unibrew, the Denmark-based beverages group, has completed the acquisition of Etablissements Geyer Fréres for an enterprise value of DKr660 million (€88.5 million) financed by bank debt. The acquisition of Etablissements Geyer Fréres will give Royal Unibrew increased access to the French soft drinks market and will further strengthen its export portfolio. Employing about 100 [...]...
  • Private Label Outperforms FMCG Brands in Europe Private label continues to grow across Europe and is now outperforming brands in the majority of markets measured by big data and technology expert for consumer FMCG industries, IRI in its analysis of private label performance across eight major Western economies markets (UK, France, Germany, Greece, Italy, Spain, Netherlands and the US) during 2017. Growing +4% year on [...]...
  • Meat & Poultry – Future-proof For Success The meat market remains fast-moving and competitive. As part of this processors and retailers are always looking for a point of differentiation. As well as new product development, this can mean new pack formats. Convenience remains a major driver here but this has to be matched by the ability to maintain product quality and freshness [...]...
  • Ready Meals – Not Ready For the Future New research (1) published by Eating Better, a powerful alliance of more than 50 organisations, shows that supermarkets need to shake up their ready meal ranges. They are not catering for the growing number of flexitarian customers who are cutting back on their meat eating for their health and the health of the planet (2). [...]...
  • Top 100 Largest Spirits Brands Revealed The world’s most popular alcoholic drink in 2017 was the South Korean soju brand Jinro, owned by Hite-Jinro, according to the IWSR Real 100, the definitive ranking of the world’s largest spirits brands by volume. Selling almost 76m nine-litre cases, Jinro retains its number one position from last year, and once again by a staggering [...]...

European Commission and European Investment Bank (EIB) to Co-operate in Agriculture and Rural Development

European Commission and European Investment Bank (EIB) to Co-operate in Agriculture and Rural Development
July 21
09:05 2014

The European Commission and the the European Investment Bank (EIB) have signed a Memorandum of Understanding (MoU) for co-operation in agriculture and rural development in 2014-2020. The first of its kind in the field of agriculture, this MoU paves the way for common initiatives by both institutions, so as to stimulate rural development and boost the utilisation of financial instruments supported by rural development funds.

Commissioner for Agriculture and Rural Development Dacian Ciolos says: “This Memorandum of Understanding will bring the agri-food sector closer to financial instruments needed to increase competitiveness and innovation. The financial instruments envisaged have a strong potential for supporting short supply chains, as well as for small farm structures and young farmers. Farmers will have easier access to funding to back their investment decisions, while Member States and stakeholders will also greatly benefit from the EIB’s support and experience on financial instruments and strategic investment.”

Wilhelm Molterer, Vice President of the European Investment Bank, says: “The EIB has long-standing experience in agriculture, rural development and food security financing. Long-term lending conditions can encourage entrepreneurs in these sectors to implement business ideas that are difficult to finance out of the current short term cash-flow. And experience has shown that MoUs are very helpful reference guides for strengthening cooperation and developing future activities.”

The EIB will bring its experience in the development of financial instruments, which play an increasingly important role to support competitiveness and innovation in agriculture, forestry, and rural businesses. Under the MoU, the EIB will be able to advise Member States and regions in defining investment strategies and projects. The EIB will also put emphasis on agriculture and rural businesses in its operational programme and its interventions. In more concrete terms, the sort of instruments and interventions that might be covered are investments, pilot and demonstration projects, and innovative projects transferring research results and knowledge-sharing (in line with the European Innovation Partnership for ‘Agricultural Productivity and Sustainability’). A further example for potential joint cooperation would be the development of financial instruments supporting green infrastructure in rural areas and forestry, as well as the possibility of using EU-level financial instruments such as COSME and Horizon 2020.

The Memorandum of Understanding stresses the EIB’s potential role in financing public and private projects, as well as financing national and regional public contributions to Rural Development Programmes. Thus, the EIB Group (ie the EIB and European Investment Fund) will also increase its presence in agriculture, agri-food and forestry, by facilitating feasibility assessments, market-gap analyses, and ex-ante assessments in the context of Rural Development Programming.

The European Investment Bank is the long-term lending institution of the European Union owned by the 28 EU Member States. It makes long-term finance available for sound investment in order to contribute to EU policy goals.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements