New European Investment Bank loans under Juncker Plan set to mobilise €1 billion in investment for agriculture and bio-economy sectors
New financing initiative targets investments by private cooperatives and companies in the agriculture sector. The EIB financing amounts to €400m and is expected to back close to €1bn of investment across Europe. Agreement is guaranteed by the Juncker Plan's European Fund for Strategic Investments.
Illustration Photo: Mojenhoern region in Germany is famous for its many fruit plantations which include apple, strawberry, pear, cherry, raspberry, blackberry and many more of local quality products. (credits: Daniel Lerps / Flickr Creative Commons Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0))