EIB Group Unveils €3 Billion Financing Package for European Agriculture and Bioeconomy

The European Investment Bank (EIB) Group has announced a €3 billion financing package to support agriculture, forestry, and fisheries across Europe. EIB President Nadia Calviño announced that the initiative will unlock €8.4 billion in bioeconomy investments through leveraged financial contributions.

The EIB's largest financing package will extend over three years, with initial loans expected by mid-2025. It mainly focuses on small and medium-sized enterprises (SMEs) and mid-cap companies in agriculture.

Much of the funding focuses on supporting young and new farmers to overcome challenges in accessing traditional financing. Female farmers will also receive specific support to reduce gender gaps in the sector. Furthermore, the package emphasizes investments in green projects, aligning with the European Union’s sustainability objectives.

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Boosting Sustainable Farming and Resilience

The funding supports investments in soil health, water management, climate resilience, digital tools, young farmers, and EU gender balance goals.

Christophe Hansen Commissioner for Agriculture and Food said, "I welcome the strong commitment of EIB in favour of the EU farming community, especially for young farmers and women farmers. Bridging the financing gap in the sector is vital, and with the EIB Group’s support we are giving agriculture the tools to thrive and grow."

He added, "We will closely work with the EIB to make sure that this financing opportunity is taken up on the ground and delivers results. Together, we are securing a sustainable future for the sector.”

The package ensures favourable loan terms by incorporating interest rate subsidies and capital grants supported by EU and national budgets. The EIB will offer advisory support through the Green Gateway program and Green Eligibility Checker, assessing green projects' impact.

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Strengthening Climate Adaptation and Insurance

The EIB Group’s financing initiative, part of the EU’s “Strategic Dialogue on the Future of EU Agriculture,” supports innovation, agritech, and sustainable farming. The plan offers loans for technology, agritech private equity, guarantee schemes, expanded farmer lending, and investments in rural infrastructure.