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InvestEU: New agreement worth €15 million to support sustainable food and organic farmers in Europe

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The European Investment Bank (EIB) has signed a venture debt loan of €15 million, backed by the InvestEU programme, with CrowdFarming, an online platform for European farmers that sell directly to end-consumers. The company is based in Spain, with a strong presence in France, Germany, Austria, and Italy.

Overall, CrowdFarming's marketplace currently has more than 300 farmers from 13 European countries selling to end-consumers without intermediaries. The EIB financing will help to boost the research, development and innovation activities of the company by enhancing their digital marketplace and developing tools that promote sustainable agricultural practices across Europe, and a more sustainable and fair food supply chain.  

Economy Commissioner Paolo Gentiloni (pictured) said: “The InvestEU programme plays a vital role in helping businesses across Europe to access the financing they need. Thanks to this agreement, we are fostering economic growth and job creation, while ensuring that an increasing number of Spanish companies will be at the forefront of establishing a more sustainable, innovative, and efficient food system. This initiative is a good example of how we can further our efforts to achieve our environmental objectives and reinforce the EU's competitiveness.”

The InvestEU programme provides the EU with long-term funding by leveraging private and public funds in support of EU policy priorities. As part of the programme, the InvestEU Fund is implemented through financial partners who will invest in projects using the EU budget guarantee and thus mobilising at least €372 billion in additional investment. 

A press release is available online.

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