A new Initiative facilitating access to funding for young farmers was recently launched by Commissioner Hogan and Andrew McDowell, Vice-President of the European Investment Bank (EIB) aiming to support the generational renewal of EU farming.
A €1 billion loans package stays in the heart of the joint ‘Young Farmers initiative' bringing together existing EAFRD support (grants and financial instruments) and the financial means and expertise of the EIB. In addition, fi-compass advisory products will be available to Managing Authorities to support its implementation for agriculture and the bioeconomy.
