Independent journal on economy and transport policy
07:36 GMT+1
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Another 500 million euros of European funds in favour of the Blue Economy sector
Presented today the InvestEU Blue Economy fund
March 28, 2022
The European Commission and the European Investment Bank (EIB) have launched the InvestEU Blue Economy fund dedicated to the Blue Economy, making it available to financial intermediaries that invest another 500 million euros in this sector. of EU resources through the EMFAF Fund (European Maritime, Fisheries and Aquaculture Fund), the EIB and the InvestEU Programme. With the new initiative, the value of funding available to small and medium-sized enterprises and innovative and sustainable start-ups in the sector will rise to 1.5 billion euros. The invitation to present expressions of interest will be published shortly by the European Investment Fund.
The new fund was presented today in Brussels on the occasion of "BlueInvest 2022", the day organised by the Europe Commission and focused on BlueInvest, the initiative aimed at promoting innovation and investment in technologies sustainable for the blue economy by supporting access to funding for the Pmas and start-ups. At today's meeting Virginijus Sinkevicius, the European Commissioner for the Environment, Oceans and Fisheries, highlighted how in the past three years the BlueInvest initiative has been a great success by bringing hundreds of Pmas to the investors and leading to the signing of a large number of financing agreements. "The first stage of the platform has acted as an accelerator to promote innovation and investment in sustainable technologies for the blue economy," Sinkevicius said. To further deepen and expand these activities, we now launch the second phase of BlueInvest. This will make it an even better service to small and medium-sized businesses and European investors and a greater impact in support of the European Green Deal's goals. "
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