What we do
Public consultation on the EIB Group's Environmental and Social Sustainability Framework - informational webinars
Public consultation on the EIB Group's Environmental and Social Sustainability Framework
The EIF in 2020
Coronavirus: The EIB Group’s initiatives to address its economic consequences
Pan-European Guarantee Fund – EGF
Sustainable Development Umbrella Fund
SDUF Health Compartment
Equity products
AI Co-Investment Facility
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
InnovFin SME Guarantee Facility
COSME - Loan Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
Central and Eastern European Technology Transfer (CEETT)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece

How EFSI benefits SMEs in Europe - Cassa Depositi e Prestiti case study: Abiomed: agriculture

image

“In our fields, in the warm Sicilian climate we produce all sorts of fruits and vegetables. From artichokes to carrots, peppers, zucchini, aubergines… but the top product is our cherry tomato,” says Luciano Caruso, Director at Abiomed, “We sell them fresh, sun-dried as tradition dictates, or even as a sauce.”

Luciano Caruso employs a dozen people to run Abiomed, an association of agricultural producers with 25-30 permanent agricultural workers. Founded in 2001 by 10 producers, it has grown to a network of 315 associated producers covering 7 provinces of Sicily. Today Abiomed has over 2300 hectares of land under cultivation in greenhouses and open fields.

For independent agriculturalists, accessing funding for their business can be challenging. Small agricultural businesses typically lack collateral or the necessary financial clout to secure and repay big bank loans.

With the help of an EU-guaranteed loan through Cassa Depositi e Prestiti, backed by the EIF, Abiomed was able to help their producers to avoid personal guarantees. “Our field of work is sometimes quite unpredictable. We face high risks every day, and a big part of our activity depends on weather conditions, so an unexpected hailstorm can ruin the harvest, wasting months of work. So any kind of support is always a welcome development. It can take some pressure off our shoulders,” explains Luciano “The process was very smooth, and within 2 months the business had their financing,” explains Luciano, “We were able to boost our stocks, buying fertilizer and packaging and various raw materials.”

Looking ahead, Abiomed will look into making productive investments to keep growing their business. “Good, locally-sourced food is itself a great investment in future generations,” Luciano adds, as he explains how the company has teamed up with local schools to work on a project that brings together sport and nutrition. “Producers play an active role in our community, collaborating with local schools and sports teams, helping to put on athletics, cycling, and volleyball activities, and campaigning at the same time about good nutrition for youth and athletes. Training starts at the table…”

Company: Abiomed

Type of business: agriculture

EIF financing: COSME LGF, EFSI

Financial intermediary: Cassa Depositi e Prestiti (CDP)

For further information about EIF intermediaries in Italy, please refer to: http://www.eif.org/what_we_do/where/it

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund 2021 – The European Investment Fund is not responsible for the content of external internet sites.