What we do
Equity products
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
Pan-European Venture Capital Fund(s)-of-Funds programme
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
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
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME 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
Asset Management Umbrella Fund (AMUF)
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
Croatian Growth Investment Programme (CROGIP)
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)
EAFRD FoF Portugal
EAFRD FoF Romania
European Recovery Programme (ERP)
ERP-EIF Co-Investment Growth Facility
INAF – French National Agricultural Initiative
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
ESIF Fund-of-Funds Greece
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
LfA-EIF Facility
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)

French National Agriculture Initiative enters operational phase

  •  
    Date: 04 December 2019

Minister for Agriculture and Food Didier Guillaume, Vice-President of the European Investment Bank Group Ambroise Fayolle and Chief Executive of the European Investment Fund Pier Luigi Gilibert today signed an agreement with the representatives of Arkéa, BPCE Group, Crédit Agricole and Crédit Mutuel to roll out the French National Agriculture Initiative (INAF).

INAF was created in connection with the French Government’s Investment Plan 2018-2022 by the European Investment Fund (EIF), a subsidiary of the EIB Group, in association with the Government and its Ministry of Agriculture. INAF mobilises EUR 60m of national funds and EUR 45m of European Fund for Strategic Investments (EFSI or Juncker Plan) resources.

INAF has very substantial leverage and is expected to unlock over EUR 1bn of investment via the four financial intermediaries selected.

Specifically, the initiative aims to support upscaling, the creation of value added and the transformation of production systems. With this in mind, the initiative aims to better meet the expectations of consumers by expanding the development of high-quality sectors and promoting a regional focus with local networks. Furthermore, INAF focuses on generation renewal and the introduction of market entrants, transformation of agricultural models for improved economic, social, environmental and health performance, diversification of farming activities and revenues, and upgrading of assets that are no longer in line with international best practice.

This innovative instrument will enable banks to expand their business by offering them a guarantee tool that can best support the dynamic of farm transformation. It covers a portion of any losses incurred in the future by a portfolio of new loans granted by Arkéa, BPCE Group, Crédit Agricole and Crédit Mutuel in order to have a real impact on the market and offer farmers loans on very favourable terms over the next five years.

“This initiative, requested by the French President as part of the French Government’s Investment Plan, mobilises national funds and resources from the European Fund for Strategic Investments. The initiative will act as a catalyst for investment by French farmers, in particular to support our ambitions in terms of the transition to agro-ecology and to help young farmers set up”, said Didier Guillaume.

According to Ambroise Fayolle: “The agreement signed today symbolises the cooperation between the French Government and the EIB Group (EIB is the EU bank) to mobilise resources from both the private and public sectors in support of farmers.”

Pier Luigi Gilibert stated: “INAF sends a powerful signal from the European Union and its institutions to build a strong agricultural sector in Europe as demonstrated today by the French regions, networks and farmers.”

Press contact:

EIB Group:

Cyrille Lachèvre
c.lachevre@ext.eib.org
+352 4379 73984
mobile: +33 6 20 42 12 08
Website: www.eib.org/press 
Press Office: +352 4379 21000 – press@eib.org

Press Office for Didier GUILLAUME
tel.: 01 49 55 59 74;
cab-presse.agriculture@agriculture.gouv.fr

 

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


 
 

Copyright ©

 European Investment Fund 2019 – The European Investment Fund is not responsible for the content of external internet sites.