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AURA - Auvergne Rhône-Alpes FEADER

Auvergne Rhône-Alpes FEADER is a new EIF initiative targeting the financing needs of farmers and enterprises active in the agricultural, agro-industry, and forestry value chains, which is co-financed by the European Agricultural Fund for Rural Development (EAFRD).

It specifically seeks to: (i) fostering the setting-up of young farmers and newcomers; (ii) supporting economic competitiveness of farmers and enterprises in the face of a climate change environment, and; (iii) supporting farmers impacted by climate hazards.

Auvergne Rhône-Alpes FEADER makes available a free of charge first loss portfolio guarantee supporting new debt financing to farmers and enterprises active in the agricultural, agro-industry, and forestry value chains.

Mandator
Our partners

Selected financial intermediaries

The following summary is only indicative. For full information please refer to the Call documents below.

 

Application deadline

01/08/2023closed

The AURA EAFRD mandate centres on deploying a free-of-charge capped guarantee instrument to improve access to finance for farmers, agro-food enterprises, and forestry actors in the Auvergne Rhône-Alpes region. It is designed to replicate successful decentralised schemes already implemented in other French regions. The mandate is aligned with the CAP Strategic Plan Regulation 2021/2115 and supports the Region’s ambition to strengthen its agricultural sector.

Objective

The mandate seeks to foster a smart, competitive, resilient, and diversified agricultural sector, ensuring food security. It aims to increase farm competitiveness, improve farmers’ position in the value chain, and promote climate change mitigation and adaptation. It aims to unlock EUR 443m of new investments to support sustainable resource management, generational renewal, and job creation in rural areas. Special attention is given to young farmers and women, who face acute financing constraints. The instrument also targets investments in energy efficiency, digitalisation, and climate resilience.

Guarantee terms

Benefits for recipients

Reduction of interest rate
Reduction of collateral requirements
Financing at longer maturity
Increase financing volume
Support farmers (including young farmers) and forestry sector

Type of instruments

Direct guarantee

Max (counter-)guarantee rate

80% i

Max cap rate

10%

Guarantee fee

0%

Consistency with state aid

No

Lending features

Type of financial intermediary

Financial institutions (cooperative, commercial bank, NPIs)

Target final recipients

Farmers
Natural persons

Maximum debt principal amount

€2.5m i

Debt financing maturity range

12 months+ i

Growth stage

All stages

Eligibility criteria

Eligible applicants are financial institutions duly authorized, according to applicable legislation, to carry out lending or leasing activities to final recipients established and/or operating in Auvergne Rhône-Alpes.

The documents to be downloaded below contain details of the application process, the required contents of the Expressions of Interest, and the indicative terms and conditions of the financial instrument.

For more information about the eligibility and exclusion criteria please refer to each Call for Expression of Interest below.

Application closed

The call closed on 1 August 2023, therefore we are not accepting further applications from financial intermediaries.

The Eligibility Period is up to 31 December 2028.

Questions regarding the Calls for Expression of Interest for Auvergne Rhône-Alpes FEADER can be submitted here.