Normandie Terre Invest, is a new EIF initiative targeting the financial needs of farmers, enterprises active in the agricultural sector, agro industry as well as the equestrian sector which is co-financed by the European Agricultural Fund for Rural Development (EAFRD).
This financing initiative is launched in response to the market failures regarding access to financing for economic players in the agricultural sector. Its aim is to alleviate the financing needs of young and new farmers in view of enhancing their access to the economic market. We expect to mobilise at least EUR 262 million in new loans.
In this regard, Normandie Terre Invest provides a free-of-charge first-loss portfolio guarantee supporting new debt financing to farmers mainly through the following four pillars:
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Fostering the setting up of young farmers/newcomers;
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stimulating productive and diversification investments undertaken by farmers;
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Supporting SMEs active in the agro-industry, and
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Supporting the Equestrian sector.
Mandator
Our partners
Selected financial intermediaries
The following summary is only indicative. For full information please refer to the Call documents below.
Product details
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Country or region
Focus
The Normandie EAFRD Holding Fund is mandate funded by regional and EAFRD resources. The target beneficiaries are farmers and SMEs in the agro-industry, equestrian, and forestry sectors in Region Normandie. The instrument is designed to improve access to finance and enhance the competitiveness of these sectors. It builds on successful models from other French regions and aligns with EU agricultural and cohesion policy goals. 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 support generational renewal and attract young farmers and newcomers. It promotes productive and diversified investments by farmers and SMEs. It contributes to climate action and sustainable resource management. It aims to unlock EUR 262m to strengthen the agricultural value chain and improve farmers’ position in it. Ultimately, it fosters rural development, job creation, and resilience in a transition region facing demographic and economic challenges.
Guarantee terms
Benefits for recipients
Type of instruments
Max (counter-)guarantee rate
Max cap rate
Guarantee fee
Consistency with state aid
NoLending features
Type of financial intermediary
Target final recipients
Maximum debt principal amount
€2.5m iDebt financing maturity range
Growth stage
Eligibility criteria
Eligible applicants are financial institutions duly authorised, according to applicable legislation, to carry out lending or leasing activities to final recipients established and/or operating in Normandie.
For the complete set of eligibility and other criteria, please refer to each call document. 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.
Application closed
The call closed on 29 February 2024, 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 Normandie Terre Invest can be submitted here.