Financial institutions and investors will work together to mobilise investments and help develop suitable financial instruments
Environment Commissioner Jessika Roswall (left) visits the Värtaverket biomass power plant in Sweden. Photo credits: European Union
The EU is preparing to establish a Bioeconomy Investment Deployment Group, bringing together financial institutions and investors in a bid to coordinate investments and improve access to finance.
The group will help to develop a pipeline of bankable projects, and advise the EU on financial instruments and regulatory improvements that could support companies at the crucial scale-up and deployment stages.
The European Commission and the Circular Bio-Based Europe Joint Undertaking (CBE JU) closed a call for expressions of interest on May 17, and hope to convene the group formally for the first time in June to develop its three-year work plan for 2026-29.
EU financial institutions, national promotional banks, commercial banks, venture capital funds and institutional investors are all eligible to join. The European Investment Bank (EIB) Group is also supporting the…
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