An online seminar on the possibilities of lending to agro-industrial enterprises by the European Investment Bank was held

Today, with the assistance of the Regional State Administration, with the participation of the Chairman of the EIB project «Ukraine Agri-Food Credit Line» Mr. Stefan Rosenow, the senior project expert on agri-food finance and banking Mr. Stephen Wright and the agricultural economist NIRAS Mr. Wilhelm Kruse, the presentation of the project «Ukraine Agri-Food Credit Line». Representatives of leading agricultural enterprises of the region also took part in the presentation.

The European Investment Bank has provided Ukraine with 400 million euros within the framework of the project «Ukraine Agri-Food Credit Line». The loan is aimed at operators in the value chains of cereals, oilseeds and aquaculture/fisheries, increasing the efficiency of resource use, reducing costs and losses, increasing the level of safety and quality of products, as well as increasing competitiveness in national and international markets.

Private and public sector entities seeking for investing in modernization or technological upgrading in these areas may qualify for support. The investment will be allocated to finance capital expenditures (buildings, equipment, etc.).

The project offers the lowest interest rates in Ukraine and long-term financing of investment projects:

– up to 50 million euros, with 50% of the EIB funds;

– projects worth 1 million euros will be considered under an accelerated procedure.

Who is eligible for credit:

  • private and public sector operators are eligible to apply for a loan if they meet the following requirements:

– operate in the value chains of cereals, oilseeds and aquaculture / fisheries;

– have an average capitalization level (≤3000 employees) or are small / medium enterprises (≤250 employees).

  • those looking for funding for projects or investments that improve productivity and competitiveness in the above sectors, for example

– research and education, laboratories and quality control services, certification and extension of agricultural knowledge, monitoring and control systems for fisheries;

– agricultural machinery and equipment;

– capacities for drying / cleaning, sorting / testing and storage of grain and oilseeds, including support of commodity and logistics infrastructure;

– logistics infrastructure;

– distribution, wholesale and retail infrastructure;

– other similar projects.

Representatives of agro-industrial enterprises had the opportunity to ask questions and get comprehensive answers.

More details on the terms of participation in the project can be found in the presentation.