Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 244

Posts Tagged ‘blueinvest’

The BlueInvest Fund is allocated to financial intermediaries

Posted by fidest press agency su domenica, 19 aprile 2020

To receive financing, Financial Intermediaries shall, inter alia, comply with certain criteria, such as:
The maximum size of a single EIF’s investment is limited to EUR 50m, representing at least 7.5% and up to 50% of the aggregate commitments made to the financial intermediary;Target to invest into SMEs, established or operating in one or more EU Member States the lower of: (i) 2 times the amount drawn down from the relevant Blue Economy thematic allocation to the fund (ii) or two thirds of the aggregate amount drawn down by the applicant from its investors for the purpose of the investment.
Undertake to invest at least an amount equal to the amount drawn down for investments from EIF’s commitment in eligible final recipients, i.e. a SME established or operating in EU and: active in research, development or operations of the BE-related activities, or exploiting marine environment data or information in order to research, develop or manufacture products and/or services, or transferring non-BE sectors technologies and/or data to BE-related activities, or otherwise pursuing digitalisation in BE technologies, products or services.Except for co-investments, if the applicant is established (or is to be established) in the EU, its strategy should be to invest more than 50% of its invested amounts into SMEs established or operating in one or more EU Member States. Otherwise, its strategy should target for more than 75% of its invested amounts in SMEs, established or operating in one or more EU Member States.

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BlueInvest 2018: An ocean of opportunity with the right backing

Posted by fidest press agency su mercoledì, 28 febbraio 2018

The European Commission is looking for entrepreneurs active in the blue economy to take part in a high-profile event aimed at matching cutting edge companies with public and private investors. #BlueInvest 2018, the first European event of its kind and hosted by Karmenu Vella, Commissioner for Environment, Maritime Affairs and Fisheries, will take place on 17 May in Brussels.The global blue economy, which covers all activities making use of the ocean’s resources – from fisheries, to renewable energy to biotechnology, is set to grow at twice the rate of the mainstream economy by 2030. For Europe, this could mean 10.8 million jobs and nearly 1 trillion euro in turnover. It could mean cleaner energy, new health benefits, dependable food. But the needs for investment are huge and many innovative companies lack the financial backing to grow and bring their products and services to the marketplace.Commissioner Vella is determined to help: “Our ocean is a source of food, medicine, energy and so much more. The European Commission wants to boost companies that see the ocean as an opportunity. Access to finance is the passage to sustainable growth. We want to go beyond merely funding and actively match companies with potential investors. I believe this will shine light on this rapidly developing sector and create opportunities for jobs creation, economic growth and the sustainable development of the blue economy.” The event follows on to the 2017 Our Ocean conference, where the EU pushed blue growth higher on the international agenda and helped to mobilise the corporate sector. It also dovetails with the priorities set by Commission President Jean-Claude Juncker, namely to improve the EU’s overall business environment by removing barriers to investment and promoting sustainable finance.

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