The fund will provide unitranche funding to French and European SMEs, while encouraging the companies they finance to take account of environmental and social concerns.
The fund seeks to alleviate poverty and boost entrepreneurship in the region and it is London-based M&G’s second investment into an impact-driven public private partnership (PPP) model.
Ahead of the European elections, Impact Europe and five national impact investing networks have launched their Impact Manifesto, calling on the EU to introduce policies to enable the work of impact investors.
The private credit fund has received €20m from the European Investment Fund to support agricultural SMEs looking to decarbonise their businesses in Bulgaria, Latvia, Lithuania, Poland and Portugal.
The company, which makes electrolysers for hydrogen production, is targeting rapid expansion of installations to meet a forecast sharp rise in demand for green hydrogen, as countries strive to meet net-zero targets.
Spanish food-tech company Heura Foods has raised €40m which it will invest in innovation and the expansion of its portfolio of technological patents in the production of plant-based foods.
The EU-backed funding is part of €4.2bn in debt financing announced by H2 Green Steel for its large-scale green steel plant in Sweden, on top of equity investments of €300m and a €250 million grant from the EU’s Innovation Fund.
From now on you will receive our newsletter 3 times a week (Tue, Thu and Fri).
Free newsletter. Sign up now
Register your email address and receive our newsletter direct to your inbox.
Offering independent news and analysis about impact investing and sustainable finance.
For free.
