EU funding

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.

The Dutch insect breeder also gets the backing from the InvestEU programme to scale up its sustainable protein production.

The fund aims to help foster the development of indigenous tech companies in Ireland to support the country in meeting its climate change targets across a spectrum of agricultural and industrial sectors.

Impact Europe and GSG were among signatories to an open letter calling on the EU to put impact investing centre stage when reappraising its green investment regulatory framework.

The Fiscal Matters Coalition wants reforms to the EU’s Stability and Growth Pact to better align with national budgets, in order to achieve a green and just transition.

Differing perceptions of fiduciary duty is one of several reasons European and US investors diverge in their strategies when seeking to make an impact.

The partnerships with private sector financial institutions will support startups and SMEs making a positive contribution to the UN SDGs and adopting more sustainable business models.

The European Investment Fund is backing Infinity Recycling’s Circular Plastics Fund which invests in companies developing advanced technologies for the recycling of plastics.

The Council of Europe Development Bank identifies five projects to receive financing in the areas of affordable social housing, education and training, microfinance and social enterprise finance.