EIB and Castilla y Leon regional government sign €74 million loan to finance projects related to agriculture, forestry, and climate change adaptation and mitigation in rural areas
Spain, July 4 -- The European Investment Bank (EIB) has signed a €74 million loan with the government of the Spanish region of Castilla y Leon (Junta de Castilla y Leon) to co-finance rural and agricultural and forestry sector investment under the European Agricultural Fund for Rural Development (EAFRD) operational plan for 2023-2027. This is the first tranche of total approved EIB financing of €245 million.The EIB loan and Junta de Castilla y Leon co-financing will provide support for projects to modernise farms across the region, as well as for climate change adaptation and natural resource management. They will also make it easier to access financing for forest land planting and recovery projects and agroforestry land convers...
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