The scheme supports agri-food businesses committed to both innovation and sustainability
What does it consist of?
The Balearic countryside is seeing innovation and cooperation through a new financial aid scheme. With €2 million of funding, this initiative seeks to respond to the low competitiveness of the agri-food industry through projects that promote new processes, products and alliances in the Balearic Islands.
Data
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Cooperation and innovation ot the agricultural field
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Mallorca, Minorca, Ibiza, Formentera
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Govern de les Illes Balears
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Fons de Garantia Agrària i Pesquera de les Illes Balears (FOGAIBA)
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ITS2019-016
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2.000.000 €
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2.000.000 €
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927.253 €
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2019
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In execution
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Environment
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Executed: 46.36%
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25.11.2024
The project
The agri-food industry in the Balearic Islands is under strain from small-scale production structures, low profitability and additional costs due to insularity. This situation has limited its competitiveness, keeping it on the sidelines of technological progress seen in the industry in other regions.
In response, the Balearic Government is offering financial support through the Rural Development Scheme, seeking to establish new cooperation and innovation projects in the farming industry. This support, first granted in 2019, channels sustainable tourism tax to expand the budget available and respond to an unmet demand.
The goal is clear: to foster alliances between farmers, processors and other actors to design quality products and processes. This includes technological development, preliminary tests, strategic investments and marketing campaigns for short food supply chains, in line with principles of sustainability, efficiency and circular economy.
So far, financial support has been granted to initiatives that aim to improve the traceability of local products, reduce the use of polluting inputs and create more direct sales channels between producers and consumers. The overall aim is to build a more resilient, dynamic and competitive model of farming on the islands.
Project gallery
Related projects
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ENVIRONMENT
Boosting diversification of crops in traditional sustainable operations in the Balearic Islands
Promotion of sustainable country estates
Mallorca, Menorca, Ibiza, Formentera
1.500.000 €
Status: Executed -
ENVIRONMENT
Ibiza Modernises Its Waste Transfer Station
The plant will boost its capacity and efficiency to tackle rising waste in summer
Ibiza
2.234.434 €
Status: In execution -
ENVIRONMENT
Investment in the modernisation and adaptation to climate change of agricultural holdings
Project aimed at improving the competitiveness of the primary sector in the Balearic Islands to promote its economic viability in a context of climate change.
Mallorca, Menorca, Ibiza, Formentera
6.000.000 €
Status: In execution
