EIB backs Spanish start-up with €20M for plant-based development
Summary
BAKU, Azerbaijan, May 13. The European Investment Bank (EIB) has signed a 20 million euro loan agreement with Heura Foods, a Barcelona-based start-up specializing in plant-based food innovation, Trend reports.According to the bank, the financing will support the companys research, development, and commercialization of sustainable, high-protein alternatives to meat, cheese, and other animal products.Heura plans to use the funds to advance its R&D program, focusing on legume-based proteins and healthy fats to replace saturated fats and cholesterol in processed foods. The investment will also help scale production by financing new equipment for the companys laboratories and its manufacturing partners in Spain.The EIB loan is backed by InvestEU, the European Unions flagship program aimed at mobilizing over 372 billion euros in additional public and private investment between 2021 and 2027.The initiative aligns with the EUs goals of promoting sustainable food systems and strengthening Europes bioeconomy sector.