Baps, 150 million for the Sicilian agro-industry
2' min read
2' min read
It is a time of great ferment for Sicilian agriculture. The Region has just signed a EUR 150 million memorandum of understanding with the Banca Agricola Popolare Siciliana to promote access to credit for local agricultural and agro-industrial companies. Thanks to this instrument, the institute created less than a year ago through the merger by incorporation of the two popular Sicilian banks (Ragusa and Sant'Angelo) is committed to facilitating access to credit for Sicilian companies in the three-year period 2025-2027, through dedicated solutions that favour sustainability, innovation, and the international competitiveness of the sector.
The ceiling will be able to support projects in key areas such as regenerative agriculture, digitisation, efficient water use, renewable energy, logistics and industrial transformation, with a focus on young farmers and environmental sustainability.
"Against a backdrop of climate change and market volatility, the Sicilian agri-food sector needs agile, timely and well-calibrated tools to continue growing and innovating," says Salvatore Barbagallo, the councillor for agriculture.
Bando Pac for young farmers
The PSP (National Strategic Plan of the CAP) call for applications in support of the Sicilian agricultural sector also closed with just under 1,700 applications. A total of 1,696 applications were accepted by Sian (National Agricultural Information System) for the 'Settlement of Young Farmers' measure. The measure has a budget of 78 million euro.
A total of 317 applications were accepted for the 'Road networks serving rural areas' measure and 161 for the 'Settlement of new farmers' call. The two measures have a budget of 65 million and 20 million euro respectively. Finally, 164 applications were accepted for the measure 'Investments in agricultural holdings for diversification into non-agricultural activities'.
