10.07.2013€3.8 billion investment in biobased industries to boost growth and jobs in Europe
The Biobased Industries Consortium (BIC), a cross sector group of 48 large and small companies, has joined forces with the European Commission to set up an unprecedented Public-Private Partnership worth €3.8 billion to accelerate the deployment of biobased products in Europe by 2020.

Today in Brüssel, the European Commission published a communication document about investing in partnerships in research and innovation under Horizon2020. The public-private partnerships proposed today are in form of Joint Technology Initiatives (JTIs). They represent the joining of forces between the EU and industry and provide vital funding for large-scale, longer-term and high risk/reward research. Most of the investment will come through five JTIs, which includes Bio-based Industries (BBI): to use renewable natural resources and innovative technologies for greener everyday products. In total, this Innovation Investment Package represents an investment of €22 billion into Europe's future. Over the next seven years, the EU's contribution of €8 billion will mobilise €10 billion from the private sector and close to €4 billion from Member States. BBI has a total budget of €3.8 billion with €1 billion from EC and €2.8 from industrial partners.

CLIB is a member of BIC representing 7 SMEs from the cluster and has been involved from very beginning of the Biobased Industries PPP. Through active contributing in 3 of 4 working groups of BIC, CLIB is able to represent the interest of the cluster itself as well as the members especially the committed SMEs. We are delighted to be a part of this program and congratulate what the consortium has achieved so far for boosting the growth and jobs in BBI in Europe.

The proposals will now need to be agreed by the Council of the EU and the European Parliament. They are also subject to the agreement of the overall legislation for Horizon 2020 by the European Parliament and the Council of the EU. The Commission has presented the legislative proposals today in order to allow the Council and the European Parliament sufficient time to reach agreements for the start of Horizon 2020 at the beginning of 2014.