Why is the BBI needed, why a public-private partnership?

A European public-private partnership is needed to de-risk an emerging industry. It will help pooling resources together from public and private sectors, in order to create a common platform that will allow for the leverage of further investment in the bio-based industries. It will also allow the industry to get organized along the bioeconomy value chain.

The BBI provides for:

  • A clear framework that brings clarity for activities & investments
  • Long term stability and predictability
  • A joint approach, across sectors and geographies
  • Joint financial commitment and a jointly defined programme that unite parties who would otherwise find these activities to be too risky for an individual sector/company to carry out on its own
  • The ability to leverage additional investments.