European Commission Press Release February 8, 2018
The European Commission is looking for entrepreneurs active in the blue economy to take part in a high-profile event aimed at matching cutting edge companies with public and private investors. #BlueInvest 2018, the first European event of its kind and hosted by Karmenu Vella, Commissioner for Environment, Maritime Affairs and Fisheries, will take place on 17 May in Brussels.
The global blue economy, which covers all activities making use of the ocean’s resources – from fisheries, to renewable energy to biotechnology, is set to grow at twice the rate of the mainstream economy by 2030. For Europe, this could mean 10.8 million jobs and nearly 1 trillion euro in turnover. It could mean cleaner energy, new health benefits, dependable food. But the needs for investment are huge and many innovative companies lack the financial backing to grow and bring their products and services to the marketplace.
Commissioner Vella is determined to help: “Our ocean is a source of food, medicine, energy and so much more. The European Commission wants to boost companies that see the ocean as an opportunity. Access to finance is the passage to sustainable growth. We want to go beyond merely funding and actively match companies with potential investors. I believe this will shine light on this rapidly developing sector and create opportunities for jobs creation, economic growth and the sustainable development of the blue economy.”
The event follows on to the 2017 Our Ocean conference, where the EU pushed blue growth higher on the international agenda and helped to mobilise the corporate sector. It also dovetails with the priorities set by Commission President Jean-Claude Juncker, namely to improve the EU’s overall business environment by removing barriers to investment and promoting sustainable finance.
Source: European Commission