The Investment Plan for Europe Supports Investments of 35 Million Euros in a New Fund for the Blue Economy

The European Investment Fund approved a grant of 35 million euros for the initial capital of Ocean 14 Capital. This is the first investment fund exclusively dedicated to the blue economy under BlueInvest, a joint initiative of the Commission and the European Investment Fund. The European Investment Fund’s investment is guaranteed by the European Fund for Strategic Investments, the main pillar of the Investment Plan for Europe. The new blue economy fund is a unique combination of maritime economy and knowledge for nature protection that comes from Ocean 14 Capital, a private equity investment company focused on the United Nations Sustainable Development Goal number 14, which aims to conserve and sustainably use the oceans, seas and marine resources for sustainable development. The Ocean 14 Capital fund will target investments in technologies and companies that are in the development stage and promote sustainable fishing, aquaculture and alternative proteins, as well as ocean conservation and health, including marine flora and solutions for plastic waste