Source: European Investment Bank
To help meet the growing demand for protein-rich dairy substitutes, the European Investment Bank signed a €35 million loan with Formo in January 2025.
“This project supports the EU’s Farm to Fork Strategy, which promotes the transition to more sustainable food systems,” adds Machado Mendes. “It’s one of the reasons we stand behind it.”
Backed by the European Union’s InvestEU guarantee programme, the EIB investment enables Formo to continue developing its fermentation processes and produce more alternatives to products such as milk and eggs.
“It’s a clear indication of our growing role in the bioeconomy,” says Alberto Casorati, the loan officer overseeing this initiative at the European Investment Bank. “Formo is bringing an innovative, sustainable product to the EU market, catering to a broad range of consumers, including those who are lactose intolerant or follow a vegan diet.”