JOBS & GROWTH

3. Create jobs and growth in the circular bioeconomy

With value chains that mobilise available and potential local feedstock,
making products that meet demand and benefit all actors.

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IN 2050

Industry creates jobs in rural, coastal and urban areas, uplifting local economies:

Expanding bio-based activities across Europe, providing new or additional income for actors in the primary sectors1, creating vibrant sustainable communities in rural, coastal and urban areas.

Assisting municipalities and urban environments in valorising residual streams, avoiding landfill and providing new income for municipalities and actors in ‘waste management’.

Applying biotechnologies jointly with other disciplines for new and innovative industrial activities.

Creating employment opportunities across the full set of skills and competences needed in a multidisciplinary, diverse and innovative bio-based sector across rural, coastal and urban areas.

1The primary sectors include agriculture, food and feed production, horticulture, forestry, the blue economy and sustainable aquaculture.

Expanding bio-based activities across Europe, providing new or additional income for actors in the primary sectors1, creating vibrant sustainable communities in rural, coastal and urban areas.

Assisting municipalities and urban environments in valorising residual streams, avoiding landfill and providing new income for municipalities and actors in ‘waste management’.

Applying biotechnologies jointly with other disciplines for new and innovative industrial activities.

Creating employment opportunities across the full set of skills and competences needed in a multidisciplinary, diverse and innovative bio-based sector across rural, coastal and urban areas.

1The primary sectors include agriculture, food and feed production, horticulture, forestry, the blue economy and sustainable aquaculture.

Innovative value chains include actors as strategic partners from primary sectors to markets:

Participating primary sector actors are co-designers of value chains and their outputs, sharing the benefits thereof in rural, coastal and urban areas.

  • Stimulating additional plant-based poduction of food, feed and materials.

Enabling brand owners to lead the conversion to bio-based applications by informing citizens and increasing their awareness of sustainable bio-based alternatives.

  • Creating added-value for consumer products and services that perform better than fossil-based
    alternatives based on life cycle sustainability assessments2, and performance testing results for functionalities
  • Sharing value and risks with all participating sectors.

2The primary sectors include agriculture, food and feed production, horticulture, forestry, the blue economy and sustainable aquaculture.

Participating primary sector actors are co-designers of value chains and their outputs, sharing the benefits thereof in rural, coastal and urban areas.

  • Stimulating additional plant-based poduction of food, feed and materials.

Enabling brand owners to lead the conversion to bio-based applications by informing citizens and increasing their awareness of sustainable bio-based alternatives.

  • Creating added-value for consumer products and services that perform better than fossil-based
    alternatives based on life cycle sustainability assessments2, and performance testing results for functionalities
  • Sharing value and risks with all participating sectors.

2The primary sectors include agriculture, food and feed production, horticulture, forestry, the blue economy and sustainable aquaculture.

Sustainable financing and investment to support the bio-based sector:

Building a framework that communicates the level of risk versus success (risk/reward ratios) for investors facilitating their entry at different stages in the development process of new bio-based value chains.

Financing green/sustainable investments preferentially, by private and public investors.

Promoting investments that enhance collaboration across the whole research and innovation chain, thereby improving the likelihood of research developing into demonstration projects.

Supporting funding from EU regional development funding instruments.

Incorporating operational efficiency and services, such as precision farming, process intensification, digitalisation, artificial intelligence and data science (including big data management and analysis)

Running large- and small-scale operations and modular processing systems that facilitate an efficient industrial ecosystem and enable SME participation throughout value chains

Spurring new business models that better integrate primary sectors and market actors and are fully operational across Europe.

Supporting funding from EU regional development funding instruments.