The Food Business Investment Scheme (FBIS) is designed to help primary producers of agricultural products in Wales add value to their outputs.
The investments made through the FBIS and Rural Business Investment Scheme (RBISF) are considered flagship interventions by Welsh Government to achieve their policy objectives to generate growth in the sector, increase sustainability and food security through building and advancing capital assets.
The scheme had achieved four of the five Key Performance Indicator (KPI) targets focusing on outcomes associated with generating positive economic impacts, such as product development and job creation.
In total, 41% of beneficiaries reported that their projects have generated positive environmental impacts with respondents typically citing energy efficiencies within their new processes, the introduction of renewable energy and switching to lower carbon technologies, and improvements to their recycling processes and improved waste management
The evaluation finds that the FBIS and RBISF interventions have supported millions of pounds of investment in the processing infrastructure, leading to improved equipment and facilities, thereby enabling businesses to grow over the time period considered.
For more information visit Welsh Government Website.