The Valencian Finance Institute (IVF) has reaffirmed its support for the Valencian company Veganic, accompanying its growth process through two loan operations co-financed with resources from the Comunitat Valenciana FEDER Programme 2021–2027, with a total value of €1.3 million.
These loans have supported the company throughout the early stages of the project’s development, from the initial technological developments and validations to its current phase of business growth and scaling.
Veganic is a Valencian company based on technology applied to the agri-food sector, with a growing team and a strong commitment to innovation, sustainability and productive efficiency.
As highlighted by the IVF’s General Director, Enrique Montes, after visiting the company’s facilities in Paterna, “in a short period of time, this company has managed to position itself with high value-added proposals, especially in the field of the green transition, perfectly aligned with the economic model we promote in the Valencian Community and with the strategic priorities established by Europe.”
The IVF’s financial support has enabled Veganic to drive new technological developments, expand its production capacity and advance the implementation of more efficient and environmentally friendly processes, thus supporting the evolution of the business project.
“Our support has materialised through financing instruments co-financed by the Comunitat Valenciana FEDER Programme 2021–2027, which help strengthen the activity of innovative and technological companies with a direct impact on the Valencian economy,” said Montes.
“Veganic is an example of an innovative Valencian company in a growth phase, competing on the basis of values such as technology and sustainability,” added the General Director, “and from the IVF we have supported its development with European financial instruments adapted to the different stages of the project.”
In this regard, Montes explained that the financial instruments offered by the IVF with European resources allow the Consell to strengthen key sectors of the Valencian economy, encouraging the implementation of sustainable solutions and the creation of quality employment. “Europe is committed to this type of initiative and from the IVF we channel that commitment towards the Valencian productive sector,” he stressed.
More than €20 million across 75 projects
Since the launch in 2024 of the financial instruments co-financed by the Comunitat Valenciana FEDER Programme 2021–2027, the IVF has already approved 75 operations worth more than €20 million. These are projects with a high innovative and technological component, many of them linked to the development of automation, digitalisation and sustainability.
“The project developed by Veganic fits perfectly within this strategy to strengthen the Valencian productive fabric, especially those companies driving innovation and generating competitive advantages aligned with the European objectives of the green and digital transition,” said Enrique Montes.
The visit allowed the IVF team to gain first-hand knowledge of the company’s facilities, lines of work and the progress achieved thanks to the financial backing received, highlighting the impact of European financial instruments in boosting innovative business projects during their early growth stages
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