Socio-economic impact

Since its inception in 2014, the BBI JU has contributed to developing a sustainable bio-based industry sector in Europe, providing environmental and socio-economic benefits for European citizens. In particular, BBI JU projects have contributed to:

Creating jobs: 82% of ongoing projects result in the creation of new skilled jobs. In particular, 62% of projects create jobs in rural and coastal areas. 70% of these jobs are in product development and engineering. Only the first nine flagship biorefineries funded by BBI JU will generate more than 3,300 direct and more than 10,000 indirect jobs.

Leveraging investments: the first nine BBI JU flagship projects will mobilise €1.2 billion contribution from the private sector for a BBI JU funding of about €195 million. By 2024, the total industry’s participation in BBI JU projects is expected to be nearly three times higher than the BBI JU funding.

Fostering collaboration: 80% of the projects increase the cooperation between academia and industry, as well as across regions and countries, paving the way for further bio-based developments. BBI JU supports collaborations between actors that would not interact otherwise. Nearly 70% of all projects are active networkers within the scientific community.

Boosting innovation: 80% of projects create knowledge and come up with scientific breakthroughs. 41% have produced new patents and IP rights, and 11% created spin-offs and start-ups.