A group of Canadian investment and protein firms is looking to raise $200 million in equity capital to finance the next generation of plant-based food processors, according to Real Agriculture. The consortium, led by Bellwood Partners and Champlin Advisory, ultimately aims to build a pool of capital exclusively for the domestic processing sector, says Protein Industries Canada (PIC). To achieve that, the group will first consult an advisory board to identify major barriers to raising capital for plant-based processing. PIC and its partners are expected to contribute $2.4 million to the equity fund, with the larger consortium program contributing an additional $1.8 million.
£35bn meat subsidies accused of undermining US and EU climate pledges
By Sarah George The US and EU paid £35bn of subsidies to meat and dairy farmers between 2014 and 2020, compared with just £33m of public spending on plant-based alternatives. This is...
