Farm for Good & ImpaktEU ›

Fact panel

The what: Farm for Good, a C-type company

Problem addressed

In the conventional agri-food system, small farmers face systemic challenges when transitioning to sustainable practices. Industrial supply chains prioritize volume and low cost, making it hard for agroecological producers to obtain fair prices and market access. Moreover, shifting from intensive agriculture to regenerative methods entails financial risks, knowledge gaps, and a need for peer support. Prior to Farm for Good’s creation, individual Belgian farmers trying to go organic or conserve soil often lacked a supportive network and struggled to sell their higher-quality, sustainable produce competitively. This led to slow adoption of regenerative agriculture, despite the urgent environmental need for practices that restore soils and biodiversity.

Solution provided by Farm for Good

Founded in 2020 in Wallonia, Farm for Good began as an informal coalition of like-minded farms committed to agroecology. Its mission is to support regenerative organic agriculture, regional cooperation, and a solidarity economy. The organization offers hands-on agronomic support through a team of expert advisors, helping farmers implement practices like soil regeneration, biodiversity restoration, and resource conservation.

Crucially, the cooperative arm aggregates the harvests of its member farms and pre-finances those crops, then connects these producers with local processors and buyers. By doing so, Farm for Good guarantees farmers a fair, stable price for its outputs and establishes local supply chains. Starting with just 4 founding farms, the network includes over 100 farms across Belgium in 2025, covering close to 10,000 hectares. This community-driven, cooperative model addresses both environmental and social facets of the food system: it improves soil health and reduces chemical inputs, while also boosting farmers’ remunerations and resilience through collective action and knowledge-sharing.

The how: ImpaktEU, an impact investment fund

General presentation of ImpaktEU

ImpaktEU is an impact-first fund launched in 2022, focused on improving financial and social inclusion in Europe. The fund focuses on underserved sectors where traditional finance falls short, such as inclusive finance (microfinance institutions, ethical banks) and social enterprises addressing gaps in housing, agriculture, and professional inclusion. ImpaktEU provides patient long-term capital in the form of senior and subordinated loans, convertible loans and occasional equity, typically investing €300k-€1M with flexible maturities up to 8 years. By steering resources toward innovators in areas like financial inclusion, sustainable food and agriculture, and affordable housing, ImpaktEU seeks to make Europe’s economy more inclusive and sustainable. In essence, the fund fills a critical financing gap for impact-driven organizations that mainstream banks or VCs may consider too risky or small.

Intentionality

Jointly created by Funds For Good and Inpulse, ImpaktEU was conceived as an “impact-first” fund under Article 9, meaning generating positive impact is a core objective alongside financial return. ImpaktEU’s objective is to make Europe’s financial ecosystem more inclusive and environmentally sustainable. The fund has detailed its impact objectives in a Theory of Change. It sets measurable targets and serves as a compass in its investment analysis. ImpaktEU’s governance is also structured to uphold its mission: an ethical committee composed of investors and independent experts reviews investments to ensure they align with the objectives of the Theory of Change, safeguarding intentionality and preventing mission drift.

Impact Measurement and Management

Robust impact measurement and management is key to ImpaktEU’s approach, ensuring that intended outcomes are actually delivered and transparently tracked. Upon launch, the fund established a Theory of Change mapping how its investments lead to societal benefits, and it set up processes to monitor those outcomes.

The fund has established 6 leading impact KPIs that are measured regularly and reported through the existence of the fund. They guide the investment strategy and are assessed at each new investment, by the ethical committee. They are slightly different for financial institutions and social enterprises and relate to: the number of jobs created/preserved, the number beneficiaries that are the base of pyramid (BOP), the level of formalized IMM practices, the amount dedicated to green loans and the improved access to goods and services responding to basic social needs (employment, food, housing).

Additionality

An essential hallmark of ImpaktEU’s is the additionality it brings, both financial and non-financial. On the financial side, ImpaktEU provides patient capital, with flexible reimbursement terms to support long-term impact generation. The fund aims to be complementary to equity investors and more traditional commercial lenders by completing the financing mix with quasi-capital. Moreover, it focuses on underserved needs of impact-first organizations and financing gaps. On the non-financial side, ImpaktEU and its partners (Funds For Good and Inpulse) offer a range of expertise to their investees, as well as a wide network.

More information

• Farm for Good
• ImpaktEU
• Impact Report ImpaktEU
• Funds for Good
• Inpulse Investment Manager
• ImpaktEU’s Theory of Change