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Agribusiness in Flanders
Home to businesses in all areas of agriculture, Flanders happens to be the biggest R&D hub in Europe when it comes to plant biotechnology. The region is also responsible for 75% of Belgian agriculture, considered a global leader in intensive farming, features income per hectare that is significantly higher than the EU average. Agriculture, food and supportive bio industries are extremely big in the region, which boasts diverse companies from startup all the way to mature global firm.
It’s not just the presence of agricultural companies in the region that is important – the presence of supportive scientific research and innovation is also key to the thriving agribusiness industry in Flanders.
With the growing trend towards a biobased, circular economy, Flanders is poised to provide the greatest benefits and reap the greatest rewards. Its focus on the production and processing of renewable resources, agricultural research and innovation in agricultural technologies and sciences make the region an ideal place for any industry that touches agribusiness.
- commodities and chemicals suppliers
- food production
Agribusiness is big in Flanders, and it’s connected to a wide range of industries, initiatives and research fields. In particular, Flanders boasts solid expertise in domains such as green biotech, the biobased economy, the food industry, and life sciences.
Companies with or deciding to set up their activities or headquarters in Flanders can reap the rewards of:
- various government grants and subsidies for transformation, ecological, R&D and growth investments;
- unique tax incentives for various types of business activities and investments;
- a set of employment subsidies to further reduce your salary costs as well as fiscal remuneration advantages;
- a number of funding options to help you get off the ground.
Flanders offers several incentives that are particularly relevant to research-intensive industries like ag-biotech. Examples include:
- innovation income deduction – up to 85% of a firm’s net earnings from innovation is tax exempt;
- investment deduction for R&D – 13.5% of acquisition value/qualifying asset or 20.5% of the depreciated amount;
- exemption of payment of 80% – of the personal income withholding tax of researchers in certain scientific fields.
- … the food industry is the largest employer in Flanders?
- … Gent University was the source of the first ag-biotech company in the world (Plant Genetic Systems)?
- … pork and dairy farming are the largest agricultural subsectors in the region?