Brussels, 03/08/2010 (Agence Europe) - On Monday 2 August, the European Investment Bank (EIB) decided to support research and development at John Deere plants in Germany and France, including initiatives to lower emissions from agricultural equipment. The loan is part of the European Investment Bank's broader financial support for innovation and aims to promote long-term investment in low emission and fuel efficient engine technology across the European transport and engine sector. Research and development activities covered by the loan form part of John Deere's innovation programme from 2009-2012. The project, according to the EIB, will benefit existing research employment and enhance cooperation with specialised agricultural research institutions. The loan borrower is John Deere Cash Management, a wholly-owned subsidiary of Deere & Company.