The Agency for Renewable Resources (German: Fachagentur Nachwachsende Rohstoffe e.V. or FNR), was founded in 1993 as a government initiative intended to support research and development in the area of renewable resources. As a project managing organisation, the FNR answers to the Federal Ministry of Food and Agriculture (abbreviated BMEL in German). In May 2015, the BMEL announced the new ‘Renewable Resources’ funding programme. The Agency for Renewable Resources (FNR) has been entrusted with managing the programme. Currently, around 600 projects with a budget of 193 million euro are being funded by the FNR.