Work is now in progress to implement the decision.
The need for the pre-financing of Bible production arises from a number of factors. In areas such as printing and binding, Bibles are more complicated to produce than many other books and so production takes longer. Because of the high level of technology their production requires, Scriptures are often printed in a country other than their ultimate destination. The EPF effectively acted as a loan fund to Bible Societies, setting up finance plans under which they would repay the costs of production. The EPF was set up in 1969 by 12 Bible Societies in Europe, under the auspices of the UBS, to facilitate the financing of Scripture productions.