Project activities: The EUCF is a European initiative to support municipalities, local authorities and their groupings across Europe to develop investment concepts to accelerate investments in sustainable energy. EUCF finances services and activities to support the development of the investment concept, such as (technical) feasibility studies, market analysis, stakeholder analysis, legal, economic and financial analysis, risk analysis and the coordination and organization activities. The grant is hence not meant to directly finance investments. It is used to access services and develop an investment concept, which might become a door-opener for many follow-up investments.
Local authorities and their groupings have made great commitments to significantly reduce their energy consumption and greenhouse gas emissions. However, when trying to implement their ambitious climate and energy action plans, they often face financial constraints, as well as a lack of capacity to access the right financing. The EUCF steps in here and supports municipalities and local authorities to transform their climate and energy action plans into real investment in developing credible, robust and sufficiently mature investment concepts. Such concepts, which should include the identification of potential project pipelines, legal analysis, governance analysis, basic financing strategy, and roadmaps for implementation, are a prerequisite to accessing different sources of funding.
- provide technical and financial support to cities to deliver credible and scalable investment concepts, which will trigger more than 320 million euros of public and private investment.
- build the capacity of public authority staff members to develop substantial project pipelines, in order to facilitate the implementation of investment concepts via innovative financing mechanisms.
- facilitate access, especially for small and medium-sized municipalities, to private finance, EU funding streams and similar facilities, as well as advisory services to help implementing and amplifying the expected investments.
- showcase beneficiaries’ successful investment concepts to encourage replication and to catalyse further action across European cities.
Project home page: https://www.eucityfacility.eu/home.html
Contact person in TREA: Martin Kikas (email@example.com)
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