Commission and European Investment Bank launch two new financial instrument schemes for REPowerEU and the New European Bauhaus
The European Commission Directorate for Regional and Urban policy and the European Investment Bank have launched two new model financial instruments in support of the REPowerEU and New European Bauhaus initiatives. Announced jointly by EU Commissioner for Cohesion and Reforms, Elisa Ferreira and Lilyana Pavlova, EIB Vice-President, the models give options on how to combine EU grants together with loans on favourable terms, to finance investments in support of energy efficiency and territorial development investments.
The models provide an incentive for local authorities as they will be backed by a major commitment of Cohesion policy resources by the European Commission, to support the use of financial instruments to meet the objectives of the Green Deal. In combining EU Funds and other public resources with loan financing from the EIB and other financial intermediaries, more financing becomes available for green projects, in line with both the EU’s Green Deal and associated initiatives, and the EIB’s Climate Bank Roadmap.
The two models are available online; one for energy efficiency investments under REPower EU, and one for projects associated with the New European Bauhaus initiative.
For more information, interested parties are invited to contact FI-Compass through Info@fi-compass.eu
Further information: HERE