Funding and financing opportunities: Two new leaflets to guide you!

10.07.2020
By Marketplace Editorial
EIP-SCC news

The Covenant of Mayors - Europe Office develops publications that help cities and towns get a better understanding of the financing and funding solutions at their disposal, and how they can make use of them.

Here are the two latest financing leaflets!

Financial Institutions Instruments

Financial instruments are a type of financing often characterised by the combination of EU funds and public or private sector finance, above all banks, but also credit unions, savings, and loans associations or investment companies. Such a cooperation aims to trigger investments on the ground to deliver policy objectives, such as economic, social and territorial cohesion and support environmental policy, such as climate action.

  • Collaborating with the European Investment Bank
  • The investment plan for Europe: The European Fund for Strategic Investment (EFSI)
  • Advisory hub and other EIB advisory services
  • EIB Natural Capital Financing Facility
  • The role of national promotional banks

EU Funding Programme

Many of the signatories to the Covenant of Mayors for Climate & Energy use European funding programmes and grants to co-finance part of their Sustainable Energy and Climate Action Plans (SECAP) development or implementation.

About 80% of EU funding is granted through programmes managed in the EU countries themselves through structural funds. However, some funds are directly handled by the European Commissions or dedicated agencies and secretariat, through calls for proposals which are part of dedicated funding programmes.

The managing authorities or the National Contact Point at national level can help you get familiar with each of these funds and understand how to apply. You can also check the funding page of the Covenant of Mayors to get to know better each of these funds.

Download the two leaflets here