For a complete overview of the financing opportunities for local authorities, visit the Reference Guide of the Covenant of Mayors initiative.
European financial support
| European Regional and Development Fund, Cohesion fund: find your country’s Operational Programme for 2014-2020 here. | EU28 Local authorities can be benificiaries (but also SMEs, associations and NGOs). ERDF is managed via your Managing Authority. Get in touch to find out how to get co-financing of your EE project, but also guarantees, loans, (quasi-) equity participation and technical assistance support. |
| Horizon 2020 (2016-2017 Research and Innovation Work Programme) | Under the 'secure, clean and efficient energy' chapter, different calls for proposals focus on buildings and financing topics. Calls relevant for sustainable energy can be found here. |
| Technical Assistance and Project Development Assistance (PDA) |
ELENA: managed by the European Investment Bank, that provides grants (90%) for technical assistance to launch large-scale sustainable energy investments (>€30 million). Leverage factor of 1:20 (€1 needs to mobilise €20). PDA under Horizon 2020 (call EE22) available for smaller project sizes (€6-50 million) and covers 100% of the eligible costs. Leverage factor of 1:15. |
| European Energy Efficiency Fund (EEEF) | The Fund operates as a dedicated bank to provide tailor-made debt and equity instruments for local and regional authorities. |
| European Fund for Strategic Investments (EFSI) | A guarantee of €16 billion should cover first losses of higher-risk projects and an additional €5 billion allocation of EIB capital to co-invest. this should trigger private investments of €315 billion. |
| The Renovation Loan | The renovation loan is an ESIF instrument that aims to combine public and private money for energy efficiency investments between €5-30 million. It provides access to finance at preferential conditions for loans up to 20 years maturity |
| Integrated Territorial Investment instrument (ITI) | The ITI is another vehicle to leverage ESI funding and provides an option for Member States to combine infrastructure investment in energy efficiency and training staff |
| Private Financing for Energy Efficiency Investment (PF4EE) | Under the EU's LIFE programmme together with the EIB, this pilot financial instrument will co-fund energy efficiency programmes. Currently this pilot programs started collaborations with local commercial banks. |
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