FASI: Funding Aid Strategies Investments

A new call for proposals under the Public Sector Loan Facility

Flickr: Windwärts EnergieThe European Climate Infrastructure and Environment Executive Agency (CINEA) has launched a new call for proposals that will try to resolve social, economic and environmental issues deriving from the European Union's 2030 climate and energy targets. The general approach is to benefit European Member States' territories part of the Territorial Just Transition Plans.

The call is part of the Public Sector Loan Facility, the third pillar of the Just Transition Mechanism (that will mobilize around 55 billion euros for the period 2021-2027), supports projects that want to address challenges deriving from the transition to the EU 'green goals' and the objective of climate neutrality by 2050.

 Objectives

Projects related to a wide range of sustainable investments may be funded if selected by the call for proposals, such as:

  • investments in renewable energy and green and sustainable mobility, including the promotion of green hydrogen;
  • efficient district heating networks;
  • public research;
  • digitalisation;
  • environmental infrastructure for smart waste and water management;
  • sustainable energy, energy efficiency and integration measures, including renovations and conversions of buildings;
  • urban renewal and regeneration;
  • the transition to a circular economy;
  • land and ecosystem restoration and decontamination, taking into account the
    ‘polluter pays’ principle;
  • biodiversity;
  • up-skilling and re-skilling, training;
  • social infrastructure, including care facilities and social housing.

Infrastructure development may also include cross-border projects and solutions leading to enhanced resilience to withstand ecological disasters. The call highlights that a comprehensive investment approach should be favoured, in particular for territories with important transition needs.

Proposals involved in sectors of nuclear energy, tobacco manufacturing, and fossil fuel production are excluded.

Forms of financing

Applicants will receive blended support in the form of:
- a grant provided by CINEA (covered by this call)
- a loan provided by the European Investment Bank (EIB) (or one of its financial
intermediaries), to be applied for separately to the EIB/financial intermediary managed as a linked action to the grant.
The grant will be given as a fixed lump sum of 15% of the loan component (or 25% if the project is located in a less developed region within the meaning of Article 108(2) of the CPR Regulation 2021/10605 and Decision 2021/11306).

Budget and deadline

The available call budget is 1.459.500.000 euros for the 4 years' period of the call. The first cut-off deadline is set on October 19, 2022, with the evaluation period between October 2022 and January 2023 (month in which results will be announced).

Links

Public Sector Loan Facility JTM-2022-2025-PSLF

The Just Transition Mechanism