The European Commission (EC) and the European Investment Bank (EIB) made a major joint announcement of the launch of two new model financial instruments to support the REPowerEU and New European Bauhaus initiatives, on 20 June 2022.
Elisa Ferreira, European Commissioner for Cohesion and Reforms, opened the event by underlining the importance of mobilising private investments in order to achieve EU climate and energy efficiency targets. She said that the two new model financial instruments, the New European Bauhaus territorial development model (NEB TDM) financial instrument and the Model for a financial instrument with a grant component to support energy efficiency, ‘are yet another example of how Cohesion Policy is boosting the European Green Deal. The combination of grants and loans in these models can leverage these investments and encourage deeper renovations and a more sustainable, inclusive and aesthetic territorial development’.
Watch the online event recording:
EIB Vice-President Lilyana Pavlova stated that the EIB is committed to stepping up its support for Europe’s energy sector through the Bank’s lending, fund management and advisory activities: ‘our combined package of support can play a crucial role in speeding up the transition to a low-carbon economy’.
The joint announcement was accompanied by contributions how financial instruments are used in Portugal, Slovakia and Bulgaria and what potential they have to support Cohesion policy in the 2021-2027 programming period.
The subsequent fi-compass thematic workshop focussed on the key features of the new model financial instruments that will support the REPowerEU and New European Bauhaus initiatives. The workshop provided an early opportunity for participants to learn more about the model financial instruments and ask questions to fi-compass experts from the Directorate-General for Regional and Urban Policy (DG REGIO) and the EIB on how the model financial instruments may be implemented in the 2021-2027 programming period.
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The audio in the video files is in original language of the speakers. The English interpretation is available as audio files.
| Title | Speakers | ||
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Financial instruments supporting Cohesion policy in Portugal | Ana Abrunhosa, Minister of Territorial Cohesion, Portugal |
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Financial instruments supporting Cohesion policy in Bulgaria | Iva Petkova, Director, Sustainable Cities Fund, Bulgaria |
New European Bauhaus territorial development model (NEB TDM) financial instrument
The final version of the New European Bauhaus territorial development model (NEB TDM) financial instrument has been published as a Commission Staff Working Document.
The model financial instrument aims to provide managing authorities implementing cohesion policy programmes with the building blocks, they could use to set up and implement the financial instrument supporting the New European Bauhaus projects in the 2021-2027 period based on the Common Provisions Regulation (CPR).
Model for a financial instrument with a grant component to support energy efficiency
This model financial instrument allows managing authorities to support energy efficiency projects that combine grants with loans in a single financial instrument operation.
Model financial instruments are intended to provide a non-exhaustive insight into the potential for managing authorities to use the new flexibilities in Article 58 of the Common Provisions Regulation (CPR).
