Financial instruments and grants combination for energy efficiency of multi-apartment buildings in Latvia

This case study highlights Latvia’s Energy Efficiency Programme for Multi-apartment Buildings (EEPMB) which used 2014-2020 ERDF resources and combined two financial instruments (a guarantee and a loan) with grants to support energy renovations in residential multi-apartment buildings. Managed by Altum, Latvia's state development finance institution, the programme supported renovation of 624 projects.

After the end of the eligibility period of the EEPMB, the continuity of support for energy efficiency in multi-apartment buildings was ensured through a successor programme with RRF resources, with the addition of a capital rebate for repayment of part of the loan principal. Once RRF resources are exhausted, 2021-2027 ERDF funds will continue to provide support, ensuring no disruption in financial assistance to final recipients.