Grant to finance the project development costs associated with setting up investment programmes covering circular economy on a local and regional scale.
Main purpose: The EU seeks to facilitate the transition towards a circular economy by financially supporting the development of the technical, economic and legal expertise needed in the project development phase of investment programmes covering circular economy on a local and regional scale. Ultimately, projects should demonstrate the financial viability and sustainability of circular economy investment projects at local and regional scale and trigger further market replication.
The EU will pay for those activities necessary to prepare and mobilise finance for investment programmes, such as feasibility studies, stakeholder and community mobilisation, business plans and preparation for tendering procedures or setting up a specific financing scheme/financial engineering.
Projects results are expected to contribute to all the following expected outcomes:
- Delivery of innovative financing schemes that are operational and ready to finance circular economy investments at local and regional scale;
- Delivery of a series of sustainable circular economy projects and innovative financing solutions/schemes at local and regional scale across Europe;
- Demonstration of innovative and replicable investment financing solutions, documenting feedback/uptake from potential replicators.
All projects should demonstrate a high degree of replicability and include a clear action plan to communicate experiences and results towards potential replicators across EU Member States and Associated Countries.
Indicatively, the CCRI-PDA focuses on small and medium-sized circular economy investments of up to EUR 20 million. Moreover, the EU contribution per proposal should not exceed 10% of the respective investment.
The CCRI-PDA will be included in the instruments implementing the European Commission’s Circular Cities and Regions Initiative (CCRI). It will be carried out in close coordination and cooperation with the CCRI.
Programme: Horizon Europe Framework Programme (HORIZON)
Institution: European Commission
Budget: EUR 10,000,000
Financing type: Action grant
Who is eligible: public and private organisations