The second call of the European City Facility (EUCF) closed on 31st May, counting a total of 221 applications from all across Europe. The highest number of applications in the 2nd call came from Southern Europe (40%) followed by Central and Eastern Europe (37%) and Nordic countries & Western Europe (23%). As can be seen from the visual on the right, the highest numebr of applications came from Italy, Poland, Portugal and Spain.
Out of the 221 applications, 69 projects will be selected as EUCF beneficiary, to receive a lump sum of EUR 60.000 for the development of an investment concept for their local sustainable energy project. Successful EUCF beneficiaries will then use the grant to create investment concepts, including (technical) feasibility studies and a variety of key analyses focusing on their projects and the overall market, stakeholders, legal, economic and financial aspects. The grant is not meant to directly finance investments and is rather used to access services and develop an investment concept, which may open doors for follow-up investments.
The EUCF evaluation team will now evaluate the submitted applications and select the 69 beneficiaries. Evaluation is based on five criteria: investment size, energy savings, governance structure, stakeholder engagement and alignment with EUCF objectives. The results will be communicated to the selected applicants in August and will be published in October 2021.
Next EUCF Call (3rd edition) is foreseen to open in late October 2021 with a closing deadline at the end of December 2021.
EUCF also announced that it is participating at the Covenant of Mayors Investment Forum, which is being held virtually on June 15- 16th. The initiative will be presented to interested investors and future applicants at the forum.
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Please find the full press release here.