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Funding and financing opportunities: two new publications to guide cities!

  • economy
  • environment

The Covenant of Mayors - Europe Office develops publications that help cities and towns get a better understanding of the financing and funding solutions at their disposal, and how they can make use of them. Here are our two latest financing leaflets!

Financial Institutions Instruments
Financial instruments are a type of financing often characterised by the combination of EU funds and public or private sector finance, above all banks, but also credit unions, savings, and loans associations or investment companies. Such a cooperation aims to trigger investments on the ground to deliver policy objectives, such as economic, social and territorial cohesion and support environmental policy, such as climate action.
  • Collabortating with the European Investment Bank
  • The investment plan for Europe: The European Fund for Strategic Investment (EFSI)
  • Advisory hub and other EIB advisory services
  • EIB Natural Capital Financing Facility
  • The role of national promotional banks
EU Funding Programme
Many of the signatories to the Covenant of Mayors for Climate & Energy use European funding programmes and grants to co-finance part of their Sustainable Energy and Climate Action Plans (SECAP) development or implementation.
About 80% of EU funding is granted through programmes managed in the EU countries themselves through structural funds. However, some funds are directly handled by the Euro-pean Commissions or dedicated agencies and secretariat, through calls for proposals which are part of dedicated funding programmes.
The managing authorities or the National Contact Point at national level can help you get familiar with each of these funds and understand how to apply. You can also check the funding page of the Covenant of Mayors to get to know better each of these funds.
The first section of this booklet presents some useful tips and tricks on how to apply for centralised funding programmes. The second part goes more into details of some funding programmes and projects with a view of getting ready for the next funding period 2021-2027.
These two leaflets are part of a series of four publications that you will find in the Funding page of othe Covenant of Mayors website here.
You will also find a wide variety of capacity-buidling, communications materials and the official documents of the Covenant of Mayors - Europe in the online library here.