EFFECT4buildings Funding tool
About this good practice
The Interreg project EFFECT4buildings has developed a toolbox of financial tools and instruments for implementing more energy efficiency measures in buildings. The target group is building managers.
The Funding tool deals with broadening the knowledge of the target group on existing energy-investment–related funding sources and mechanisms, other than public funding sources. The tool helps also share the knowledge and experience among project part¬ners on the existing funding mechanisms in their countries, which can help them promote and adapt similar solutions in their countries. It can also facili¬tate finding sources to finance energy efficiency investments, both public and private ones, in the project partner countries. The guide gives the target group a good overview of funding sources.
Public organizations can act as managing authorities for EU funding and other national funding. Regardless of whether the program is targeting public or private organizations, funding possibilities can be destinated for energy efficiency investments. Aid for SME to invest in energy-efficient solutions can be granted according to the EU Commission Regulation No 651/2014 and 1407/2013, but there is a need to better define eligible types of measures. For that reason, we have produced related guidelines, together with implementation of a framework program for investment grants to energy efficiency in SME in Sweden.
Resources needed
A framework program for investment grants to energy efficiency measures in SME can be financed with ERDF money.
With a budget of €4 million from ERDF, 33 companies invested €19 million in energy efficiency measures, resulting in 367 000 MWh in increased efficiency. The program created at the same
Evidence of success
Building managers applied from new sources they had never used before, appreciated support in filling out applications. Sharing experiences with other building managers resulted in several new investments that otherwise would not have been implemented.
The evaluation of the framework program with investment grants shows good results in both achieved energy savings and new jobs created. The cost of public money was in average approx. €0,1 per saved kWh.
Potential for learning or transfer
The tool has been developed with the aim to make them possible to adapt in all (European) countries. The potential for transferring best practise to other regions is supported by clear guidelines, templates and training materials.
Please visit project website www.effect4buildings.se to explore the full toolbox.
Further information
Website
Good practice owner
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