SmartEnCity Network at the European City Facility Event03 May 2020
On Wednesday the 19th February 2020, ProjectZero represented the SmartEnCity Network at the launch of the European City Facility event following the Covenant of Mayors Investment Forum and the Energy Efficiency Finance Marketplace.
The European City Facility is set up under the Horizon 2020 Framework Programme for Research and Innovation of the European Union, the EUCF provides tailormade, rapid and simplified financial support (in the form of EUR 60,000 lump sums) and related services to a large number of municipalities in the European Union, enabling them to develop relevant investment concepts.
Many cities are facing the gap between planning and realization of projects due to a lack of sustainable energy investments. The European City Facility addresses two fundamental barriers for sustainable energy investments:
• Financial and legal capacity of local authorities to transform their long-term energy and climate strategies (e.g. SEAPs, SECAPs etc.) into appropriate investment concepts.
• Lack of aggregation of fragmented small projects (for example in the building sector) and thus lack of attractiveness for the financial sector.
At the event, ProjectZero explained how cities a part of the SmartEnCity Network and the national sub-network in Denmark called the Energibyerne, are already working together and supporting each other to transform plans into actions. ProjectZero encourages the Commission to motivate cities to apply for the EUCF together making the projects more resilient.
“By joining forces in a network, small and medium sized cities have the capacity to apply for EU funds and facilitate more local investments in energy efficiency and renewable energy. Furthermore, the EUCF can be used as seed money for transforming city plans to real action”, said Henrik Bielefeldt, ProjectZero.
For more information about EUCF and its application scheme, click here.