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Covenant of Mayors - Europe

Public Sector Loan Facility

The Public Loan Facility complements the two other pillars of the Just Transition Mechanism, the Just Transition Fund (JTF) and a dedicated just transition scheme under InvestEU. It helps to address the socio-economic challenges of the transition to climate neutrality in the most affected territories as identified in the territorial Just Transition Plans.

The Facility specifically targets public entities, creating preferential lending conditions for projects that do not generate sufficient revenue to be financially viable. It consists of a combination of grants from the EU budget and loans provided by the European Investment Bank (EIB). The grant support will be added to the EIB loan and reduce the financial burden for beneficiaries and increase the attractiveness of the investments concerned. Advisory support will be provided to beneficiaries through the advisory hub set up under InvestEU.

Country
Type of funding
Leverage factor
Managing structure & coordination

• European Investment Bank

• CINEA

Useful links
Support service
No