Cohesion policy financial instruments for REPowerEU and the New European Bauhaus

20 June 2022
About the event


The European Commission (EC) and the European Investment Bank (EIB) made a major joint announcement of the launch of two new model financial instruments to support the REPowerEU and New European Bauhaus initiatives, on 20 June 2022.

Elisa Ferreira, European Commissioner for Cohesion and Reforms, opened the event by underlining the importance of mobilising private investments in order to achieve EU climate and energy efficiency targets. She said that the two new model financial instruments, the New European Bauhaus territorial development model (NEB TDM) financial instrument and the Model for a financial instrument with a grant component to support energy efficiency, ‘are yet another example of how Cohesion Policy is boosting the European Green Deal. The combination of grants and loans in these models can leverage these investments and encourage deeper renovations and a more sustainable, inclusive and aesthetic territorial development’.

Watch the online event recording:

EIB Vice-President Lilyana Pavlova stated that the EIB is committed to stepping up its support for Europe’s energy sector through the Bank’s lending, fund management and advisory activities: ‘our combined package of support can play a crucial role in speeding up the transition to a low-carbon economy’.
The joint announcement was accompanied by contributions how financial instruments are used in Portugal, Slovakia and Bulgaria and what potential they have to support Cohesion policy in the 2021-2027 programming period.

The subsequent fi-compass thematic workshop focussed on the key features of the new model financial instruments that will support the REPowerEU and New European Bauhaus initiatives. The workshop provided an early opportunity for participants to learn more about the model financial instruments and ask questions to fi-compass experts from the Directorate-General for Regional and Urban Policy (DG REGIO) and the EIB on how the model financial instruments may be implemented in the 2021-2027 programming period.

Read the EIB press release ‘Greener housing and sustainable living spaces – the European Commission and EIB launch blueprints for financing more energy efficiency and territorial development investments’.


pdf presentation      pdf audio      pdf video      pdf case study

The audio in the video files is in original language of the speakers. The English interpretation is available as audio files.

Title Speakers
Financial instruments supporting Cohesion policy in Portugal

Ana Abrunhosa, Minister of Territorial Cohesion, Portugal

Financial instruments supporting Cohesion policy in Bulgaria

Iva Petkova, Director, Sustainable Cities Fund, Bulgaria