Thanks to the Mayor of London’s Energy Efficiency Fund (‘MEEF‘), which uses European Regional Development Fund (ERDF) financial instruments (FIs), Colts Cabs Limited (‘Colts’), London’s largest independent licensed taxi rental company, has benefitted from a multi-million Euro loan to fund 30 electric black cabs through an innovative and flexible pay-per-mile mechanism.
How do we replace fossil fuels? That is the big question. While intermittent renewables like solar and wind, when paired with batteries, are a popular fossil fuel alternative, the energy from the Earth's super-heated core is still largely untapped.
Founded in 2017, the Italian region of Lombardy’s AL VIA programme has taken important steps to help revive the regional economy in the wake of the financial crisis.
Support from an ERDF financial instrument has helped an Italian social cooperative in Emilia-Romagna cut its heating bills by 25% in a year, allowing it to spend more energy on people.
Hydrogen power has been on the market for years but in an extremely limited capacity. The climate and geopolitical challenges of today’s world illustrate the urgency of developing hydrogen as a technology and support for this have never been stronger.
The ESSOR PME financial instrument featured at FI Campus 2019, has helped support the innovative local business, Datarocks.
Set up in 2014 in Sainte Marie, La Réunion, Datarocks develops and sells innovative IT solutions to help businesses transpose their raw data into interactive ergonomic dashboards. Thanks to a EUR 451 000 equity investment from the ESIF financial instrument, ESSOR PME La Réunion, the company has been able to grow and attract international customers such as Nokia or Thales.
In June 2019, the start-up benefitted from EUR 540 650 equity investment from Essor PME La Réunion, an ERDF financial instrument set up by the La Réunion region. The company will use the investment to strengthen its R&D and operational team, acquire additional equipment, and replicate its economic model outside La Réunion.
A FOSTER TPE-PME loan helped the MagicPallet platform develop and grow. Today, 150 businesses are using it and this allowed the relocation of 3 million pallets, i.e. the equivalent of 84 tonnes of wood saved if new pallets had been manufactured.
