Over the past four years, the Sustainable Cities Fund has financed more than 70 projects in Bulgaria thanks to ERDF financial instruments. From the restoration of schools, markets and theatres, to the renovation of parks, the Fund is helping cities thrive and become more sustainable. The Sustainable Cities Fund’s mission is to foster economic and urban development in Bulgaria, making the most of EU and National resources through financial instruments.
Articles on how financial instruments are being implemented on the ground
Through ESF and ERDF financial instruments, INVEGA, the Lithuanian National Promotional Institution wants to facilitate access to finance for innovative businesses and social enterprises.
The Grössling Spa, one of Bratislava’s 19th century iconic buildings, will be restored to its original function, and will share its premises with the City Library thanks to the support of ERDF financial instruments managed by Slovak Investment Holding (SIH), Slovakia’s National Promotional Institution.
With more than 24 billion pairs of shoes made each year using mainly oil derivatives and leather, footwear has an undeniably negative impact on the environment. Croatian footwear company MIRET wants to change that! Designing shoes to have the lowest possible impact on the environment, these bio-based sneakers are empowering consumers to choose design, durability and comfort, but most importantly sustainability.
Since 2015, Breizh Up is having a positive impact on Brittany’s economy, using ERDF backed financial instruments to stimulate and accelerate investment in innovative companies in France. Among Breizh Up’s diverse portfolio is EOLINK, a company implementing innovative and cost-effective floating wind farms.
The ERDF powered IFRRU 2020 financial instrument focuses on urban rehabilitation and revitalisation. By the end of 2022, 440 buildings were renovated thanks to the financial support of IFRRU, generating new jobs and making Portuguese cities more green, sustainable and energy efficient.
Through ERDF and ESF financial instruments, Národní rozvojová banka (NRB) — the Czech National Promotional Bank — stimulates investments in energy efficiency, innovative enterprises, SMEs and social entrepreneurs.
The ERDF powered ‘Minibonds for Sustainability’ financial instrument, set up by Puglia Sviluppo, the region’s agency for economic development, has achieved its goal of generating over EUR 100 million in new issues, demonstrating that even small and medium-sized enterprises can access the capital market, adopting forms of financing that are complementary to traditional bank finance.
The EquiFund fund of funds was set up in Greece with an overall volume of EUR 448 million and nine equity financial instruments. It provides equity financing to companies that are established or have a branch in Greece and aims to accelerate the development of venture capital and private equity in Greece.
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