# Commission Implementing Decision of 19 March 2014 on the adoption of the LIFE multiannual work programme for 2014-17 (Text with EEA relevance) (2014/203/EU), Division: Expected outcomes specific to NCFF

Extent: E+W+S+N.I.

During the initial pilot phase, the NCFF is expected to execute 9-12 operations (including indirect operations), or 3-4 operations per year. Individual investments would remain below EUR 10-15 million.
The estimated leverage of the value of the facility to the LIFE provision is between 2,2 and 3,2 fold. Taking into account the possible contribution of final recipients to project costs in the order of 25 %, the leverage of total of investment to the LIFE provision could be between 2,8 and 4,2 fold. The total investment in natural capital management projects over the pilot phase alone could be up to EUR 420 million.
During the operational phase to follow, the expected leverage could go up to 6, especially if other investors join the facility and if more investments are being made through intermediaries and funds.

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Source: https://www.legislation.gov.uk/eudn/2014/203/annex/division/7/division/3/division/4 (the official version)
Page: https://openlegislation.uk/eu-decision-2014-203/annex/division-7/division-3/division-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.