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Division Expected outcomes specific to PF4EE

United Kingdom

Original text. Later amendments are not shown.

Under the PF4EE approximately 6-10 financing agreements (EIB Loans for EE and Risk Sharing/Expert support Facilities) could be signed with financial intermediaries in the period 2014-17. A financing agreement may cover the implementation of the financial instrument in more than one MS and a financial intermediary may sign more than one financing agreement.

It is expected that over the lifetime of the programme (2014-17), assuming an average investment cost of EUR 300 000, up to some 1 800 final recipients and projects will receive a total loan financing of approximately EUR 430 million. The total investment in EE over this period could be at around EUR 540 million.

The estimate leverage of the value of the loan portfolio to the LIFE provision is 6 fold. Taking into account the possible contribution of final recipients to project costs in the order of 25 %, the leverage of total investment to the LIFE provision could be at up to 8 fold.

Notes on Division 7

Footnotes

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See also the Programme Statement in the Draft Budget for 2014, COM(2013) 450, p. 181ff. N.b.: Indicators and targets in the Programme Statement were drawn up by the Commission on the basis of its proposal from 2011. During the legislative procedure several changes were introduced: capacity and technical assistance projects were introduced, the total budget was lowered by 15 % and the amount for Nature and Biodiversity was increased to 55 % of the resources allocated to projects (i.e. reducing the amount earmarked for Environment and Resource Efficiency), the co-funding rate was raised to 60 % or more for all projects for the period 2014-20, thematic priorities were introduced, and the percentage of integrated projects was reduced to 30 % of the resources allocated to action grants. The outcomes and targets were therefore adapted accordingly.