Division 5.1.6 Projects needed for the purpose of achieving the general objectives set out in Article 3 of the LIFE Regulation
United Kingdom
Other projects (pilot, demonstrative or other) could be financed according to Article 190 of the Rules of application of the financial regulation (hereinafter ‘RAF’) or launching a specific call for proposals on the basis of the criteria described below. For example, grants targeting complex projects realising the circular economy along value chains or by industrial symbiosis could be financed following a specific call drawing on the budget of action grants for environment and resource efficiencyf1 or to support bankable projects leading up to or complementary to NCFF funding. Support could also be provided to advance project proposals to sufficient maturity to attract public and private investment capital. The support could be provided, most notably, to innovative, first-of-kind or non-routine investment proposals in any of the priority areas under the LIFE Regulation.
- 5.1.6.1Technical methodology for the project selection procedure
- 5.1.6.2Eligibility and award criteria
Annotations
Footnotes
- f1
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Studies show that investment capital would be readily available from different sources for ‘green investment’, but that there are not enough well prepared (‘bankable’) proposals. It is intended to fill this gap through a specific call that addresses developers of (potentially) economically viable projects which have the potential to create a significant environment or climate action impact necessary to achieve the general objectives set out in Article 3 of the LIFE Regulation.
Notes on Division 5
Footnotes
- f1
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The meaning of the term ‘selection’ in Article 24(2)(d) of the LIFE Regulation includes the meaning of the term ‘eligibility’ in Article 19 LIFE Regulation and Article 131 of the Financial Regulation.