The EUCF is a European initiative to support municipalities, local authorities and their groupings across Europe to develop investment concepts to accelerate investments in sustainable energy. In form of a € 60k grant, the EUCF finances services and activities to support the development of the investment concept, such as (technical) feasibility studies, market analysis, stakeholder analysis, legal, economic and financial analysis, risk analysis and the coordination and organization activities. The grant is hence not meant to directly finance investments. It is used to access services and develop an investment concept, which might become a door-opener for many follow-up investments.
Successful applicants to the EUCF will use the lump sum to develop their investment concepts, which represents an initial step towards a fully-fledged business and financial plan. The ultimate objecvtive is to build a substantial pipeline of sustainable energy investment projects across municipalities in Europe.