Urban Development Fund 2014-2020
Stage of the instrument:
Operational programme "Regions in Growth"
View program-
Urban Development Fund 2014-2020
- Market consultations
- Preparation of the documentation
- Application of financial intermediaries
- Review of offers and negotiations with candidates
- Selected financial intermediaries
- Funding of final recipients
€182,50M
Instrument description
Financial resources
public resources in the amount of EUR 182.5 million;
additional private co-financing from the financial intermediaries.
Goals of the instrument
improve urban environment (including public transport, culture and sport infrastructure);
- stimulate economic growth in the regions through the development of economic development zones in the cities, improved energy efficiency of single-family residential buildings and student dormitories;
- promote the development of tourism related to immovable cultural heritage of national or world importance.
Final recipients
- municipalities and municipal enterprises;
- private companies;
- public/private partnerships;
- private citizens.
Type of financing
- low-interest investment loans and working capital loans, including non-refundable VAT;
- up to EUR 20 million for urban environment and up to EUR 10 million for regional tourism;
- a repayment term of up to 20 years and a grace period of up to 3 years;
- guarantees for the financial intermediaries of up to 80% per individual loan and up to 25% of the entire portfolio;
- low interest rates;
- no management fee chargeable on the public resources;
- relaxed collateral requirements;
- a low level of self-financing by final recipient (0% -15%);
- for certain sectors, an option to combine the financial instrument with grant support.
Source of the public resources
Operational Programme Regions in Growth 2014 — 2020 co-financed from the European Regional Development Fund
Current stage of the instrument: reinvestment period until the end of 2031
Financial intermediaries
For the regions of Southern Bulgaria and the City of Sofia, the Fund for Sustainable Cities Consortium (FSC):
For the region of Northern Bulgaria, the Regional Urban Development Fund (RUDF)
The Fund of Funds invests additional resources in urban environment under the Joint European Support for Sustainable Investment in City Areas initiative (JESSICA). Further information is available here.
Financial intermediaries
Документи
- Source of public resource
- Operational programme "Regions in Growth" ( 2014 - 2020 )
- Current stage of the instrument
- End Recipient Financing
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