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REgional project development aSsistance fOr the Uptake of an aRagonese Circular Economy

Objective

The Region of Aragon together with local and European partners aims to support the uptake of the Aragonese Circular Economy (CE), through a new project development assistance service, that aims at accelerating the private funding of CE projects in the region: The RESOURCE project (REgional project development aSsistance fOr the Uptake of an aRagonese Circular Economy).

RESOURCE gathers partners all along the value chain. G.A.C Group, (impact maximisation) is the project coordinator. CEEIARAGON the regional a reference centre of Aragon for the development and consolidation of technology-based business projects, will support GAC in co-coordinating the Project. Project partners involve the Government of Aragon (policy alignment), ANCES (links to private funders), AITIIP (technical support to projects), European Business Network, to liaise with a large array of European region and the CCRI, and University of Leiden, for expertise on circularity assessment.

The overall implication is that implementing a change from a linear to a circular business model involves significant risks, which necessitates de-risking, in combination with a learning environment. Providing some financial support is essential. Investors and lenders need to learn about and assess better if financing such business investments in circular transitions will pay off, so that they ultimately can take over the role of providing risk capital.

RESOURCE aims therefore at co-creating a Project Development Assistance (PDA) solution which reinforces Circular Economy projects, supports innovative business models and investment schemes, to help them raise funds from the private market in Aragon. In this project 9 pilot projects will seek funds for an investment of 20M€. The approach developed in the project aims at feeding from European best practices and replicated in other regions.

RESOURCE is focussing on the Aragon region and will last 36 months.

Coordinator

GAC
Net EU contribution
€ 370 000,00
Address
11-13 Rue Rene Jacques
92130 Issy Les Moulineaux
France

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Region
Ile-de-France Ile-de-France Hauts-de-Seine
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 0,00

Participants (6)

DEPARTAMENTO DE ECONOMIA Y EMPLEO - GOBIERNO DE ARAGON
Spain
Net EU contribution
€ 245 375,00
Address
Paseo Maria Agustin 36 Edificio Pignatelli
50004 Zaragoza

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Region
Noreste Aragón Zaragoza
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
Non-EU contribution
€ 0,00
FUNDACION AITIIP
Spain
Net EU contribution
€ 256 500,00
Address
Poligono Empresarium, Calle Romero N 12-14
50720 Zaragoza

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Region
Noreste Aragón Zaragoza
Activity type
Research Organisations
Non-EU contribution
€ 0,00
EUROPEAN BUSINESS AND INNOVATION CENTRE NETWORK AISBL
Belgium
Net EU contribution
€ 326 750,00
Address
Avenue De Tervuren 168/25
1150 Brussel

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Région de Bruxelles-Capitale/Brussels Hoofdstedelijk Gewest Région de Bruxelles-Capitale/ Brussels Hoofdstedelijk Gewest Arr. de Bruxelles-Capitale/Arr. Brussel-Hoofdstad
Activity type
Other
Non-EU contribution
€ 0,00
UNIVERSITEIT LEIDEN
Netherlands
Net EU contribution
€ 306 062,50
Address
Rapenburg 70
2311 EZ Leiden

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Region
West-Nederland Zuid-Holland Agglomeratie Leiden en Bollenstreek
Activity type
Higher or Secondary Education Establishments
Non-EU contribution
€ 0,00
CENTRO EUROPEO DE EMPRESAS E INNOVACION ARAGON SA
Spain
Net EU contribution
€ 393 187,50
Address
Calle Luna Maria 11
50018 Zaragoza

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Noreste Aragón Zaragoza
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 0,00
Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

ASOCIACION DE CENTROS EUROPEOS DE EMPRESA E INNOVACION ESPANOLES
Spain
Net EU contribution
€ 98 000,00
Address
Juan Lopez De Penalver 21
29590 Malaga

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Region
Andalucía Málaga
Activity type
Other
Non-EU contribution
€ 0,00