Project description DEENESFRITPL Revving the engine of circular economy deals To facilitate investment and financing for circular economy projects in Europe, it is important to work with investors and finance partners to build trust. There is a need for new finance solutions and business models that can make these projects less risky and more bankable. With this in mind, the EU-funded DEFINITE-CCRI project will build a deal engine that provides technical, financial and circular economy expertise to local project developers. Specifically, it will aim to streamline the processes that can decrease transaction costs and engage the private finance community to address legal, administrative and market challenges. The project aims to launch investments in four circular economy projects with a total portfolio volume of up to EUR 80 million. Show the project objective Hide the project objective Objective Effective investment and financing opportunities for circular economy projects in Europe are still few and far in between. Investors need to gain trust in circular economy projects. Projects need to become less risky and bankable, based on new and re-designed finance solutions and business models. Transaction costs need to be decreased and the private finance community needs to be engaged to address legal, administrative and market challenges. The DEFINITE-CCRI project establishes a deal engine, providing technical, financial and circular economy expertise through local project development assistance in an unprecedented and streamlined process to cities, regions and project developers. The deal engine will be built with investors and finance partners and the goal to launch investments in four circular economy projects of up to EUR 20 million investment volume per project, amounting to a total portfolio volume of up to EUR 80 million. The DEFINITE-CCRI will demonstrate the bankability of high-impact circularity projects and increases maturity and investor trust in circular economy innovation. It closes the gap between project developers in cities and regions on one side, and investors and finance partners on the other. The DEFINITE-CCRI project co-creates and proves an end-to-end PDA process, aggregating risk-mitigation, EU Taxonomy compliance, circularity criteria and technical and financial engineering in a single project development service for the CCRI’s service portfolio. Partners commit to operate the deal-engine sustainably beyond the project lifetime. This will inject the financial, technical and managerial know-how into urban circular transitions and ultimately contribute to lower virgin non-renewable material use, lower GHG emissions and more just and inclusive circular employment in line with the European Green Deal, the Circular Economy Action Plan and the Bioeconomy Strategy. Fields of science social scienceseconomics and businessbusiness and managementbusiness modelssocial scienceseconomics and businesseconomicsbioeconomysocial scienceseconomics and businessbusiness and managementemploymentsocial scienceseconomics and businesseconomicssustainable economy Keywords Finance Investment Circularity Circular Economy Cities Regions Project Development Assistance Bioeconomy EU Taxonomy Risk Management Sustainable Finance Closed-Loop Lifecycle Programme(s) HORIZON.2.6 - Food, Bioeconomy Natural Resources, Agriculture and Environment Main Programme HORIZON.2.6.7 - Circular Systems Topic(s) HORIZON-CL6-2022-CIRCBIO-01-01 - Circular Cities and Regions Initiative’s project development assistance (CCRI-PDA) Call for proposal HORIZON-CL6-2022-CIRCBIO-01 See other projects for this call Funding Scheme HORIZON-CSA - HORIZON Coordination and Support Actions Coordinator ICLEI EUROPEAN SECRETARIAT GMBH (ICLEI EUROPASEKRETARIAT GMBH) Net EU contribution € 534 437,50 Address LEOPOLDRING 3 79098 Freiburg Im Breisgau Germany See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Baden-Württemberg Freiburg Freiburg im Breisgau, Stadtkreis Activity type Other Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 534 437,50 Participants (4) Sort alphabetically Sort by Net EU contribution Expand all Collapse all STICHTING CIRCLE ECONOMY Netherlands Net EU contribution € 345 025,00 Address MAURITSKADE 64 1092 AD Amsterdam See on map Region West-Nederland Noord-Holland Groot-Amsterdam Activity type Other Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 345 025,00 BWB CONNECT CLG Ireland Net EU contribution € 629 062,50 Address 76 BAGGOT STREET LOWER D02 EK81 DUBLIN 2 See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Ireland Eastern and Midland Dublin Activity type Other Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 629 062,50 STAD GENT Belgium Net EU contribution € 172 968,75 Address BOTERMARKT 1 9000 Gent See on map Region Vlaams Gewest Prov. Oost-Vlaanderen Arr. Gent Activity type Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 172 968,75 ETHNICON METSOVION POLYTECHNION Greece Net EU contribution € 297 343,75 Address HEROON POLYTECHNIOU 9 ZOGRAPHOU CAMPUS 157 80 ATHINA See on map Region Αττική Aττική Κεντρικός Τομέας Αθηνών Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 297 343,75
