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Knowledge category: Funding and financing

European Circular Bioeconomy Fund (ECBF)

Updated on 18.11.2022

The ECBF catalyses the transition towards a sustainable future by investing in innovative bio-based and circular ventures. The Fund is contributing to speeding up the shift from a fossil-based to a circular bio-based economy and achieving the European Green Deal goals to make Europe climate neutral by 2050.

Financial entity: European Investment Bank

Relevance for Circular Systemic Solutions

The ECBF actively finances growth companies in bioeconomy and bio-based circular economy with investment opportunities in circularity topics. Apart from companies, projects with a Technology Readiness Level (TRL) of 6-9 and some first significant commercial traction may also apply. With an indicative budget € 2.5 million to € 10 million, this means that public authorities (including local and regional authorities) can use this opportunity to finance a project that focuses either on developing and implementing the entire Circular Systemic Solution (around >5 million) or one of its specific components (<5 million) in the targeted domains.

Applicant criteria

The ECBF is open to all 27 EU Member States as well as countries associated with the EU’s Horizon 2020 programme. For TRL 6-9, the investment size is € 2.5 million to € 10 million. Commitment to environmental, social and governance criteria is a condition for investment. Contributions to carbon dioxide reduction, biodiversity, circularity, and toxic substances mitigation are highly valued.

Eligible projects/themes

Targeted industry sectors are agriculture and food, bio-based chemicals and materials, blue economy, construction, forestry, industrial biotech, packaging, personal and home care, textiles, and others.

Amount of funding

The total budget is € 300 million, with an indicative budget of € 2.5 million to € 10 million per project.

Application process

Projects may contact the ECBF to learn about the application process and further requirements.

Deadlines

There is no set deadline, or deadline is set on a needs basis.

Financing type

Debt

Territories involved

Rural areas

<5 000

Cities

large 500 000-200 000, medium 200 000-50 000, and small cities 50 000-5 000

Metropolitan areas

large metropolitan area >1.5 million, metropolitan area 1.5 million-500 000

Provinces/counties

Regions

predominantly urban regions, intermediate and predominantly rural regions, refer to TERCET typology NUTS 3 region

Country

Inter-regional

EU

Intra-territorial areas

Industrial zones

Agricultural zones

Brown field zones

Coastal areas

Mountain areas

Islands

Cross-border areas

Forests

Water areas

Districts

e.g. commercial, residential, service, industrial