9. Validation and Implementation of Investment Concept

9.1 How is the investment concept validated?

9.1 How is the investment concept validated?

After finalisation and submission, investments concepts are validated by a dedicated evaluation team of the EUCF.

For detailed information on “IC validation”, please refer to “Guidelines for Applicants” which is available on the EUCF website.

9.2 Who validates the investment concept?

The validation of the final investment concept is conducted by a dedicated EUCF evaluation team, composed of evaluators from adelphi and ENVIROS.

9.3 How can a beneficiary receive support after the validation of the Investment Concept?

Following the support activities during the development of the investment concept, the second set of support accompanies the implementation of the investment concepts and aims at bringing in touch EUCF beneficiaries with the investor community. The EUCF accompanies the implementation process by organising matchmaking events, Communities of Practice and other capacity building events where EUCF beneficiaries are highly encouraged to participate. Moreover, the EUCF Helpdesk is available for beneficiaries to address the EUCF team in case of questions regarding the implementation of the investment concept, the procedures for monitoring and reporting and the potential aggregation/joint procurement of projects

9.4 Are the beneficiaries obliged to prove how they have used the lump sums?

The beneficiaries are not obliged to prove how they used the lump sums. The EUCF provides a purely output-based grant which means that beneficiaries receive the full grant once their Investment Concept is validated, disregarding the input needed for such result.

9.5 What happens if the Investment Concept cannot be completed in the foreseen time period?

One month before the submission deadline, beneficiaries will receive an automatic reminder to submit the IC. If the beneficiary requires an extension of one month, she/he has to provide a justification and ask for approval by the EUCF coordinator via the EUCF website user zone. 

In case the beneficiary is not able to complete the IC in the (extended) time period, she/he will be required to complete an “IC Non-development” report in the EUCF website user zone within 30 days. The purpose of this report is to provide an overview of the challenges that occurred during the development of the investment concept and to reflect on the learnings from this process. In order for beneficiaries to keep the pre-financing of the EUCF grant amount, the EUCF coordinator has to approve the IC Non-development report. The final payment, i.e. 30% of the total grant amount will not be disbursed.

Overall, the EUCF team and the respective Country Experts assist municipalities/local authorities throughout the development process of investment concepts and strive to minimise such situations through the technical support provided. 

9.6 Do beneficiaries of the EUCF have to implement the investment concept?

EUCF beneficiaries are highly encouraged to seek funding from investors and financial institutions and implement their investment concepts. Beneficiaries are able to share their experiences by participating in matchmaking events, Communities of practice, and other capacity building events that are organised by the EUCF, and can benefit from the EUCF Helpdesk to address the EUCF team in case of questions regarding the implementation of the investment concept, the procedures for monitoring and reporting and the potential aggregation/joint procurement of projects

9.7 What are the monitoring procedures?

EUCF beneficiaries must commit to a monitoring period of two years, in which the implementation of the investment concept is supervised and documented. During this period, beneficiaries are required to notify the EUCF on the implementation process by submitting two simple monitoring forms on key figures, which will be used to assess the impacts of the EUCF.

9.8 How can the measures developed in the investment concept be financed?

During the implementation of the investment concept phase, there is no preference among financing sources. The municipality can access any type of funding through banks, private investors, ESIF, national funds, local funds, crowd funding,, EPCs, etc. To learn more about financing opportunities for sustainable energy and climate action plans, please see Covenant of Mayors funding guideline.

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