Just Transition Fund – Public Sector Loan Facility Call (PSLF): Loan

The PSLF-Loan Schemes under the Just Transition Mechanism (JTM-2022-2025-PSLF-LOAN-SCHEMES) offer structured loan programmes to support public sector entities in regions undergoing economic transition. These loan schemes are designed to finance multiple projects or initiatives that collectively address the socio-economic challenges posed by the shift to a low-carbon economy. The objective is to provide comprehensive financial solutions that enable regions to develop sustainable industries, create employment opportunities, and enhance resilience against economic disruptions

Programme name

Public Sector Loan Facility (PSLF) – Just Transition Mechanism

JTM-2022-2025-PSLF-LOAN-SCHEMES

Objective(s) and scope

The public sector loan facility (PSLF) is the third pillar of the Just Transition Mechanism. This call (JTM-2022-2025-PSLF-LOAN-SCHEMES) targets projects linked to a framework loan to address serious social, economic and environmental challenges deriving from the transition towards the EU’s 2030 climate and energy targets and the objective of climate neutrality in the EU by 2050 at the latest, for the benefit of the EU territories identified in the Territorial Just Transition Plans.

Projects related to a wide range of sustainable investments may be funded, such as:

investments in renewable energy and green and sustainable mobility, including the promotion of green hydrogen
public research
digitalisation
environmental infrastructure for smart waste and water management
sustainable energy, energy efficiency and integration measures, including renovations and conversions of buildings
the transition to a circular economy
biodiversity
up-skilling and re-skilling, training

The projects must be linked to an EIB framework loan.

Proposals should include indicators evidencing that the project will achieve a measurable impact in addressing serious social, economic and environmental challenges deriving from the transition towards the EU’s 2030 climate and energy targets and the objective of climate neutrality in the EU by 2050 at the latest.

Type of finance provider

Public

Administering body

European Climate, Infrastructure and Environment Executive Agency (CINEA)

Financing product

Grants

Financing value

No fixed amount per project. PSLF is a blending instrument, the total amount available under this programme is EUR 13.3-15.3 billion

Framework loans requested from the EIB should be of at least EUR 12,5 million. The EIB covers usually up to 50% of the total project costs, which should therefore normally be at least EUR 25 million.

Mid capital (EUR 5-50 million)

High Capital (EUR > 50 million)

Eligible countries

EU Member States

Eligibility criteria (if available)

Conditions:

Legal entities (public bodies or private bodies entrusted with a public service mission) established in an EU Member State.
Beneficiaries and affiliated entities must register in the Participant Register – before submitting the proposal – and will have to be validated by the Central Validation Service (REA Validation). For the validation, they will be requested to upload documents showing legal status and origin
•Other entities may participate in other consortium roles, such as associated partners, subcontractors, third parties giving in-kind contributions,
The projects must be linked to an EIB framework loan. Framework loans by other banks or EIB financial intermediaries (including EIB Intermediated Framework Loans or Multi-Beneficiary Intermediated Loans) cannot benefit from JTM funding under this topic.
The project activities must benefit a territory covered by an approved Territorial Just Transition Plan and must be consistent with this Plan and the sectors and thematic areas it sets out.