The European Commission has launched a new financing vehicle for supporting innovation in the Circular Economy, making €24 billion available for debt and equity financing over the period 2015-2020.
The InnovFin (‘EU Finance for Innovators’) loan programme, managed by the European Investment Bank and European Investment Fund, has previously provided funding only to technology companies, but will now also support innovation in recycling and waste management. Further financing is expected to be made available through the Juncker Investment Fund.
The funding will support the Commission’s Circular Economy Strategy, which has created long-term binding targets for recycling and landfill in the EU.
For more information, see the InnovFin website.