The Joint Initiative on Circular Economy (JICE)
Updated on 19.09.2023
JICE aims to reduce the waste production and stimulate the circular economy. JICE provides loans, equity investment, guarantees, innovative financing structures and advisory services to projects that prevent or eliminate waste, increase resource efficiency or have a circular business model.
Relevance for Circular Systemic Solutions
The EU produces about 2.5 tonnes of waste per year. Consequently, the JICE initiative has approved € 10 billion to spend on a circular economy. JICE is an initiative launched by the following National Promotional Banks and Institutions (NPBIs): BGK – Poland; CDC – France; CDP – Italy; EIB; ICO – Spain; and KfW – Germany.
This financing opportunity can be relevant for Circular Systemic Solutions as it targets all stages of the production value chain and the lifecycle of products and services. The investment target group includes public authorities and other various relevant actors from the value chain. The financing by JICE is open to a wide variety of projects and financing types. Examples of eligible projects include: the design and production in relation to waste prior to the commercialisation of the subject goods; extending goods' lifespan and usage period including enabling the reuse, repair, repurposing, refurbishing or remanufacturing of products already in use; the recovery of materials and other resources from waste or through the treatment of water or optimisation of heating etc.; and supporting circular strategies through the development of new ICT solutions, technologies, services or goods.
The call is open to national and local government institutions, private enterprises of any size, research institutions and social enterprises in the European Union.
The investment focus of JICE is on preventing and eliminating waste, increasing resource efficiency and promoting circular business models.
Amount of funding
JICE will spend at least € 10 billion by 2023. The amount of funding depends on the project and the NPBI chosen to finance the bank.
The city or region chooses and contacts one of the NPBI to finance their project. The application type depends on the choice of bank and finance type for the project. The contacts for each NPBI can be found on the following website.
There is no set deadline/deadline is on a needs basis, but the Joint Initiative on Circular Economy runs from 2019 - 2023.
large 500 000-200 000, medium 200 000-50 000, and small cities 50 000-5 000
large metropolitan area >1.5 million, metropolitan area 1.5 million-500 000
predominantly urban regions, intermediate and predominantly rural regions, refer to TERCET typology NUTS 3 region