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Sectors: Bioeconomy Industry Waste management

CircularInvest - Powering access to investment for next generation circular economy initiatives in cities and regions

Updated on 10.05.2024

CircularInvest is a CCRI-PDA initiative proposed by four organisations (META, INOVA+, Circle Economy and ICLEI EURO) that aims to provide project development assistance (PDA) to selected circular economy (CE) project promoters from across Europe so as to access the resources needed to develop significant CE investment projects at local and regional scale and to close the investments during the action. In the proposal phase, CircularInvest collected signed support letters from European cities that wish to benefit from the CircularInvest PDA services with an overall investment volume exceeding EUR 20 million.

Topic ID: HORIZON-CL6-2022-CIRCBIO-01-01: Circular Cities and Regions Initiative’s project development assistance (CCRI-PDA)
Grant agreement ID: 101081845
Countries: Portugal, Germany, Netherlands, Italy
Start and end date: 01.11.2022 - 31.10.2026
Budget: 1 999 800 EUR
Type of action: Coordination and support action (CSA)

Leading organisation/partner

INOVA+ - INNOVATION SERVICES, SA 

Scope and objectives

CircularInvest will be deployed in four stages:

  1. Ignition: promotion and launch of two calls for expressions of interest to engage CE project promoters in CircularInvest’s PDA services.
  2. Selection: implementing an independent and inclusive selection of CE investment project promoters (beneficiaries) to receive PDA support.
  3. Technical assistance: delivering PDA services based on a three-pillar-approach:
    1. one-to-one tailored specialised services: support from experts to beneficiaries;
    2. many-to-one, peer-to-peer workshops: support from beneficiaries to beneficiaries;
    3. many-to-many, knowledge transfer and networking actions: knowledge transfer and networking opportunities created for beneficiaries with investors, CE project promoters, and other stakeholders.
  4. Replication: distilling lessons learned and preparing the pathway for future replication through the exploitation key exploitable results: Step-by-Step Guide (K1) for de-risking of future CE investment projects; Policy recommendations (K2) for suitable policies for CE investments across Europe; Circular Investor guide (K3) for increasing investor trust; Community of Practice (K4), a knowledge exchange platform for CE investments promoters; Business cases (K5) to allow the replication of CE solutions and the process of accessing finance; Pipeline of CE investment opportunities (K6) for PDA support after the project.

 

CircularInvest aims to provide project development assistance (PDA) to selected circular economy (CE) project promoters from across Europe so as to access the resources needed to develop significant CE investment projects at local and regional scales and to close the investments during the action.

Key messages for project promoters

CircularInvest aims to help project promoters attract investments to develop circular economy projects and advance the status of circularity in European cities and regions. The project offers free tailor-made support to assist project promoters in:

  • optimising circularity in their projects;
  • developing a business plan;
  • raising funds.

 

CircularInvest will set-up a Community of Practice, serving as a learning and knowledge exchange platform for project promoters, investors and local and regional public administrations to share good practices and insights for successful investments in the circular economy.

Main project stakeholders

Circular Economy Project Promoters

Examples:

  • Utility companies (e.g. waste and water management enterprises);
  • local municipalities & regional authorities;
  • intermunicipal management services;
  • universities & research centres;
  • environmental, technology and R&D organisations;
  • private enterprises (e.g. construction companies, architects, etc.);
  • non-profit associations.

Participants

  • META GROUP SRL 

  • STICHTING CIRCLE ECONOMY 
  • ICLEI EUROPEAN SECRETARIAT GMBH (ICLEI EUROPASEKRETARIAT GMBH)