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project info
Start date: 30 October 2023
End date: 31 December 2029
funding
Fund: European Regional Development Fund (ERDF)
Total budget: 35 066 457,67 €
EU contribution: 29 806 488,61 € (85%)
programme
Programming period: 2021-2027
European Commission Topic
European Commission Topic

Regional Financial Institution - KPFR IF 2021-2027

The subject of the project is the implementation of the ‘Investment Strategy with a Business Plan for Financial Instruments under the FEdKP 2021-2027 Programme’ (SI) and the creation of a Trust Fund for the implementation of Financial Instruments (FI) in the scope of Measure 2.1, i.e. Energy efficiency BydOF and ZiTy regional. The project will be implemented on the territory of the Kujawsko-Pomorskie Voivodeship, where the seat of the Applicant is also located, who, after signing the project co-financing agreement, will become the Trust Fund Manager (MFP). Support under the project will be offered to Final Recipients (FiUs), i.e. NGOs, enterprises, associations and churches, having their registered office or branch at the time of submitting the loan application and signing the loan agreement in the Kujawsko-Pomorskie Voivodeship in accordance with the rules set out in the SI, in the form of a loan for the energy modernisation of public buildings and street lighting under the ZiT (BydOf and ZiTy regional). The purpose of the loans offered in the project will be to reduce the consumption of heat and electricity in public buildings, which will also affect the reduction of air pollution, by facilitating access to debt financing.The support granted to RP from the Financial Supervision Authority will cover investments in both fixed assets, intangible assets, as well as working capital, recognised as financially feasible and which do not receive sufficient financing from market sources, while maintaining EU state aid rules.In addition, support will be granted only for those elements of the RP's investment that were not physically completed or fully implemented at the date of the investment decision. The assumptions of the project and the planned support for the OP result from the SI, which was based on the ‘Analysis of investment needs and forms of support in the Kujawsko-Pomorskie Voivodeship, including the possibility of applying the FI’ and its updates, which confirm and justify the direction and method of support included in the grant application. The support offered in the RP project will be granted for the implementation of the types of projects and investments specified in the SI and in accordance with the rules for granting support described in it. The activities of the project will be aimed at achieving the indicators set out in the AI. The project implementation system will be based on a cascading structure, i.e. the MFP, cooperating with the Managing Authority of the FEdKP 2021-2027 (MA) on the basis of a grant agreement, responsible for the creation and management of the Trust Fund and Financial Intermediaries (PF), who will be selected by the MFP on the basis of rules consistent with the Public Procurement Act. The FPs will be responsible for setting up a specific fund to which the MFP will contribute financially in order to provide financial support from the FPs. The project implementation system also assumes monitoring and control of projects implemented by the FP and reporting on project implementation by the MFP to the MA. The need to implement this project results from the provisions of the above-mentioned strategic documents and the policy adopted by the Kujawsko-Pomorskie Regional Government in the field of regional development. In the project, KPFR will implement information and promotion obligations under Article 50 of Regulation 2021/1060, as well as other activities increasing knowledge about the products offered for TA and their sources of financing, e.g. participation in events related to the economic development of the region (conferences, seminars, economic congresses), organization of information and promotion meetings with potential TAs, as well as implementation of info-promo campaigns using various available distribution channels. The project will be implemented in accordance with the principle of equal opportunities for women and men and non-discrimination - a broader description in this respect has been included in the Task component. The Applicant's experience and risk areas are described in the component entitled Risk analysis.

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