Circular City Funding Guide

The Circular City Funding Guide was developed to aid municipalities, businesses, and urban stakeholders in the transition towards circular economies within cities. This initiative is part of the Urban Agenda Partnership for Circular Economy, and the guide has been created by experts from the European Investment Bank (EIB) alongside external service providers. The motivation behind the guide stems from the identified need for effective dissemination of funding knowledge for circular initiatives in urban settings, particularly as European cities have implemented various innovative circular projects, yet faced challenges in scaling these efforts.

The primary aim of the guide is to furnish users with comprehensive information regarding the financing and funding sources available for circular economy projects. It covers various types of financial support, including grants and subsidies, but also extends to other financing avenues such as debt, equity, and guarantees. By doing so, the guide seeks to empower local governments and stakeholders to better access the financial resources necessary to implement circular initiatives effectively.

The guide acknowledges that one significant barrier to the large-scale deployment of circular projects in cities is the difficulty in accessing funding. This challenge has led to slower progress in transitioning to circular economies. The guide aims to bridge this gap by compiling best practices, sharing knowledge, and providing insights into various circular solutions and their financing methods. It is a response to the growing body of knowledge surrounding circular economies, ensuring that stakeholders are equipped with the latest information and strategies for financing their initiatives.

Additionally, the guide encourages collaborative learning and sharing of experiences related to financing circular economy initiatives through a dedicated LinkedIn group. This platform allows stakeholders to exchange questions, success stories, and insights, fostering a community of practice committed to advancing circular economy efforts in urban environments.

The content of the Circular City Funding Guide is based on an extensive review of existing literature and resources, with an acknowledgment that the knowledge in this field is rapidly evolving. The guide invites suggestions for updates, ensuring that it remains relevant and useful for its users. It aims to provide ongoing support in navigating the complex landscape of circular economy financing.

The production of this guide has been supported by the financial assistance of the European Union. It is important to note that the views expressed in the guide do not necessarily reflect the official opinion of the EU, highlighting the independent nature of the guidance provided.

In conclusion, the Circular City Funding Guide is an essential resource for European municipalities and urban actors interested in sustainable housing and circular economy practices, offering critical insights into funding and financing mechanisms that can facilitate the transition to more sustainable urban environments.