NCFF - Cities
Greening a city, taking the environment and the effects of climate change into account, has many positive effects: reducing the risk of floods, tackling the negative effects of heat waves, improving local air and water quality, strengthening social cohesion, increasing overall attractiveness and quality of life…
The Natural Capital Financing Facility (NCFF) can help EU cities achieve these objectives by financing:
- Green infrastructure: creation of green corridors, planting of trees, shrubs parks and urban gardening/farming, resident planting, green roofs, green/hanging walls, greening of grey surfaces, permeable parking, rain gardens, rehabilitation of industrial sites or abandoned land, among others
- Blue infrastructure: nature-based flood protection, sustainable urban drainage systems, retention basins, lakes, ponds, watershed management
More information on how to make your urban project eligible under the NCFF can be found here.
Revenue streams or cost savings for green and blue infrastructure investment in cities can take a number of different forms: funding through taxes, fees, credits, crowd funding, payment for ecosystem services schemes… We are open to new ideas and identifying new financing streams together with you.
We also support the EU Urban agenda and contribute to the various partnerships promoted by this initiative - in particular “Sustainable use of land and nature-based solutions”.
This is the first NCFF operation integrating nature-based solutions in a city. A EUR 5 million NCFF loan will finance and support the integration of green components into the restoration of public squares and streets, create green corridors between different greened areas and contribute to the natural restoration of Athens second landmark hill after the Acropolis, Lycabettus hill. The objective of this operation is to support the implementation of the Athens Resilience 2030 Strategy and thus contribute to reducing urban heat islands, increase natural water infiltration and improve overall attractiveness of the project areas. This loan is attached to a EUR 55 million framework loan for resilient urban renewal and development to the Municipality of Athens.