How to create programmes financing circular economy projects
Even though the number of different funding sources for circular economy initiatives is growing, city authorities, regional development agencies, and other urban institutions can accelerate the circular transition by using their own budgets to finance local circular projects and organisations. In this way, they can speed-up the circular transition in their city and ensure that developments are in line with local needs and ambitions.
Setting-up and implementing an effective circular funding programme is crucial. Cities and other urban actors must make the right choices when it comes to the three key phases of a funding programme’s life cycle, described in this part of the Circular City Funding Guide: (1) programme design, (2) project screening and selection, and (3) project monitoring and support. The information is developed based on the experiences of front-runner cities, as well as on initiatives by leading funding and financing institutions.