Sustainable Finance & Public Funding Access

 The EU Innovation Fund is one of the world’s largest funding programmes aiming at: 

1. Providing around EUR 10 billion of support over 2020-2030 for the commercial demonstration of innovative low-carbon technologies, allowing to finance up to 60% of innovation related expenses (CAPEX and OPEX).in the case of  large-scale projects and up to 60% of CAPEX in the case of small-scale projects. 
2. Bringing to the market industrial solutions to decarbonise Europe and support its transition to climate neutrality
3. Helping businesses invest in clean energy and industry to boost economic growth, create local future-proof jobs and reinforce European technological leadership on a global scale 

The programme focuses on the following sectors: 

1. innovative low-carbon technologies and processes in energy intensive industries, including products substituting carbon intensive ones; 
2. carbon capture and utilisation (CCU); 
3. construction and operation of carbon capture and storage; 
4. innovative renewable energy generation;
5. energy storage. 

Services  

1. technical assistance for the submission of the expression of Interest and pre-feasibility study, with a first assessment on the project effectiveness, innovation and maturity level. 
2. Full support for the full application stages (project management, project proposal development, submission) including: feasibility study preparation, Business Plan development, GHG emission avoided calculation, Cost-efficiency calculation, Technical Due Diligence preparation, Economic and Financial Due Diligence preparation and Operational Due Diligence preparation. 

Case-studies

1. Big Player energy sector: Support in the presentation of 4 projects on the first call of the Innovation Fund in the following topics: CO2  capture, transport and storage project, project related to the recycling of organic waste and the production of biofuels, project related to the recycling of plastic waste for the recovery of materials, project related to energy intensive industries. Support for the preparation of technical and administrative documentation (Form A and B), preparation of Business Plan, calculation of avoided GHGs, calculation of relevant costs, assessment of degree of innovation and maturity, assessment of policies as well as technical, financial and operational due diligence.
2. Player energy sector: support in the presentation of 1 project on the first call of the Innovation Fund on the following topic: project on the innovative generation of energy from renewable sources. support for the preparation of technical and administrative documentation (Form A and B), preparation of Business Plan, calculation of avoided GHGs, calculation of relevant costs, assessment of degree of innovation and maturity, assessment of policies.

IPCEIs may represent a very important contribution to economic growth, jobs and competitiveness for the Union industry and economy in view of their positive spillover effects on the internal market and the Union society. 

IPCEIs make it possible to bring together knowledge, expertise, financial resources and economic actors throughout the Union, so as to overcome important market or systemic failures and societal challenges which could not otherwise be addressed. 

They are designed to bring together public and private sectors to undertake large-scale projects that provide significant benefits to the Union and its citizens. 

IPCEIs can underpin all policies and actions that achieve common European objectives, in particular the European Green Deal, the Digital Strategy, the New Industrial Strategy for Europe and Next Generation EU. IPCEIs can also contribute to a sustainable recovery following serious economic disturbances such as those caused by the COVID-19 pandemic and support efforts to strengthen the EU social and economic resilience.

Expression of interest:

1. Support of Development of the first version of Project Portfolio
2. Budget definition and relative eligible costs
3. Partnership definition
4. Planning of knowledge sharing strategy

Pre-notification phase:

1. Support in the elaboration of "General Input to chapeau document"
2. Support in the elaboration of "Specific input to chapeau document"
3. Support in the elaboration of "First draft of project portfolio"
4. Support in the elaboration of "First version of project portfolio"

Notification phase:

1. Fine tuning of project proposal and relative documents
2. Coordination of MISE relationship
3. Coordination of EC and DG COMP relationship
4. Definition of next steps and grant awarding

Case-studies

1. Shipbuilding: RINA is providing technical support for the preparation and submission of three projects in the field of transport and infrastructure within the IPCEI hydrogen. Activities include: development of Project portfolio including funding gap calculation, development of inputs to the Chapeau document, coordination of MISE an DG COMP relationship

To help repair the economic and social damage caused by the coronavirus pandemic, the European Commission, the European Parliament and EU leaders have agreed on a recovery plan that will lead the way out of the crisis and lay the foundations for a modern and more sustainable Europe:Next generation Europe.

RINA Support

• Opportunities’ identification (funding and regulatory changes) within the RRF (Recovery and Resilience Facility) and l MFF (Multiannual Financial Framework)
• Definition of the technical project in terms of innovation and sustainability (materials, climatic impacts, circularity
• Assessment of socio-economic and environmental impacts according to the EC guidelines
• Definition of economic and financial scenarios for the optimization of aid intensity
• Definition of the narrative supporting the candidacy with reference to the policy framework
• Submission of candidacies, negotiation tables and contractual formalization
• Technical Project Execution (PMO), reporting of eligible expenses (PFO)
• Project KPIs monitoring dashboard and validation

Case-studies

1. Multi-utility: RINA is providing technical support for the preparation of proposal in the framework of Next Generation Europe. Our activities include: definition and development of technical proposal, innovation degree assessment, assessment of socio-economic impact, cost benefit analysis, definition of Business plan, permitting
2. ACEA S.p.A.: Framework contract for specialist consultancy services regarding the access and management of projects on national and European funded programs, including Next Generation Europe. Our activities: definition of technical and economic KPIs, assessment of socio-economic impact, cost benefit analysis and technical support for public funding access

Horizon Europe is the EU’s research and innovation framework programme running from 2021-2027.

- The budget for Horizon Europe at €95.5 billion (including €5.4 billion from the Next Generation of the EU – Recovery Fund). 
- The first Horizon Europe Strategic Plan (2021-2024) which sets out key strategic orientations for the support of research and innovation, was adopted on 15 March 2021. 
- The work programme for the European Research Council (ERC) was adopted on 22 February 2021. 
- The work programme for the European Innovation Council (EIC) was adopted on 17 March and the EIC was formally launched on 18 March. The main work programme dedicated to COVID-19 variants will be adopted in March the complete main work programme is expected to be adopted in April.
- The first calls will open following the adoption of the work programme each time.

RINA will support its clients in the Horizon Europe application process, providing technical assistance for the following activities:

1. Full application: Support in Consortium definition - Networking, Project Proposal Development and Submission
2. Negotiation: Support in Consortium Agreement preparation and Support in Grant Agreement preparation
3. Project Management: Technical Project Execution, Report of elegible expenses and Auditing support

 

 

LIFE is the EU’s fund for the environment, nature and climate action:

- Funded more than 2600 environmental projects since 1992. 
- Invested over €2.1 billion in projects, which have mobilised more than €5.2 billion euros in total.
- Helped nearly 500 local, regional and national authorities to develop, update and implement environmental legislation. 
- Involved more than 650 enterprises and industry organisations in the quest for green solutions, best practices and close-to-market technologies. 

The LIFE programme from 2021

The European Commission proposes to raise the budget of the LIFE programme to €5.4 billion between 2021 and 2027. 

Details of the next LIFE regulation, multiannual work programme and related calls for proposals are still under discussion by EC.

The new LIFE programme will cover the following areas:

- Nature and biodiversity
- Circular economy and quality of life
- Climate change mitigation and adaptation
- Clean energy transition 

A Call for project proposals will be published in the coming months. 

RINA will support its clients in the LIFE programme application process, providing technical assistance for the following activities:

1. Full application: Support in Consortium definition - Networking, Project Proposal Development and Submission
2. Negotiation: Support in Consortium Agreement preparation and Support in Grant Agreement preparation
3. Project Management: Technical Project Execution, Report of elegible expenses and Auditing support