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About SCF
Goals and mission Who we are? Our Team
Financial instruments
Urban Development Funds 2014-2020 Reinvestment 2024-2031 Circular Economy 2021-2027 Urban Development Funds 2021-2027
Projects
Urban development Tourism and cultural heritage
Contacts
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Reinvestment 2024-2031Reinvestment 2024-2031
Reinvestment 2024-2031
Requirements Financing Applying

FINANCIAL PRODUCTS

During the Reinvestment period (2024–2031), the Sustainable Cities Fund finances urban development projects through the provision of:

  • Investment loans;

  • Working capital loans, which are linked to or complement an investment loan granted by FSC to Eligible Final Recipients.

Maximum Financing Amount

  • Urban development – the total investment by the Urban Development Fund (UDF) in an eligible project may not exceed EUR 22,000,000.

Maximum Individual Exposure

The maximum individual exposure may amount to up to 20% of the financing provided by the Fund Manager of Financial Instruments in Bulgaria (FMFIB), with the exception of the State and Sofia Municipality.

Beneficiary’s Own Contribution

The final recipient must provide a minimum own contribution of 15% of the total investment project cost.

A lower minimum own contribution (below 15%) is permissible for public final recipients.

Repayment Periods

  • Minimum maturity: 12 months.

  • Maximum maturity: 240 months (20 years), but not later than June 2045.

Maximum Grace Period for Principal Repayment

  • Up to 36 months (3 years).

Expanded Opportunities for Financing Public Projects

  • Financing of beneficiaries under administrative grant agreements with the Managing Authority of the Programme “Regions in Development” 2021–2027 (PRD 2021–2027), for the purpose of securing own contribution (where applicable) and/or complementing the financing, in compliance with Article 37(8) and (9) of Regulation (EU) No 1303/2013;

  • Financing of projects of municipalities, municipal companies, and other public entities generating societal benefits, including projects from reserve lists in municipal investment programmes that were not financed with grant support under OPRG 2014–2020, as well as other projects aligned with the objectives of the Integrated Territorial Development Plans (ITDPs).
    The funds required for repayment of UDF financing for such projects shall be secured, including from the revenues generated by the final recipient’s activities and/or from the municipal budget or the budget of the respective public entity;

  • Financing with recycled resources under OPRG 2014–2020 of the own contribution of public authorities for projects funded under the National Recovery and Resilience Plan (NRRP) is permissible, provided this is not explicitly restricted in the application guidelines of the respective NRRP scheme, is compliant with State aid cumulation rules under the Recovery and Resilience Facility, and respects the principles of avoidance of double financing and avoidance of pre-financing of NRRP grants with UDF resources.