This project is funded by the Horizon 2020 research and innovation programma of the EU. It started in June 2017 and will run for 4 years.
The goal is to develop innovative investment and financing solutions to help realize the ambitious climate action plans of local authorities in Flanders.that signed the Covenant of Mayors.

The so-called FLC Solution was tested at the conceptual level and builds on the results of several previous projects while integrating state of the art knowledge on sustainable energy financing. Unlike other solutions, the FLC solution considers local climate action plans in their entirety instead of adopting a more typical project-per-project view. It places a focus on lifting both financial and non-financial investment barriers and makes use of private capital instead in combination with public budgets.

In addition to acting as a scalable pilot to test the FLC solution in the field, FALCO will also develop accompanying policy and other measures to increase demand for investments.
Concretely, the project commits to realize 17 million euros of energy efficiency investments in SMEs and in public and private buildings. However, the possibilities extend much further and are estimated at 250 million € and more.

This way FALCO will contribute to the realization of the ambitious climate objectives to which 245 Flemish cities and municipalities have committed themselves.