On Thursday, 25 October, the European Commission approved an investment package of EUR 243 million from the EU’s budget to fund projects under the LIFE Programme.
The programme supports projects focusing on the conservation of nature and the landscape, the environment, and climate across the whole European Union. The project’s objective is to promote the development of low-emission economy and contribute to the conservation of the environment and biodiversity. The programme started in 1992 and has since supported over 4,600 projects in the European Union and third countries.
Of the total EUR 243 million, EUR 196.2 million will be allocated to supporting projects related to the environment and efficient use of resources, nature and biodiversity, environmental management and raising awareness of the environment. The remaining EUR 46.8 million is earmarked for projects focusing on the mitigation of climate change, adaptation to it or climate management.
Based on the sub-programme, corporate entities, public entities, universities, scientific research institutions and others will be eligible to apply for aid.
The article is part of dReport – December 2018, Tax news; Grants and investment Incentives.