The City of Rotterdam is making €100 million available for sustainable, innovative projects in Rotterdam. The 100 million for sustainable businesses comes from the Energy Transition Fund, set up to accelerate local energy transition and boost the economy.
The investment of €100 million comes from the sale of energy company Eneco. Scale-ups and large companies can, for example, use it to invest in innovative recycling or large-scale energy storage. In addition, Rotterdam is also making €30 million from the fund available for loans to SME’s. The Energy Transition Fund is a revolving fund, which means that the proceeds from investments flow back into the fund so that new investments can be made.
A green and economic boost
With the fund Rotterdam wants to reduce CO2 emissions, improve air quality and reduce the use of raw materials. According to Alderman Arno Bonte (Sustainability), the Energy Transition Fund also works as a lever: "We are helping the port of Rotterdam and industry on their way to a new and sustainable earnings model. From oil and coal to green hydrogen and large-scale wind farms in the North Sea. The energy transition is the new engine of Rotterdam's economy.
InnovationQuarter, the regional development company, will act as the fund manager of the Energy Transition Fund on behalf of the Municipality of Rotterdam. Rinke Zonneveld, Director InnovationQuarter: "Reducing CO2 and switching to a circular economy can go hand in hand with stimulating new business activity and creating many green jobs. With the Energy Transition Fund Rotterdam will co-invest in the frontrunners in the field of energy transition and the circular economy.”
Interested (Rotterdam-based) companies that want to contribute to the energy transition of Rotterdam can submit an application. Curious about the conditions for funding? General information about the Energie Transition Fund can be found at duurzaam010.nl.