Urban Development Fund 2021-2027

Indicative budget of the instrument

EUR 236.2 million

Implementation mechanism

Capped portfolio guarantee, stand-alone guarantees and/or risk-sharing loans with the possibility to implement a financial instrument in combination with a grant in a single operation.

Objectives of the instrument

To provide debt financing for projects of final recipients from the private and public sectors, incl. in combination with a grant, aimed at promoting and developing measures that boost:

  • economic activity,
  • sustainable urban mobility,
  • health and social services,
  • education,
  • culture,
  • sports,
  • tourism,
  • energy efficiency,
  • measures to improve the quality of environmental elements, etc.

Source of public resource

Development of Regions Programme 2021-2027 (DRP), co-financed by the European Regional Development Fund and the national budget of the Republic of Bulgaria.

Possibility for additional resource

Opportunity to award additional resources under the following potential areas, which could complement and extend the scope of the targeted final recipients and eligible activities under DRP:

  • Debt facility for integrated territorial strategies under the CIEP 2021-2027 (Competitiveness and Innovation in Enterprises Programme)
  • Debt Facility funded with recycled resources under OPRG 2014-2020.

Current stage of the instrument

Selection of financial intermediaries.