European Union

Regulation (EU) 2021/1229 of the European Parliament and of the Council on the public sector loan facility under the Just Transition Mechanism

Legislative

Eu Regulation

Passed in 2021

This document establishes the public sector loan facility (the ‘Facility’) for the duration of the 2021-2027 MFF in support of public sector entities by combining grants from the Union budget with loans granted by the finance partners, and sets out the objectives of the Facility. It lays down rules for the grant component of the Facility, covering in particular its budget, the forms of Union support and provisions on eligibility. The Facility shall provide support benefiting Union territories facing serious social, economic and environmental challenges deriving from the transition towards the Union’s 2030 climate target and the objective of climate neutrality in the Union by 2050.

Documents

Full text (English)