R&D INSIGHT LEAD STORY
In March 2016, the European Builders Confederation (EBC) and the International Union of Property Owners (UIPI) co-organised a workshop to examine how the Juncker Plan could be used to boost private investment in “small scale” energy efficiency renovationn
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he Juncker Plan has created the European Fund for Strategic Investment (EFSI) to guaranteed €315 billion over the next three years to kick start investment,
jobs and growth into Europe’s economy. The plan established a new pipeline and assistance programme designed to channel the money to where it is most needed. It also outlines a roadmap for this investment that removes regulatory bottlenecks. The meeting in March saw European
associations of construction SMEs and private property owners joining forces to address the key question of how to finance energy efficiency retrofitting in the largest and most fragmented section of the European building stock: the privately owned residential sector. 75 per cent of the entire area of European building stock is in residential buildings. SMEs carry out 70 per cent of their activities in the residential sector. This means that small and medium companies, along with property owners, are the key actors for upscaling energy efficiency in homes. The workshop explored the triggering potential of the EFSI to increase renovation
in the private housing stock. It brought together more than 140 stakeholders in energy efficiency in the building sector. Patrick Liébus, President of the European
Builders Confederation EBC, said: “Any new way to finance energy retrofitting of buildings is welcome. The Juncker Plan is not the silver bullet, but the seminar demonstrated a possible way forward to finance energy efficiency. The Picardie Pass Renovation project shows an approach to using the investment plan, which is good for both owners and SMEs. Through the aggregation of companies, it boosts local businesses and promotes the upskilling of jobs.” Stratos Paradias, president of the
International Union of Property Owners UIPI, said: “We see the Juncker Plan as a promising instrument to support retrofitting in the private housing stock. The project presented today proves that EU funding can be used
to
renovation projects and answer certain needs. Yet, if we really want to trigger investment decisions and scale up renovation in the private residential sector, the challenge is to complement this type of
lending mechanism with the right mix of incentives tailored for individual homeowners
and landlords. We need
hundreds of thousands of Picardie Pass Renovation projects all over Europe!” Maria Spyraki, Member of the European
Parliament, said: “The EFSI was created to address market failure but it should avoid overlapping with other mechanisms. It should support private investments. It needs synergies and good and sustainable projects in order to work. Sustainability and complementarity are the keywords.” Miguel Gil-Tertre, Member of the Cabinet
aggregate
of Vice President Jyrki Katainen, said: “The investment plan for Europe offers great opportunities in the areas of energy efficiency and retrofitting. Already the EFSI has helped to finance such a project in France: 40,000 homes are now able to access long-term loans to improve insulation and make huge energy savings. We encourage project promoters to set up investment platforms to pool together smaller investments in order to get financing, as well as taking advantage of the new Project Portal which will help projects gain more visibility with investors.”
Insight Publishers | Projects
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