France/Advantageous loans for local authorities

Published on 14/03/2023 | La rédaction

France

Bruno Le Maire has announced the renewal of the envelope of long-term loans from the Savings Fund to the local public sector and the lowering of the rate at which local authorities can finance investments dedicated to the ecological and energy transition via these loans distributed by the Banque des Territoires.

The local public sector plays a pivotal role in the deployment of public policies, in particular to drive the ecological and energy transition in our territories. Through this savings fund, managed by Caisse des Dépôts on behalf of the State, the regulated savings of the French people are mobilized to finance very long-term investments at the local level.

The Minister of the Economy has therefore authorized Banque des Territoires to mobilize a maximum of €28 billion in outstanding loans to the local public sector from the Savings Fund between now and 2027. 28 billion. Within this envelope, investments dedicated to the ecological and energy transition (energy renovation of public buildings, water cycle, low-carbon mobility, economic and ecological recovery, etc.) will be financed.carbon mobility, economic and ecological recovery, and securing the buildings needed to adapt to climate change) will now benefit from more advantageous conditions. Indeed, Bruno Le Maire has decided to lower exceptionally from February 1, 2023 the rate at which local governments can finance their investments in the ecological and energy transition with the Banque des Territoires . These loans are granted for a maximum period of 60 years and allow them to benefit from non-standard financing for all their investments, whether for mitigation or adaptation to climate change.

These loans can be combined with Green Fund grants. They are mainly (80%) granted to local authorities, with the remainder being granted to local public institutions or companies (eThe remainder is granted to local public institutions or companies (including semi-public companies) and national public institutions, for which access will be improved in the future.

Source: www.petitesaffiches.fr


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