The Green Advisory Service for Sustainable Investments Support (Green Assist) is a new advisory initiative under InvestEU, funded from the LIFE programme. It aims at building up a pipeline for green investment projects that have a high impact. These projects target sectors of the natural capital and circular economy, but also non-environmental sectors.
Project promoters, financial institutions or other project partners may benefit from advisory services by distinguished experts. Experts are selected from an established pool (“Roster of experts”) or, for specific demands, recruited from other advisory services (e.g. capacity building, studies).
Any such advisory services are provided entirely free of charge, in case a request is accepted.
The European Green Deal Investment Plan acknowledges the need for promoting and facilitating investments in the green economy, notably in natural capital and circular economy management. It also recognises the need to strengthen technical assistance as a means to build up a pipeline for green investment projects with high impact.
GREEN ASSIST is an initiative with a funding budget of up to EUR 30 million, provided by the LIFE programme. It aims at helping public and private investors to trigger investments in green projects.
Advisory services accessible under GREEN ASSIST will be managed by one or several contractors, operating under the guidance and supervision of CINEA and DG ENVIRONMENT.
The call for tenders closed on 13 May. CINEA is currently evaluating applications. The selection of Framework Contractors is expected in the upcoming weeks.
GREEN ASSIST is currently looking for experts to enrol as advisors for the initiative. Check the role and requirements to become an expert!