Self-sufficiency, faster diffusion, and wider socially better choice: ambitious projects are the choice for Strategic Investments
According to the programmes of the Construction Sector, “the European Fund for Strategic Investments must allocate funds for radical renovation projects of buildings“.
A new report published today by Copenhagen Economics concludes that radical renovation projects are more cost-effective and cost-effective in meeting the core operational objectives of the European Fund for Strategic Investments (EFSI) and recommends the implementation of a project selection process to prioritise investments that are ready to start and have a high rate of return on social benefits through the effective diffusion of funds.
Eurima, Glass for Europe, EuroACE, PU Europe and the Renovate Europe Campaign hailed the report as a clear indication that building renovation is one of the smartest and most cost-effective ways to mobilise investment to boost growth.
“The European Strategic Investment Fund aims to prioritise projects that enhance short- and medium-term activity while providing high returns to society,” said Adrian Joyce, Secretary-General of EuroACE and Head of the Renovate Europe Campaign,“this report shows that the renovation of buildings can meet all these requirements very effectively” .
“Energy infrastructure is usually the main topic of discussion when planning EFSI projects,” added Bertrand Cazes, General Secretary for Glass for Europe,“however, if we consider the building sector as an essential part of our energy infrastructure, it becomes clear that high priority should be given to building renovation projects.“
“The significant benefits of renovating buildings must be recognised in the appropriate set of criteria that exist in the operation of EFSI,” added Oliver Loebel, Secretary-General of PU Europe, “investments that are ready to start and can grow quickly with substantial benefits to society must be given priority.”
“Both research and real experience,” added Jan te Bos, CEO of Eurima, “have shown that radical renovation projects are fully in line with the EU’s top priorities: reducing greenhouse gas emissions and import dependence, while at the same time providing high returns to growth and employment, as recognised in the recently adopted Energy Union Strategy. “The EU institutions must take action by securing a portion of EFSI funds to be invested in major building renovation project”.
Here you may find the published report: The role of building renovation in the EU investment strategy.