The decision establishing the management and control system for measures and investments to be financed by the Social Climate Fund (SCF) marks the start of the process to unlock €5.3 billion in funding for the 2027–2032 period.
The decision, signed by Alternate Minister of National Economy and Finance Nikos Papathanasis, will serve as the rulebook governing how the resources are used by the ministries and other authorities involved in implementing the fund. It effectively paves the way for applications to open.
Under the current plan, the €5.3 billion will finance 25 measures. These include programmes to improve the energy efficiency of 62,000 homes and 10,000 small businesses; the installation of 280,000 heat pumps and solar water heaters in homes; the construction of 2,350 homes for vulnerable households; and an increase of up to €100 a year in the heating allowance.
The SCF will also fund the procurement of new electric buses and metro trains, as well as a social leasing scheme offering electric vehicles at reduced rental rates to households with greater transport needs. Other measures include subsidies for the purchase or leasing of electric commercial vehicles — passenger cars, vans, medium-duty and heavy-duty vehicles — by small businesses, and a 100% subsidy for individual mobility aids for people with disabilities.
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