The Public Sector Loan Facility (PSLF) is the third Pillar of the Just Transition Mechanism (JTM). PSLF supports projects addressing social, environmental and economic challenges deriving from the transition to the European Union’s climate target objectives.

PSLF combines European Investment Bank (EIB) loans (up to EUR 10 billion) and EU grants (up to EUR 1.5 billion) to mobilise additional investments to help most affected regions to meet their development needs. It will finance projects which do not generate a sufficient stream of revenues to cover investment costs.

A wide range of sectors, including circular economy, are eligible for funding. Public sector entities (or private bodies with a public service mission) wishing to finance projects located in (or benefitting) a just transition territory as identified in the Territorial Just Transition Plans (TJTPs) can submit their loan request to the EIB and their related project proposal to the European Commission via open multi-annual call for proposals with three submission deadlines per year until 2025. The next submission deadline is 19 September 2023. Support can also be received for the preparation, development, and implementation of investment projects via the InvestEU Advisory Hub.

For a comprehensive overview of the Public Sector Loan Facility, please visit the:

• CINEA website on PSLF
• EIB website on Just transition  and
• recordings of the PSLF Info Days.