Innovation Fund Large Scale Projects


Programme Category

EU Competitive Programmes

Programme Name

Innovation Fund (2021-2027)

Programme Description

The Innovation Fund program that helps reduce greenhouse gas (GHG) emissions.

“Large-scale” projects are projects with a capital expenditure of over € 7.5 million.

“Small scale” projects are projects with a total capital cost of less than € 7.5 million.

Programme Details

Identifier Code



Innovation Fund Large Scale Projects


The objectives of this call are to:

  • support projects demonstrating highly innovative technologies, processes or products, that are sufficiently mature and have a significant potential to reduce greenhouse gas emissions;
  • offer financial support tailored to market needs and risk profiles of eligible projects, while attracting additional public and private resources.

Detailed Call Description

The following activities can be funded under this call:

  • activities that support innovation in low-carbon technologies and processes in sectors listed in Annex I to the EU ETS Directive, including environmentally safe carbon capture and utilisation (CCU) that contributes substantially to mitigating climate change, as well as products substituting carbon intensive ones produced in sectors of the EU ETS Directive,
  • activities that help stimulate the construction and operation of projects that aim at the environmentally safe capture and geological storage of CO2 (CCS),
  • activities that help stimulate the construction and operation of innovative renewable energy and energy storage technologies.

Carbon capture and utilisation can be funded if the capture of CO2 occurs within one of the activities of the EU ETS Directive, or if the utilisation of CO2 results in products substituting carbon intensive ones from the sectors listed in Annex I to the EU ETS Directive even if carbon is captured outside the activities of Annex I.

The available budget for this call is € 1,500,000,000 for grants and € 2,000,000 for project development assistance (PDA). The grants will be provided as lump sums.

Call Total Budget

€1,500,000,000 / 2,000,000

Financing percentage by EU or other bodies / Level of Subsidy or Loan

Applicants must ensure that part of the grant amount requested is paid after financially closing a work package or upon completion of a previous work package the financial closure does not exceed 40% of the total amount of the grant requested.

Thematic Categories

  • Environment and Climate Change
  • Research, Technological Development and Innovation

Eligibility for Participation

  • Central Government
  • International Organisations
  • Large Enterprises
  • NGOs
  • Non Profit Organisations
  • Private Bodies
  • Researchers/Research Centers/Institutions
  • State-owned Enterprises

Eligibility For Participation Notes

In order to be eligible for funding under this call, the applicants must be:

  • legal persons;
  •  belong to one of the following categories: private entities, public entities, or international organisations;
  • be directly responsible for the implementation and management of the project where relevant jointly with other applicants, i.e. not acting as an intermediary.

The minimum number of applicants is one.

Call Opening Date


Call Closing Date


National Contact Point(s)

Ministry of Agriculture, Rural Development and Environment
Mrs. Maria Loizou
28th of October Avenue 20-22
2414 Engomi, Nicosia
Telephone: +357 22408955

Ministry of Research, Innovation and Digital Policy
Ms. Elena Poulli
29 Vyronos Avenue
1096 Nicosia
Telephone: +357 22691921

(Publish Date: 8/11/2021-for internal use only)

EU Contact Point

European Executive Agency for Climate, Infrastructure and the Environment