Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure BE-2002-1/2688 – measures in Belgium
, applies regionally
|Time period||Open ended, started on 01 January 2002|
|Context||Green Transition, Restructuring Support Instruments|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Dries Van Herreweghe (Katholieke Universiteit Leuven) and Eurofound|
|Measure added||23 June 2022 (updated 09 November 2022)|
In order to facilitate the Green Transition, the Easy'Green loan was established. It provides attractive conditions for financing projects to reduce carbon footprint.
The programme supports Belgian VSEs and SMEs, based in Wallonia, that develop innovative projects that reduce carbon emissions (eco-innovation). In addition the company has to exist for more than 3 years, is not considered to be in financial difficulty.
All sectors are eligible, apart for some exceptions:
Easy'Green supports circular economy solutions and endorses the development of innovations having a direct impact on reducing carbon emissions. Besides, the programme aims to help enterprises reduce their energy consumption.
Within the framework of the Easy'green system, companies may benefit from:
For the realisation of an eco-innovative project, the programme offers many different financing formulas in various forms and capital.
The maximum project amount should not exceed €1 million per project, there is no minimum amount.
The duration of the project can vary (there is a possibility of deferment)
The project is managed by Novallia, a subsidiary of Sowalfin. Sowalfin is a public limited company founded by the Walloon Government in 2002 to facilitate access to finance for businesses. Funding is provided via the ERDF (European Regional Development Fund) programme in a collaboration between Wallonnia and the European government.
As of Septmber 2020, approximately 170 projects are supported by Easy'Green and a funding granted of €33 million. It is estimated that these projects combined save approximately 11,000 tonnes of CO2 every year.
|Does not apply to workers||Applies to all businesses||Does not apply to citizens|
Local / regional government
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
Eurofound (2022), Easy'Green, measure BE-2002-1/2688 (measures in Belgium), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/BE-2002-1_2688.html
30 January 2023
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.