Smart Finance for Smart Buildings (SFSB) Financial Instrument
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Smart Finance for Smart Buildings (SFSB) Financial Instrument

Smart Finance for Smart Buildings SFSB): investing in energy efficiency in buildings Financial Instrument

The financial instrument is financed under the Operational Programme I – Fostering a competitive and sustainable economy to meet our challenges – 2014-2020.


The Smart Finance for Smart Buildings (SFSB) initiative, is aimed at making energy efficiency investments in both commercial and residential buildings, more attractive to private investors, through the intelligent use of EU funds as a form of guarantee. The instrument’s  main objective is to provide better access to finance for both private individuals and enterprises through capital relief and loss protection via the provision of a capped guarantee for investments related to the building envelope (e.g. insulation, windows & doors and other thermal performance measures) and investments related to the building system (e.g. domestic hot water, cooling systems, Building and Energy Management Systems).

The need for a Financial Instrument was established following an ex-ante study which confirmed the financing gap in the household and corporate sector in Energy Efficiency (EE) and Renewable Energy (RE) initiatives. The study proposed solutions to maximise the impact of public support though the implementation of a Financial Instrument which could help in filling the financing gap by:

-      Supporting the credit system in providing resources to EE/RE initiatives by using EU funds as a capped guarantee (e.g. reducing the risk of these transactions);

-        Helping households and enterprises by offering better conditions to access finance for EE/RE

-    Complementing other public support schemes, reducing grant dependency of EE/RE initiatives and therefore maximise the grant impact. 

The instrument is being implemented in collaboration between the Managing Authority and the European Investment Fund. The commercial bank that will act as a Financial Intermediary is expected to be chosen in early 2020 following an open Call for Services. 

Financial Information

Total Budget: €15M of ERDF financing

EU Co-Financing Rate: 80%  

Managing Authority

Planning and Priorities Coordination Division (PPCD)

Ministry for European Affairs and Equality (MEAE)

Triq il-Kukkanja,

Santa Venera, SVR 1411

+356 2200 1142/3

Managing Authority Website 


The approved OP and revised version of OPI – Fostering a competitive and sustainable economy to meet our challenges – 2014-2020 may be found here​

The executive summary of the Ex-Ante Assessment of Financial Instrument in Operational Programme I 2014-2020 financed through ERDF may be found here.​​​​​