Examples of Catalyst in a sentence
The overall cooperation between Catalyst and the Commission is to mobilise direct support of up to $1bn/€ 840 million over the period 2022-2026/7 and to leverage significant additional public and private funding for green technologies in the EU/Associated Countries.
The Commission through EIB may provide financing in the form of non-reimbursable contributions and/or quasi-equity, and Catalyst is able to provide financing in the form of non- reimbursable contributions, quasi-equity and/or equity, and/or mobilise contract project revenue support through the sale and purchase of project output (the “Contract Offtakes”) from Catalyst participants.
The ratio of privately-sourced capital mobilised by Catalyst to EIB funding covered by an EU guarantee is intended to achieve ‘equivalence.’ Catalyst will be responsible for crowding in sufficient private capital to finance the selected projects.
Non-reimbursable contributions by Catalyst and by the Commission through EIB, if any, are to be made directly to projects on a 1 to 1 ratio, in cash.
The Catalyst Stream is open to entrants seeking funding of between £500,000 and £2 million, and between £5-10 million in total may be awarded under this Stream.