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Economic Recovery Plan Subsidies

AS PART OF THE ECONOMIC RECOVERY PLAN, THE PRINCE’S GOVERNMENT IS INTRODUCING SUPPORT TO HELP BUSINESSES AND INDIVIDUALS TO MAKE THEIR ENERGY TRANSITION:

As part of the economic recovery plan, the Prince’s Government is introducing additional support to help businesses and individuals make their energy transition. 

In response to the COVID-19 pandemic, the Government is rolling out an ambitious recovery plan worth €75 million, approved by the National Council, to support our economy.

A number of the measures aim to fully or partially renovate our built heritage, and to make conditions more comfortable for residents while at the same time increasing energy efficiency.

The measures are time-limited and can be combined.

Financial support is being offered to the first 100 traders to apply, for work to improve or renovate their premises, windows, signs or screens carried out before 30/06/2021. Available aid amounts to 20% of the cost of work (including all taxes) and is capped at €10,000.

Want more information? Contact the Department of Forward Studies, Urban Planning and Mobility.

For owners of a notable building or managers of a co-owned building listed as notable, an incentive amounting to 30% of the work (including all taxes), capped at €20,000, is being introduced for restoration carried out before 31/12/2021. This can include the restoration of facades, the replacement of shutters, new entrance doors, the repair of ornamental features or decorations, correction of inappropriate alterations, work on the roof, etc.

Want more information? Contact the Department of Forward Studies, Urban Planning and Mobility.

Carbon and environmental assessment, CSR or zero-carbon strategy, energy efficiency, transport plan, waste management and/or a reduction in single-use plastics... A support scheme coordinated by the Mission for Energy Transition will soon be launched for signatories of the National Pact, aimed at helping them with their zero-carbon strategies, and their energy transition reviews and plans. 

It prioritises the oldest buildings which are responsible for the highest greenhouse gas emissions, and offer a subsidy for studies and work (roofing and wall insulation, change in energy generation, etc.) with strong potential to reduce greenhouse gas emissions as highlighted following energy audits. Projects are required to comply with a BD2M approach.

For further information and to express interest in the initiative, please email: transition-energetique@gouv.mc

Subsidies may be granted to Monegasque nationals and residents of the Principality to carry out alterations in their homes in Monaco. This subsidy, which is paid directly to the company on presentation of the invoice, can be applied for by the tenant or owner, in accordance with the following conditions:

- 20% of the cost of work, capped at €2,000 per home, for those over 65

- 20% of the cost of work, capped at €1,500 per home, for those under 65

Want more information? Contact the Department of Health and Social Affairs

 

 

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Mission for Energy Transition

18 Allée Lazare Sauvaigo
98000 MONACO

Phone Number : (+377) 98 98 47 59
http://energy-transition.gouv.mc/Means-of-action/Subsidies/Economic-Recovery-Plan-Subsidies