Neighbourhood Investment Facility (NIF)

Donor: 
Any donor
European Union
Geographical focus: 
Global
Africa
Europe
Middle-East
Thematic focus: 
Tourism in general
Employment, decent work and capacity building in Tourism
Energy in Tourism
Infrastructure in Tourism
Trade, Investment and Competitiveness in Tourism
Sustainability of natural resources in Tourism
Intro text: 
Officially launched in 2008, NIF is financial mechanism aimed at mobilizing additional funding to cover the investment needs of the EU Neighbouring region for infrastructures in sectors such as transport, energy, the environment and social issues. NIF is administered by the European Commission, DG International Cooperation and Development

Official website

https://ec.europa.eu/europeaid/node/13971

Geographic focus

EU neighborhood countries

Who can apply?

Projects receiving a grant from the NIF must be located in an ENP partner country that has signed an Action Plan with the EU. To benefit from the NIF, a project has to be submitted by one of the European Public Finance Institution recognised by the NIF Board as eligible.

Objectives and activities

Objective: NIF is financial mechanism aimed at mobilising additional funding to cover the investment needs of the EU Neighbouring region for infrastructures in sectors such as transport, energy, the environment and social issues. The NIF also supports the private sector particularly through risk capital operations targeting Small and Medium-sized Enterprises.

Activities: NIF projects support the following objectives:

  • Establishing better energy and transport infrastructure interconnections between the EU and neighbouring countries and among neighbouring countries;
  • Addressing threats to the environment, including climate change; and
  • Promoting equitable socioeconomic development and job creation through support for SMEs and the social sector.

Type of tourism-related actions eligible for funding:

  • Egypt: Kafr El Shekh Wastewater Expansion (KESWE): Indirect benefits include an expected increase in the volume and quality of fish in Lake Burullus (70% of the country’s fishing industry), safer agriculture production, improved conditions for tourism and job creation.
  • Tunisia: the Integrated Depollution Programme will provide possibilities for the development of tourism activities.

Type and level of funding

For 2014-2017, the EU has indicatively earmarked EUR 595 million for NIF. Financial assistance is provided in the form of grants that complement loans from European Finance Institutions.