InC2 is financed by the Environmental Fund under the objective 'transition to a circular economy', with an allocation of 1.5 million euros over a three-year period from 2019 to 2022.
Around 70% of this amount will be dedicated to the technical and financial support of Portuguese cities in local action planning for the circular economy, following a national invitation to tender for the creation of city networks, within the framework of Strategic Objective 1. Capacity building. The typology of beneficiaries and eligible expenses, the rates of co-financing and the volumes of funding available will be defined in the terms of reference of the future invitation to tender.
The remaining 30% of the initiative's allocation will be dedicated to Strategic Objectives 2. Capitalisation (8%), 3. Communication (10%) and 4. Technical Assistance (12%).
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