The City of Ghent will be providing low-interest long-term loans to its citizens. The advantageous funding amounts to 13 million euros and is meant to facilitate the energy transition of households and the city as a whole. The new system is expected to start operating from next spring.
The residents of the Flemish city are in great need of energy loans as half of them lack the financial means to invest in climate renovations. This is what a study by Professor Johan Albrecht from the University of Ghent and the Agoria Industry Federation have concluded. Based on their findings and on the need to improve the quality of life of local residents, the city administration decided to launch a rolling fund with advantageous loans, open to everyone who needs them.