The Flemish Prime Minister Matthias Diependaele (nationalist) has announced that 70 million euro will be invested making industry in our region more sustainable. Mr Diependaele, whose ministerial responsibilities also include industry announced the launch of Climate Leap, a project that offers subsidies to companies wishing to purchase large electric boilers and/or heat pumps to reduce their CO2 emissions while he was at the World Economic Forum in Davos. The project received the backing of the full Flemish cabinet on Friday.
Funds from Climate Leap project will be allocated via an auction system in which the projects with the greatest CO2 reduction per euro spent will be prioritised. Companies can submit proposals until May this year.
Mr Diependaele told journalists that “Flemish industry is currently struggling with high energy costs and is becoming less competitive”. This investment offers support to industry in difficult times and helps companies to make energy transition profitable and safeguard our prosperity”