JTM-PSLF (2022-2025) — Public Sector Loan Facility

The Just Transition Mechanism Public Sector Loan Facility (JTM-PSLF) is the third pillar of the EU's Just Transition Mechanism, blending an EU grant with European Investment Bank (EIB) lending to finance public-sector investments in territories transitioning away from fossil-fuel industries. Managed by CINEA. Designed for projects that do not generate sufficient revenue streams to cover their investment costs on their own. Total call envelope is €1.3125 billion across a four-year period (2022–2025 cycle), implemented through multi-annual national envelopes per country. The current cycle runs to 2027 with remaining submission cut-offs: 16 September 2026, 16 November 2026, and 16 February 2027 (final cut-off). Eligibility is restricted to EU Member States only — public bodies or private bodies entrusted with a public service mission. The grant is a lump sum equal to 15% of the EIB loan (25% if the project is in a less-developed region). The two topics differ in structure: PSLF-STANDALONE-PROJECTS supports a single defined investment; PSLF-LOAN-SCHEMES (also called Framework Loans) supports a portfolio of smaller investments under one umbrella. Projects must benefit a territory covered by an approved Territorial Just Transition Plan and align with its sectors and themes. Sectoral exclusions: nuclear, tobacco, fossil fuels.