Translated using ChatGPT service.
The application submission for the multi-apartment building energy efficiency support program ended on May 13, as all available funding allocated for general renovation measures was reserved in record time.
On April 3, 2025, the application process for the multi-apartment building energy efficiency enhancement support program began. The total available funding for the #ESfunds program is 173 million EUR. On the very first day of the program's opening, a record number of project applications was submitted, reaching nearly 100 submissions.
Applications can still be submitted for multi-apartment buildings if industrially manufactured wooden frame panels are planned for building renovation, as well as for multi-apartment buildings in the Latgale planning region, if the energy efficiency project aims to achieve a 10-29% primary energy savings. Funding with capital discounts is available for these activities.
The high interest and activity of the public regarding the energy efficiency support program were driven by the opportunity to apply for the program without full technical project documentation, which provides additional assurance to apartment owners that the project will receive funding, thus effectively easing the decision-making process for participation. With the simplified approach, 68% of the applications submitted to ALTUM were received.
The remaining applications were submitted by project applicants who have prepared the full project documentation and, following ALTUM's decision, are now waiting to select a contractor and begin work. The highest number of projects were submitted from the Riga region – 52%, followed by Vidzeme with 24%, Kurzeme – 10%, Zemgale – 9%, and Latgale – 5%. The most active city is Riga, with 102 project applications submitted.
The Ministry of Economics (EM) positively evaluates the high demand for the program and is actively working to find additional funding, as well as exploring the possibility of reallocating funding to continue the program. Currently, ALTUM also offers the opportunity to receive a loan for multi-apartment building repairs and landscaping work. We also encourage collaboration with building managers to ensure building maintenance and sustainability. For the latest updates on building renovation support, please follow the EM and ALTUM websites.