Transformative Actions Program
Supporting local sustainable development projects since 2015
About
While funding for sustainable development is available and investors are eager to contribute, there is a lack of investment-ready projects, especially from local and regional governments. These actors often face challenges in meeting the technical, legal, and financial requirements of investors and Project Preparation Facilities, which tend to prioritize projects that fit their existing portfolios rather than those with potential impacts.
Led by ICLEI – Local Governments for Sustainability and supported by a consortium of specialized partners, TAP is a global initiative to help local and regional governments transform their concepts into solid and investment-ready projects.
Aims of TAP
- fill the gap between the availability and accessibility of funds and local sustainable development project
- facilitate and accelerating capital flows to cities, towns, and regions globally
- transform local ideas into actionable, investment-ready projects that drive sustainable development.
- support local and regional governments through the whole project cycle, including early-stage project preparation
- pursue and promote various financing sources and options that best fit each project and local circumstances
How TAP works
Projects are mobilized through annual calls and screened by experts in sustainable finance. Those with great potential for impact qualify for tailored feedback and, once considered investment-ready, are connected to project preparation facilities and financial partners that will support their implementation.
Throughout this process, TAP also provide tailored guidance, capacity-building opportunities, and access to tools and knowledge products.
TAP numbers (as of May 2024)
Projects that received improvements
Projects in the portfolio
Value of the TAP portfolio (in billion €)
Projects that accessed financing
TAP knowledge products
Developed with input from TAP partners and experts, these resources are designed to help local and regional actors navigate complex financial landscapes and build stronger, more bankable project proposals.
Case studies
This collection of TAP case studies showcases how local and regional actors around the world are turning bold ideas into investment-ready sustainable development projects.
Become a TAP partner
Over the next 50 years, cities, particularly in lower-income countries, are projected to build approximately 70% of the world’s new infrastructure. This is a significant opportunity to drive net-zero and resilient urban development, as well as laying the foundation for sustainable, climate-smart growth.
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To learn more about the TAP, contact us at tap@iclei.org.