How to apply for assistance to carry out an exemplary renovation project

Assistance may be granted to help property owners and co-owned apartment buildings carry out energy transition projects.

The aim is to accelerate the comprehensive renovation of buildings as part of a BD2M approach focused on:

• Improving quality of life
• Guaranteeing optimal comfort for users in summer and winter
• Reducing greenhouse gas emissions including by making use of eco-friendly materials or greening
• Reducing energy bills by making use of renewable energy
• Etc.

The following may apply for this assistance:

• The property owner in their own name
• An agent for undivided joint ownership, in the case of multiple ownership
• A legal entity as owner
• The entire condominium, which may be made up of private or public owners, through its managing agent, or its representative, in the absence of a condominium managing agent

The assistance is spread out over a minimum of three years and can be combined with the other subsidies available for built heritage

Three sequential subsidies are available in line with project phases and environmental standards:

1. A subsidy for the development of a BD2M environmental renovation programme 
2. A subsidy for environmental studies of the work and, finally
3. A subsidy for a package of work

Aid is granted, in principle, on the basis of an application file.

In total, the budget for the call for exemplary renovation projects has been established to cover the following:

• Full support for 50 initial programmes up to a cap of €5,000, including taxes
• 75% support for 40 selected applications for environmental studies, with a cap of €54,000 including taxes and
• 9 winners who will receive a subsidy for work which may be up to 50% of the cost of the work, including:
  • 8 winners in the category covering buildings with surface areas of between 1,000 and 10,000 m²
  • 1 winner in the category covering large buildings (over 10,000 m²)

Eligible buildings must:

• Be located within Monaco 
• Have been completed before 1990 (delivery date before 01/01/1990) and have a corrected floor area of over 1,000 m² 
• Be a residential, tertiary or mixed-use building 
• Have had an energy audit carried out 
• Be subject to renovation not demolition/rebuilding
• Incorporate a Mediterranean Sustainable Buildings of Monaco (BD2M) approach, and
• Achieve a 50% reduction in greenhouse gas emissions

Buildings which are being renovated and having an upward extension added are eligible to apply for this call for projects, but they will be subjected to a special scoring grid. Greenhouse gas reductions will need to compare the renovated building and the upward extension to the existing building.

Details of how to obtain this assistance, which is being coordinated by the Mission for Energy Transition, are available in the specifications which can be downloaded here: Specifications for Exemplary Renovation Projects

For the Programme and Study subsidies, the schedule for the submission and review of applications is as follows: 31 January 2024 / 30 April 2024 / 31 July 2024/ 31 October 2024.

For work subsidies, the schedule for submitting design studies and BD2M design committee is as follows: 3 June 2024 / 4 November 2024.

To obtain the forms for requesting the subsidy, you can download them below:

Applications for the subsidy must be made to the Mission for Energy Transition: transition-energetique@gouv.mc

Payment of the aid is subject to approval of this file.