Award criteria
Article 8
1. The Commission shall rank the proposals on the basis of the following award criteria: (a) financial maturity of the project and economic viability of the final recipient, demonstrating the ability to comply with the repayment schedule set out in the loan agreement on the basis of successful execution of the business plan. The projects will need to demonstrate the incentive effect of the requested support and that the total mobilised financing for the manufacturing production site from private sources exceeds the Union contribution; (b) technical maturity of the project, demonstrating the ability to achieve full operation capacity within the required timeframe based on credible design and implementation plan; (c) contribution and added value for the European economy, including for the current and future resilience of the supply chain, notably in relation to components and manufacturing equipment, as well as consumption of critical raw materials, intellectual property rights, engagement with European stakeholders and research centers, skilled workforce, and supplying European downstream sectors. 2. In line with this ranking, the Commission may award the support from the Facility within the limits of the available budget.