The LIFE multiannual work programme for 2014-2017 sets the framework for the next four years for the management of the new LIFE Programme 2014-2020. It contains an indicative budget, explains the selection methodology for projects and for operating grants and establishes outcome indicators for the two LIFE sub-programmes – for Environment and for Climate Action. The total budget for funding projects during the period covered amounts to €1.1 billion under the sub-programme for Environment and €0.36 billion under the sub-programme for Climate Action.
For the first time LIFE project funding also will be provided through innovative financial instruments. The LIFE Environment sub-programme contributes to one such instrument, the pilot Natural Capital Financing (NCFF) financial instrument, which falls under the Nature and Biodiversity project area and will help finance biodiversity projects, amongst other things. The work programme also features an indicative timetable for the calls for proposals for action and operating grants as well as for the two pilot financial instruments covered by it. The first calls are scheduled for May/June 2014.