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KredEx provides grants for the demolition of 31 obsolete residential buildings

11.02.2016

Last year, KredEx provided EUR 393,000 in grants for the demolition of 31 obsolete residential buildings. Applications in the total amount of EUR 440,000 were submitted for the demolition of 33 residential buildings.

The highest numbers of sites due for demolition are located in Ida-Viru (11), Valga (6) and Harju (5) Counties. Grants were also provided for the demolition of residential buildings in Pärnu (3), Lääne-Viru (2), Lääne (2), Jõgeva (1) and Viljandi (1) Counties.

According to Triin Reinsalu, Head of the Housing and Energy Efficiency Division at KredEx, demolition grants assist local governments in demolishing residential buildings that are aesthetically unappealing or in danger of collapse or present a fire risk. “Demolition of buildings that are obsolete or not suitable for renovation helps to improve the living environment and also increases safety. Vacated areas can be redesigned as public spaces or allowed to be reclaimed by nature,” Reinsalu said.

Local governments are eligible to apply to KredEx for grants for the demolition of obsolete residential buildings. The maximum amount of grant is EUR 60,000 per applicant and the grant rate is up to 70 per cent of the eligible costs.