To swiftly roll out sustainable mobility innovations, cities need appropriate funding. Without a clear approach to the funding, financing and business models behind mobility innovations, even the most ambitious and boundary-pushing local authorities will struggle with implementation. In addition, new funding mechanisms, financing schemes, and business models can themselves be innovations with far-reaching potential and impact. FastTrack, therefore, supported participating cities in finding the right funding, financing and business models to make their sustainable mobility futures a reality.
CIVITAS FastTrack has helped cities accelerate the roll-out of sustainable mobility innovations through knowledge-exchange and capacity building. It supports participating cities in considering how mobility innovations require sufficient funding schemes, and how this can speed-up the uptake of innovations.
FastTrack cities has identified three topics of particular interest when considering the relationship between mobility innovations and financing:
- Combining funding sources
- Generating revenue
- Public-private partnerships
Cities developed their capacity in these domains through knowledge-exchange and expert inputs.