Home –  Urban Environment – New Riga – 

Foundation announces a EUR 50 000 worth grant competition for improving the Riga city centre

April 4, 2016

From this day until June 30 associations and institutions are welcome to submit their ideas to the ABLV Charitable Foundation's “New Riga” programme for improving the Riga city centre environment on the scale of a quarter, courtyard or street. The co-financing available at a rate of 80% may reach up to EUR 50 000.

Last year the Foundation's support went to a unique interactive fountain that no later than one month from now will be accessible to the residents and the guests of the city in Kronvalda Park next to the Riga Congress Hall.

Zanda Zilgalve, Chairman of the Board of the ABLV Charitable Foundation, revealed the following: “Last year we chose an original project, i.e. an interactive fountain that can be “conducted” with the fingertip movements of any person passing by, redirecting the water-flow without as much as touching the fountain. It is a work of authorship based on latest interactive technology, thus the fountain in Kronvalda Park is going to become the most modern fountain in Europe. This year we once again invite people to develop and submit their new ideas so that by working together we could make the Riga city environment even more enjoyable for ourselves and the guests of the city.”

“Urban Environment” is one of the ABLV Charitable Foundation's support fields aimed at upgrading the environment, developing construction projects of public significance and landscaping their adjacent areas for the promotion of an attractive and safe environment. Special attention is devoted to preserving the cultural heritage during modern development.

Applicants eligible to apply for the funding can be house-owner associations and cooperative partnerships of apartment owners, as well as State and municipal institutions that wish to improve and upgrade the areas they own or manage. The Foundation accepts project applications with a grant size from the Foundation of up to 80% of the total project costs, but at a cap of EUR 50 000. The ideas have to comply with the Riga’s Sustainable Development Strategy until 2030 and the Riga’s Development Programme for the Period from 2014-2020. The grant competition provisions and application forms are available at www.ablv.org in the “How to receive Financing” section.

The ABLV Charitable Foundation
The ABLV Charitable Foundation was established in 2006 by the ABLV Bank shareholders Ernests Bernis and Olegs Fils with a view of implementing into practice their own core values and encouraging the social and environmental responsibility of businesses. The Foundation operates as the key partner of ABLV Bank in the charity area, by supporting creative people and outstanding organisations that invest their efforts and knowledge to achieve goals of importance to society as a whole — to form an affluent, united and safe society. Since the establishment of the Foundation, it has focused its attention on contemporary art, the wellbeing of children and adolescents, education and the development of civic society, as well as it is a co-founder of the nascent Latvian Museum of Contemporary Art. Over the past years the Foundation has supported almost 270 projects with co-financing of over 2.5 million euros.

Show more