Implementing a Sustainable Urban Mobility Plan could require huge investments in infrastructure, intermodal terminals, maintenance and network function, renewal and overhaul of rolling stock, etc. Successful financing of urban transport projects requires a mix of budgetary, regulatory and financial instruments.

At the European level, development of sustainable multi-modal mobility is one of the key challenges, thus different funding possibilities are available. In the current programming period, 9,63% of the total ERDF and CF funding for transport is allocated to urban transport and the promotion of clean urban transport, which amounts to 7,82 billion euros.

Horizon 2020 will provide funding to support Sustainable Urban Mobility. The Transport Challenge is allocated a budget of €6.339 million for the period 2014-2020 and will contribute to four key objectives, each supported by specific activities.

European Commission's Sustainable Urban Mobility Plan (SUMP) Award aims at encouraging the adoption of Sustainable Urban Mobility Plans (SUMP) by local authorities across Europe and to reward outstanding achievements in each year's thematic priority area. The winning region or local authority will receive a prize 0 and international recognition for its initiatives.

CIVITAS CAPITAL is also supporting the take-up of sustainable urban mobility measures in Europe through an Activity Fund. This co-financing mechanism will encourage the transfer of successful measures from ‘pioneer’ cities to ‘take-up’ cities. Co-funding will be made available via four competitive calls between 2014 and 2015.