Green Transition Finance

Providing flexible lending to support the green and sustainable transition of SMEs and Small Mid-Cap companies. This loan product is being implemented in cooperation with the European Investment Fund (InvestEU Guarantee Programme) with majority funding support being provided by the Strategic Banking Corporation of Ireland (SBCI).

Eligibility

Loans available to Small and Medium Enterprises (SMEs) or Small Mid-Caps as defined by the EU Commission Recommendation 2003/361/EC.

• Small and Medium Enterprises have fewer than 250 employees, annual turnover not exceeding €50m and/or annual balance sheet total not exceeding €43m.
• Small Mid-Caps have fewer than 500 employees and are not a Small and Medium Enterprise.

To be eligible for finance, businesses must be established in an EU Member State & operating in the Republic of Ireland.

In addition, the purpose of the loan must meet the eligibility criteria of the InvestEU SME and Small Mid-Cap Sustainability Guarantee Product.

You can check the eligibility criteria via this link or complete the contact us section on this website to arrange a call to discuss.

Loan Features

Loan amounts from €500,000 to €5,000,000
Loan terms up to 10 years.
Competitive interest rates with flexible repayment terms tailored to the purpose of the loan.
Typically senior debt, but subordinated debt positions considered.

Criteria

Loans can be tailored to meet the needs of businesses investing in a sustainable future. Businesses can qualify as eligible based on their operations under two main headings (and illustrative examples).

1. Companies operating in a sustainable manner

- Businesses involved in the development of clean energy/climate related technology or intellectual property rights.
- A sustainable or green business (with at least 90% of turnover coming from a list of specified activities).
- A sustainable or green business (with verifiable climate and environmental impacts achieved through its business model).
- An eco-Labelled business or environmentally certified company.
- The awarding of a cleantech or green prize from EU/National Institution/body/support scheme.

2. For investments in green and sustainable projects and assets

• Improving the energy efficiency of the industrial sector.
• Investments that enable resource savings through reuse, repair, refurbishment, remanufacturing, or recycling.
• Renewable energy projects: solar energy, ocean energy, wind power, geothermal heating, renewable energy transmission and distribution solutions, energy storage solutions, manufacture of renewable energy products.
• Commercial buildings where renovations lead to improved green and energy efficiency certification.
• Zero- and low-emission mobility assets and supporting infrastructure.
• Green ICT assets and digital solutions for mitigating climate change and enabling circular economy business models.
• Circular economy, waste prevention, recycling and waste reduction, collection, recovery and sustainable use of materials.
• Investments in climate adaptation and climate resilience.
• Investments related to sustainable management of natural resources including water resources, pollution prevention and control and restoration of biodiversity.
• Investments in sustainable and organic agriculture or aquacultural practices or sustainable forests.

Make an Enquiry

The examples above are not exhaustive and there are others which may be more applicable to your business. Remember, you can check the eligibility criteria via this link or complete the contact us section to arrange a call to discuss eligibility, your business operations and funding requirements..