Just Transition Development Loan Fund

Objective of the Scheme

The Fund's objective is to improve access to financing for very small and medium-sized enterprises operating in the Region of Western Macedonia and the Megalopolis area (Municipalities of Megalopolis, Tripoli, Gortynia and Oichalia of the Peloponnese Region), to encourage investments and their general development for the smooth and fair transition to the post-lignite era and to achieve the objectives of the Just Development Transition Plan.

Action budget:

leverage of around €87m

Application submissions begin:

-

Application deadline:

open

Action budget:

leverage of around €87m

Application submissions begin:

-

Application deadline:

open

Small and Medium Enterprises, which, among other things, must:
• They operate legally in Greece.
• They operate in any eligible KAD
• They comply with the eligibility criteria and aid accumulation limits according to the applicable State Aid regulation.
• They are considered creditworthy in accordance with the applicable credit policy and the internal procedures of the financial institutions.
• They have completed the self-assessment process for the ESG Criteria and have submitted to the Hellenic Financial Institutions (HFI) the ESG Tracker Performance when submitting the funding application. It is noted that the results of the self-assessment through the ESG Tracker do not constitute eligibility criteria for the final recipient, and do not affect the credit rating of the HFI.

Investment loan:

Investment loans through De Minimis (EU 2831/2023)

Financing scheme:

50% Fund - 50% Credit Institution

Amount:

5.000€-500.000€

Investment loan:

Investment loans through De Minimis (EU 2831/2023)

Financing scheme:

50% Fund - 50% Credit Institution

Amount:

5.000€-500.000€

Duration:

1-10 years (grace period 12 months)

Disbursements:

one-time/in installments & within 4 months from signing the contract/before 31/12/2029

Collateral:

debt and/or real

Duration:

1-10 years (grace period 12 months)

Disbursements:

one-time/in installments & within 4 months from signing the contract/before 31/12/2029

Collateral:

debt and/or real

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