The Strategic Banking Corporation of Ireland (SBCI) and Business Venture Partners (BVP) have partnered to launch a €50m green loan fund for SMEs.
The Green Transition Finance product is designed to support the green and sustainable transition of Irish businesses, specifically SMEs and small mid-caps investing in green projects and assets as well as those already operating sustainably.
Loans range from €500,000 to €5m on terms of up to 10 years with competitive interest rates and flexible repayment terms to support business growth.
The fund will be managed by venture investor BVP and the majority of funding will be provided by the SBCI. It also benefits from the provision of the InvestEU Sustainability Portfolio Guarantee Product, operated by the European Investment Fund (EIF).
“This innovative and competitive €50m fund combines the significant financial and investment expertise of the two organisations, particularly in the area of sustainable investment practices,” said Minister for Finance Jack Chambers.
“It is …