Financing new development projects in Ida-Virumaa includes two main processes:
- Financing construction
- Purchasing equipment
To finance construction, the following options can be used:
- Long-term loans from commercial Estonian banks with Kredex warranty (up to 10 years) http://www.kredex.ee/en/enterprise/laen-ja-kaendus/laenukaendus/
- Short-term financing from a construction company (up to 2 years)
- A grant for connecting to electricity mains, water supply and communication networks (up to 100,000 EUR, but no more than 60% of the total cost of works)
- Grants to large-scale investors for the construction and purchase of the equipment (from 1 mln EUR provided that the amount of investments is over 10 mln EUR). https://www.eas.ee/service/large-investor-support-scheme/?lang=en
Purchasing equipment:
- Finance lease from UniCredit Leasing https://www.unicredit.ee/en/leasing-for-companies/leasing/industrial-equipment/
- Loan for technology implementation from Kredex http://www.kredex.ee/en/enterprise/laen-ja-kaendus/technology-loan/
Government and EU support schemes change frequently. Please contact us to find out which grants and subsidies are available for your business at the moment.