GRANTS FOR PROJECT COMPANIES

    SUPPORT TO SMALL AND MEDIUM-SIZED ENTERPRISES

    Through IFU, Danish small and medium-sized enterprises can obtain financial support for preparation and start of projects when setting up business in developing countries and growth markets

    Small and medium-sized enterprises form a large part of Danish industry, but these companies often lack the necessary resources to make investments in difficult markets. Consequently, Danida and IFU have established an SME facility which can support the individual company in the preparation and implementation of projects in developing countries.

    Financial support can be obtained for e.g. preparation of a business strategy, organisational and managerial development, feasibility studies, recruitment, environmental studies, training; and implementation of CSR initiatives.

    What is an SME?

    The facility is for small and medium-sized Danish enterprises. These are defined as companies with:

    • Less than 250 employees
    • A turnover of less than EUR 50m or a balance of less than EUR 43m

    Scope

    The maximum amount for a single project is DKK 1.5m divided in two with DKK 750,000 for the preparatory phase and for the start-up phase, respectively. The support is granted as a supplement to the company’s own investment and can only cover up to 50 per cent of the actual costs and 25 per cent of the total investment.

    Approval by IFU

    The facility is an integrated part of IFU’s work with investments in developing countries. Accordingly, Danish SMEs wishing to apply for support must be approved in accordance with IFU’s normal appraisal procedures focussing on the financial sustainability and contribution to the development in the investment country.

    How to apply?

    Contact Investment Director Ib Albertsen or Senior Investment Manager Anne Kathrine Oxenvad for further information.

    GRANTS FROM THE NEIGHBOURHOOD ENERGY FACILITY

    Grants are provided to increase energy efficiency and develop new climate projects with the aim of reducing greenhouse gas emissions

    Grants from the Neighbourhood Energy Facility (NEF) can be used to undertake feasibility studies to make companies more energy efficient and to develop new climate projects that lead to a significant net reduction in greenhouse gas emissions.

    NEF is intended to promote investments in the energy efficiency and renewable energy sector. Accordingly, NEF in intended for projects in companies that IFU directly or through its managed funds is or has been an investor in or is considering to invest in.

    Eligible countries

    Albania, Belarus, Bosnia-Hercegovina, Georgia, Kosovo, Moldova, Ukraine, Armenia, Azerbaijan, Macedonia, Montenegro, Serbia and Turkey.

    Scope

    NEF can provide grants of up to DKK 1m per project, covering up to 75% of actual costs. Grants are given to make an assessment of how the company can:

    • Increase energy efficiency
    • Develop new climate projects
    • Develop new concepts for climate projects

    Approval by IFU

    The facility is an integrated part of IFU’s work with investments in developing countries. Accordingly, project companies wishing to apply for support must be approved in accordance with IFU’s normal appraisal procedures focussing on the financial sustainability and contribution to the development in the investment country.

    How to apply?

    Contact Lisbeth Erlands for further information.