Loans with capital discount
Acceptance of applications was finished in May 2nd, 2022
Medium and large companies that plan to invest at least EUR 10 million in their development are supported. A loan of up to 30% of the eligible costs of the project with a capital discount of up to 100% of the principal loan amount is granted within the program
The loan is meant for projects to be implemented in the fields of smart technologies, smart materials, technology and engineering systems, information and communication, smart energy and mobility.
The programme is implemented by the Investment and Development Agency of Latvia and ALTUM.
Conditions
Investment projects are selected by the Investment and Development Agency of Latvia (LIAA).
Investment projects that are selected by the LIAA will be forwarded to ALTUM for further loan application assessment.
Post-monitoring
Once a project is completed, the customer will notify the LIAA within two years as to when the post-monitoring process may commence.
Post-monitoring will continue for 3 years. During this time, the LIAA will determine whether the company’s investment goals and projected indicators are being achieved. ALTUM will apply a capital discount according to the decision of the LIAA.