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Future Growth Loan Scheme
From Department of Enterprise, Trade and Employment
Published on
Last updated on
The Future Growth Loan Scheme offers up to €800m of loans to eligible businesses in Ireland over 7-10 years to support strategic long-term investment.
Eligible businesses include the primary agriculture sector and the seafood sector.
Loans can be used for:
- investing in tangible or intangible assets to increase productivity or efficiency
- set up or extend an establishment
- diversifying into new products
- changing a production process
- investing in tangible or intangible assets for process and organisational innovation
- investing in tangible and intangible assets on agricultural holdings linked to primary agricultural production (excludes purchase of land other than site costs or livestock)
- investing in the processing and marketing of agricultural products
This scheme is available to eligible SME and Small Mid-Cap businesses, including those in the primary agriculture (farming) and seafood (fishing) sectors in Ireland, to support strategic long-term investment.
The Future Growth Loan Scheme features a two-stage application process:
- applications for eligibility under the scheme will be made through the SBCI website. The SBCI will assess the applications and those successful will be issued an eligibility reference number
- apply for a loan under the scheme with one of the participating finance providers using the eligibility reference number
Once issued, an eligibility reference number is active for six months.
