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.