Growth and Sustainability
Growth and Sustainability
A long-term low-cost scheme to support eligible businesses, including farmers and fishers, when investing in climate action and environmental sustainability.
If you are interested in discussing how the loan can benefit your enterprise, fill in our expression of interest form for a call back from one of our SME lending specialists.
The Growth and Sustainability Loan Scheme (GSLS) is established and offered by the Strategic Banking Corporation of Ireland (SBCI) and benefits from a guarantee that has been provided by the European Investment Fund (EIF), with support from the Department of Enterprise, Trade and Employment (DETE) and the Department of Agriculture, Food and the Marine (DAFM).
A guarantee fee is payable by the borrower and will be incorporated into the overall interest rate collected by the on-lender, payable to SBCI.
Applying for a loan is a two step process, beginning with an eligibility check on the SBCI Hub. If you want to simplify the journey or have questions along the way, our lending experts are here to assist you every step of the way. Simply fill out our expression of interest form above for a call back.
Viable SME and Small Mid-Cap businesses, including farmers and fishers, that meet the eligibility criteria.
SMEs are defined by the standard EU definition contained in Commission Recommendation 2003/361/EC as enterprises that:
A Small Mid-Cap is an enterprise that is not an SME but has fewer than 500 employees.
In addition, in order to be eligible for the scheme, SMEs must be established in an EU Member State and operating in the Republic of Ireland.
An SME or Small Mid-Cap that:
Loans under the Growth and Sustainable Loan Scheme will be eligible for either growth and resilience investment or climate action and environmentally sustainable purposes.
The Growth and Sustainability Loan Scheme operates under the following State aid measures:
For a more extensive description of the State aid measures applicable to the scheme, visit the SBCI website.
For a full list of Excluded Activities, visit the SBCI website.
NACE is the standard system used in the European Union for classifying business activity.
Download a list of NACE Codes applicable for the Scheme.
Click here to view a list of NACE Codes applicable for the Scheme.
Representative Example for total credit amount of €75,000:
8.70% Annual Percentage Rate (APR) representative is inclusive of an arrangement fee of 1.25% and based on a variable interest rate of 8.33%. Total credit €75,000. 96 monthly instalments of €1,073.03. Actual instalments are repayable seasonally with high season monthly instalment of €1,931.45 and low season monthly instalment of €1,287.64. Total cost of credit €28,948.38 (inc arrangement fee).
Please note the above example is representative and does not account for the impact of a Flex event.
Low Months are April / May / October / November.
High Months are June / July / August / September.