Individual Guarantees in the Fisheries Sector
Stage of the instrument:
Maritime and Fisheries Programme
View program-
Individual Guarantees in the Fisheries Sector
- Market consultations
- Preparation of the documentation
- Application of financial intermediaries
- Review of offers and negotiations with candidates
- Selected financial intermediaries
- Funding of final recipients
The instrument is inactive or the investment period has ended
€2,68M
Instrument description
Financial resource
EUR 2.68 million public resource for individual guarantees
expected volume of guaranteed loans for final recipients over EUR 3.4 million
Objectives of the instrument
Stimulating lending in the sector for sustainable and viable projects;
- overcoming the difficulties of final recipients in their access to finance due to lack of sufficient collateral, high interest rates, high risk assessment of banks.
Final recipients
- enterprises in the sector (fish farming, aquaculture, fish and fish products processing);
- according to the eligibility conditions laid down in the strategies of the Local Fisheries Initiative Groups.
Type of funding
- Financing in accordance with the measures of MFP for:
- productive investments in aquaculture in the 'Recirculation systems' and 'Construction of new and extension and modernisation of existing aquaculture farms' sectors;
- encouraging new aquaculture producers developing sustainable aquaculture;
- implementation of Community-led local development strategies;
- processing of fisheries and aquaculture products.
- investment loans, investment-related working capital financing (excluding revolving credit and/or overdraft) and finance leases;
- stand-alone loans or loans in combination with grants for projects financed under MFP 2014-2020;
- a repayment period from 12 months to 10 years;
a principal grace period of up to 36 months for investment loans and up to 12 months for working capital loans;
individual guarantees from the Fund of Funds of up to 80% of each loan granted with a maximum guaranteed coverage of BGN 1 million, subject to the conditions of the applicable State aid regime.
Source of public resource
Maritime and Fisheries Programme 2014-2020 (MFP), co-financed by the European Maritime and Fisheries Fund 2014-2020.
Current stage of the instrument: investment period completed on 31.12.2023
Документи
- Source of public resource
- Maritime and Fisheries Programme ( 2014 - 2020 )
- Current stage of the instrument
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