Support Programme

 

GIF - green loans

Sector:
All sectors
Type:
financial support
Year:
2014-2999
Target group:
All types of companies and organisations
Impacts:
Energy Materials Water
Where is this support available:
Denmark

The Danish Green Investment Fund (GIF) is an independent state fund for co-financing economically viable projects that facilitate and support sustainable development in the country. Privately-held companies, non-profit housing associations, and public-sector companies and institutions (with budgets separate from the municipalities, regions and the state) can apply for a loan from the fund.

The fund was established as part of the 2014 'Et Grønnere Danmark' (A Greener Denmark) programme which  seeks to bridge the gap between traditional bank financing and equity capital. The individual loans have a maximum maturity of 30 years, and the fund is generally able to finance up to 60 % of the total costs associated with the given project.

The fund has a net capitalisation of up to DKK 200 million (~€ 27 million), as well as a state-guaranteed lending limit of up to DKK 5 billion (~€ 0.8 billion) in capital.

Eligible projects: firstly, the project must contribute to the sustainable development of society with a measurable 'green effect' (e.g. in terms of reduced CO2 emmissions or energy consumption); secondly, the project must be economically viable (e.g. possible to repay the loan with interest matching the underlying risk).