RRF loans for green transition

Based on 2 parameters

The final percentage of the investment plan that will be financed through a loan from the Recovery and Resilience Facility (RRF) depends on:

1. The percentage of expenditures in every investment category.
2. Whether it falls within 1 or more investment categories.

Up to 50% from the RRF

Digital transformation must be financed:

• 50% maximum through an RRF loan
• 30% minimum through a co-financing loan
• 20% minimum through investor own funds

With personal guarantees or collateral

The RRF loan may be secured with assets and/or guarantees, in line with our lending policy.

The same collateral is also used for the co-financing loan, according to the pari passu principle.

Lump-sum or multiple disbursements

The RRF loan and the co-financing loan may be disbursed in a lump sum or in multiple disbursements, depending on the progress of the eligible investment.

Minimum interest rate depending on business size

The minimum interest rate of the RRF loan is determined by ministerial decision:

• 0.35% for small and micro businesses
• 1% for medium-sized and large businesses

Due to the low interest rate of the RRF loans, the total interest for financing is very competitive.

From 3 to 15 years

The RFF loan term is 3 to 15 years, depending on the nature of the investment and our lending policy.

Up to 5 years grace period

You may get up to 3 years grace period to repay the RRF loan and the co-financing loan.

The grace period may be extended by up to 5 years, if the eligible expenditures take up more time.

9 categories of investments

The green transition projects fall within 9 categories of investments:

• Green technologies
• Green skills
• Biodiversity
• Energy efficiency
• Building renovation
• Preservation of energy security
• Circular economy
• Sustainable development
• Creation of jobs

Examples of eligible investments

The eligible investments must exclusively be private. For example, they may pertain to:

• Reduction in greenhouse gas emissions and improvement in energy efficiency.
• Energy efficiency through renovation of existing housing stock.
• Construction of new energy-efficient buildings.
• Power production from wind and solar sources and biomass (renewable energy sources).
• Smart energy systems.
• Large-scale IT equipment, data centres, sensors, wireless equipment in line with the carbon emission reduction and energy efficiency criteria.
• Digitisation of transports that aims to reduce greenhouse gas emissions.
• Protection, restoration and sustainable use of Natura 2000 areas.
• High efficiency cogeneration, teleheating and telecooling.
• Use of recycled materials as raw materials that comply with the efficiency criteria.
• Waste collection and processing in line with the energy efficiency criteria.

Eligible expenditures

• Purchase, use (depreciation / leasing) and landscaping of land plots
• Purchase / construction and use of buildings (depreciation / leasing)
• Purchase / construction and use of equipment (depreciation / leasing)
• Purchase and use of vehicles (depreciation / leasing)
• Purchase / construction and use of intangible assets (amortisation / subscriptions)
• Payroll linked to the investment plan
• Travel / expense report
• Third-party services
• Consumables
• Operating expenses (communication, energy, maintenance, lease payments, administrative expenses, insurance etc.)
• Cost of capital
• Working capital (operating expenses, costs linked to the company’s transaction cycle, VAT, etc.)
• Marketing and communication expenses

Have a look at the restrictions on eligible expenditures.