GREBE’s Funding Options tool provides information on the funding mechanisms currently available in the partner regions (Finland, Iceland, Ireland, Northern Ireland, Norway and Scotland). The information will be useful to both funding agencies (e.g. business support agencies and municipalities) and to SMEs giving details of funding options available in their regions. The tool will help to ensure that funders in the different regions can learn about mechanisms and implementation strategies in use in other parts of the NPA area.
The main focus is on public support for renewable businesses but both private sector and social investment options have been included where appropriate. The supports included are for SMEs and Micro businesses but also include options for those SMEs expected to grow rapidly (e.g. High Potential Start Ups). The business support funding mechanisms considered vary from standard ‘hard’ business support options (e.g. loans and venture capital) to softer supports (e.g. innovation schemes, business partner search supports etc.). Options are available to search for mechanisms which are specific to the renewable energy sector, and also based on the geographical area (local, region, national, EU etc.) the support covers. There is considerable variation in the ways different funding options are implemented and these differences will impact on the success of schemes.
Renewable businesses in each region will be able to check what supports are available in their own region and contact points for applications. GREBE’s Business Supports Catalogue is also available to download on the tool. We hope that by using this tool those who seek funding and support for renewable businesses will have a clear portfolio of options which are available to them. This tool is available on our renewablebusiness.eu platform at http://support.renewablebusiness.eu/