GREBE’s Funding Options Online Tool


Networking in Action #2

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/

The GREBE Business Supports Catalogue

3-2-funding-catalogue-report

This GREBE Business Supports Catalogue has been developed following a review of Renewable Energy business support funding mechanisms and funding options available to support the development of renewable businesses in the NPA region.

It 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 main focus is on public body 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.)

A short introduction on the methods and types of supports in each partner region is provided.  Information for each partner region is it then organised under the following categories:

  • Financial Support (grants, loans, equity investment)
  • Taxation or welfare supports or concessions for businesses
  • Soft supports e.g. mentoring, training, specialist advice, networks
  • Research and Development Supports
  • Social and Community supports (focused on not for profit)
  • Other- e.g. Incubation space or office space etc.

Within each of these categories there is considerable variation in the ways different funding options are implemented and these differences will impact on the success of schemes. We hope that by using this catalogue those who seeking funding and support for renewable businesses will have a clear portfolio of options which are available to them.

In the future the information in this catalogue will be used to create a web based tool allowing users to search for available funding options and to consider different types of funding available in each region.  The catalogues is available on the GREBE project website here