An open call for businesses to participate in GREBEs Entrepreneurship Enabler Scheme (EES) in Finland was launched in April 5th and ended in May 12th. The three companies to participate in the EES mentoring process during next autumn are Eno Energy Cooperative, Rajaforest Ltd. and Havel Ltd.
GREBE partner Karelia UAS shared information on the Finnish EES roll-out in public industry events and website. The scheme received the attention of SMEs considering renewing their business strategy and improving production development and efficiency. The selected companies are famous for long-term operation and innovation activities in forest energy.
Eno Energy Cooperative has been an example of heat entrepreneurship based on local forest raw materials. The cooperative with 54 members (mostly forest owners), was rewarded in 2014 as a Heat Entrepreneur/enterprise of the year. The cooperative is also famous as active developer in the sector, and generates significant socio-economic benefits to its surrounding region.
Rajaforest Ltd. is a forest contracting company and a heat enterprise. The company supplies timber and forest fuels, operates three municipal biomass district heating plant in Tohmajärvi, and owns and operates one in Kesälahti.
Havel Ltd. is a metal and plastic products manufacturer located in Ilomantsi. The company is a famous innovative product developer for forest technology and forest energy sector, among others. The company has also significant growth potential, in which GREBE EES can provide tailored support.
The EES in Finland has started with preliminary interviews and mentoring sessions will begin in autumn 2017.
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
The GREBE Project has launched its second e-zine to showcase the activities and ongoing goals of the project.
Since our e-zine in May, we have been working on implementing some of our project activities and this e-zine will highlight details of our new website, our Industry Advisory Group meetings, Policy Workshops, partner meetings in Inverness and Iceland, and the launch of the Northern Ireland pilot of our Entrepreneur Enabler Scheme.