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/

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GREBE Case Studies Report on Awareness and Understanding of Funding Supports

3.3.1. report image V2

The GREBE Project has published a report based on case studies on the awareness and understanding of funding for renewable energy businesses.  The report can be downloaded from the GREBE Website here

The key objective of this report was to identify and promote opportunities for policy to provide an effective supportive framework for sustainable renewable energy business (both new and emerging). The focus of this report was on the support and benefits that each case study received, including how the supports and benefits helped each business in terms of creating employment, finance or diversifying their business.  This report examines the funding mechanisms, criteria, application practicalities and business outcomes and innovations in the case studies.

When carrying out the report, the most popular funding mechanisms available to the renewable energy businesses were research & development supports and also financial supports. In Ireland one company received a support towards creating employment through the JobsPlus scheme.  JobsPlus is an employer incentive which encourages and rewards employers who offer employment opportunities. On the other hand support mechanisms such as social support, were not as popular throughout the partner regions.

Through analysing the chosen case studies, Finland, Iceland and Scotland have a number of different funding mechanisms were available to companies for certain types of projects, whereas in Northern Ireland only one type of support was available for certain projects.

All of the funding supports discussed throughout this report can be found in the GREBE business support catalogue at: http://grebeproject.eu/wp-content/uploads/2016/10/GREBE-Business-Supports-Catalog.pdf

The full report can be viewed at: http://grebeproject.eu/wp-content/uploads/2017/09/GREBE-Report-on-Awareness-Understanding-of-Funding-Options-August-2017.pdf