Background information

According to the amendments to the Cabinet of Ministers regulations no. 1065 "Regulations on loans for promoting the development of small (micro), small and medium companies and agricultural and forestry services cooperative societies" in 2022, the availability of financing for sustainability and energy efficiency was expanded. Previously, such financing was provided in the "Corporate Energy Efficiency Loan" .

Content of measure

The programme has several sections. The purpose of the loan for sustainability is to promote the growth of the company by implementing sustainability measures, thereby promoting long-term financial benefits and increasing competitiveness. The purpose of the Loan for Energy Efficiency is to support entrepreneurs who want to introduce or replace old - energy-inefficient - equipment with new - energy-efficient ones, in addition, so that these investments pay for themselves due to the energy saved. Activities can be carried out in the following groups: Energy efficiency (equipment and process improvements, HVAC, LED lighting); Sustainable transport (emission-free individual and public transport, sharing, charging infrastructure); Renewable energy (solar and wind energy, storage, bioenergy); Green buildings (construction of class A or higher class buildings); *Transition to a low carbon economy (decarbonization of the product life cycle and supply chains, low CO2 emission technologies). Loans of up to €5,000,000 are available with companies’ contribution from 10%, and collateral requirements are reduced. An energy grant is also available in the programme, which is support for companies that are still planning to take measures to improve energy efficiency. The grant is support for energy efficiency research and technical calculations. The amount of the grant is up to 85% of the cost of preparing the technical documentation of the energy efficiency project.

Use of measure

In the period from 01 June 2019 to 31 August 2024 (thus including the previous programme), 55 loans were issued for a total amount of €25 million in the energy efficiency program. In the sustainability programme, 36 loans for a total amount of €40 million were issued in the period from 01 March 2022 to 31 August 2024.

Target groups

Workers	Businesses	Citizens
Does not apply to workers	Applies to all businesses	Does not apply to citizens

Actors and funding

Actors	Funding
National government	European Funds National funds

Social partners

Social partners' role in designing the measure and form of involvement:

	Trade unions	Employers' organisations
Role	No involvement as case not in social partner domain	Informed
Form	Not applicable	Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

• Unknown
• Main level of involvement: Unknown

Involvement

No involvement.

Views and reactions

No specific views to report

Sources

• 14 October 2024: Aizdevums uzņēmumu energoefektivitātei un ilgtspējai (www.altum.lv)
• 14 October 2024: Atbalsta saņēmēji, palīgmateriāli Altum (www.altum.lv)
• 14 October 2024: 1065 Noteikumi par aizdevumiem sīko (mikro), mazo un vidējo saimnieciskās darbības veicēju un lauksaimniecības un mežsaimniecības pakalpojumu kooperatīvo sabiedrību attīstības veicināšanai (likumi.lv)