Factsheet for measure
SI-2023-32/3512
– measures in Slovenia
SID Green
SID zelen
Background information
SID Bank (Slovenska izvozna in razvojna banka) is a development bank owned by the Republic of Slovenia, responsible irrevocably and without limitations for SID Bank’s liabilities deriving from the transactions. With its banking and insurance services, the bank promotes sustainable and green development through support schemes, such as
SID Green
. Established in 1992 as the Slovenian Export Corporation (SID) for managing insurance of export for Slovene companies, its activities have expanded to long-term financial services with the Slovenian Export and Development Bank Act (ZSIRB), adopted in 2008. During the financial crisis, the bank provided counter-cyclical financial support to businesses. Since 2020, it has reassumed this role of helping industries most hit by the COVID-19 pandemic (see also
Developments incentives in 2021
,
SID Bank
) or by the war in Ukraine (see also
Liquidity loans
. SID Bank acquires most funds through borrowing on the international financial markets, and transmits them to the economy in repayable forms.
Content of measure
Supporting the sustainable development of Slovenia, SID Bank also promotes green investments in the environment, renewable energy sources, clean transport, circular economy and sustainable management.
SID Green
loan programme provides credits for investment and working capital, which supports projects to reduce environmental impact. Loans can range from €100,000 to €2 million and have a maturity of up to 12 years, with the possibility of a moratorium. The interest rate is lower than the market rate thanks to the European Investment Fund guarantee.
Eligible are projects that meet at least one of the criteria for sustainable financing:
-
Activities related to renewable energy;
-
Energy-efficient commercial buildings;
-
Energy efficiency in industry;
-
Zero-emission and low-emission mobility;
-
Development and use of green ICT;
-
Circular economy and recycling;
-
Waste reduction;
-
Management and efficient use of water resources;
-
Pollution prevention and control;
-
Protection of biodiversity;
-
Improving the accessibility of services for customers and employees with disabilities.
The call is open until 30 June 2024.
Use of measure
No information available.
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
|
No involvement
|
|
Form
|
Not applicable
|
Not applicable
|
Social partners' role in the
implementation, monitoring and assessment phase:
-
No involvement
-
Main level of involvement: N/A
Involvement
There is no information on the involvement of social partners in negotiations about supporting schemes
Views and reactions
No information available.
Sources
