Loans and Grants

Loans and Grants

Combined Funding Packages

The Business Development Team work closely with clients to develop the best and most appropriate funding packages.

To ensure completion, some projects may require funding that combines both grant and loan elements, or a combination of grants.

The right funding

Providing the best level of support is important, so the Business Development Team work in collaboration with clients to fully scope out the proposed project.

Projects will not always need to have a solely economic benefit, they can include helping to meet the environmental aspirations within the Islands Plan.

Loans
Business Loans
Loan funding to aid the start-up, purchase or development of a business, including farm mortgages.
Up to 90% of total project costs.
Secured Lending at 2.5% above Bank of England base rate.
Unsecured Lending at 3.5% above bank of England base rate.
Green Loans
Loan funding focussed on supporting the sustainability ambitions of the Falkland Islands.
Eligible costs include:
– Energy saving retrofits for homes or business premises
– Low carbon heating measures homes or business premises
– Improvements in waste management for businesses
– Specialist EVs for businesses as defined by the FIDC Loan and Grant Policy
– Other Green technologies for business purposes
– Sustainability training for businesses
– Consultancy work including Environmental Impact Assessments and Feasibility studies for businesses
Up to 90% of total project costs.
All Green loans are unsecured and at a lower interest rate of 1% above Bank of England base rate.
Businesses applying to the scheme will need to be signed up to the Chamber of Commerce Climate Pledge, which is open to all business operating in the Islands.
Capped at £20,000 per business application or £10,000 per personal application.
Loan funding focussed on supporting the sustainability ambitions of the Falkland Islands.
Eligible costs include:
– Energy saving retrofits for homes or business premises
– Low carbon heating measures homes or business premises
– Improvements in waste management for businesses
– Specialist EVs for businesses as defined by the FIDC Loan and Grant Policy
– Other Green technologies for business purposes
– Sustainability training for businesses
– Consultancy work including Environmental Impact Assessments and Feasibility studies for businesses
Up to 90% of total project costs.
All Green loans are unsecured and at a lower interest rate of 1% above Bank of England base rate.
Businesses applying to the scheme will need to be signed up to the Chamber of Commerce Climate Pledge, which is open to all business operating in the Islands.
Capped at £20,000 per business application or £10,000 per personal application.

Combined funding examples

Example 1

Project Type
Renewable energy system for primary camp residence
Total FIDC spend:
£25,200
Project estimated cost
£28,000
REG Funding
£16,800
Green Loan
£8,400
Min 10% personal investment
£2,800

Example 2

Project Type
Renewable energy system for primary camp residence
Total FIDC spend:
£10,800
Project estimated cost
£12,000
Thermal grant (efficiency)
£2,500
Green Loan
£8,300
Min 10% personal investment
£1,200

Example 3

Project Type
Renewable energy system for primary camp residence
Total FIDC spend:
£25,000 – £36,000
Project estimated cost
£40,000
EV Grant
£5,000
Green Loan
£20,000
Top-up working capital loan if requested
£11,000
Min 10% personal investment
£4,000

Example 4

Project Type
Renewable energy system for primary camp residence
Total FIDC spend:
£22,500
Project estimated cost
£25,000
Thermal Grant (efficiency)
£4,000
Thermal Grant (renewables)
£4,000
Green Loan
£14,500
Min 10% personal investment
£2,500

Need more information?

We understand that information on funding can be overwhelming. Contact us for more information or advice on eligibility.

Are you a tourism-based business?

The Falkland Islands Tourist Board has several funding options available. Visit their website for more information.