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

Grants

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.

Description	Grant	Amount (up to)

Business Start-up, Support and Development



Small Business Support Grant Financial assistance to aid business start-up, growth or development for local businesses with 5 or less employees.	50%	£5000
Business Development Grant Financial assistance to allow local businesses to take advantage of new opportunities or make their businesses more competitive or environmentally sustainable via training or certification.	50%	£5000
Professional Fee Grant Financial assistance to access support from skilled professionals to aid development of a business or business proposal.	50%	£500
EV Grant Scheme Grant funding available for the purchase of an EV for commercial use.	One application, per business, per annum.	£5000 for licenced road vehicles (vans, cars, side-by-sides, etc)
	One application, per business, per annum.	£1500 for electric motorbikes and quads
Environmental Consultancy Grant Financial assistance to businesses to access support from skilled environmental specialists to provide advice, support, and development of environmental initiatives relating to the business proposal, with either an environmental focused output, or which would reduce impact on the environment.	50% One application per business per annum	£3,000

Property Improvement



Thermal Grant
– Financial assistance to businesses to purchase and install a renewable heating system.	50%	£4000
– Financial assistance to businesses to improve the thermal efficiency of their premises.	50%	£4000
– Financial assistance for homeowners of domestic properties to purchase and install a source renewable heating system.	50%	£2500
– Financial assistance to improve the thermal efficiency of domestic properties.	50%	£2500
Domestic Electricity Safety Check & Improvement Grant Financial assistance for occupied residential properties to have their existing electricity installation improved, tested, and certified by a qualified electrician.
– Electrical safety check	100%	Cost
– For new materials	75%	up to £750
– For skilled labour	25%	up to £200

Rural Infrastructure



Developing Camp Water Systems Grant To improve basic water supplies in Camp for both domestic and business requirements, (can be applied for in one application/award for larger scale projects).	50%	£2000 per annum, for max. 5 years (£10000 total)
Rural Energy Grant Financial assistance to rural businesses and primary domestic residences in Camp for the purchase of a 24-hour power system that incorporates a renewable energy source. Phase one and Phase Two can be applied for at the same time or separately depending on the needs of the client.
– Phase one: Storage and infrastructure	60%	Inverter, battery bank, installation and testing
– Phase Two: Renewable technology	60%	Renewable technology and installation
Rural Energy Additional Generation Grant Financial assistance to rural businesses and primary domestic residences that have previously benefitted from the Rural Energy Grant and have grown, or want to grow, but are restricted by the size of their energy systems or additional cost of running a diesel generator. This is for the purchase of a secondary renewable energy source, in addition to the system already in place.	60%	Renewable technology and installation

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.

Loans and Grants

Loans and Grants

Combined Funding Packages

The right funding

Business Start-up, Support and Development

Property Improvement

Rural Infrastructure

Combined funding examples

Example 1

Example 2

Example 3

Example 4

Need more information?

Are you a tourism-based business?

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Loans and Grants

Loans and Grants

Combined Funding Packages

The right funding

Combined funding examples

Example 1

Example 2

Example 3

Example 4

Need more information?

Are you a tourism-based business?

Information

Legal

Offsite Links

Follow Us

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