Loans and Grants

Combined Funding Packages

It is possible that one project may require a funding package that combines both grant and loan funding elements, or a combination of grant funding.

Via the client intake system, the Business Development Team will wrk in collaboration wit the client to fully scope out the proposed project, associated costs and provide the best level of support available.

The right funding

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

Remember to book time to come and discuss your ideas, plans, and concerns with us at the beginning of the process as we are not able to accept retrospective applications.

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.

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.
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 or domestic use.	One application, per business, per annum.	Grant of £5,000 for EV (licenced road vehicle types – vans, cars, side-by-sides, etc).
	One application, per business, per annum.	Grant of £1,500 for electric motorbikes and quads.
EV Charging Infrastructure Grant scheme Financial assistance towards the installation of EV Charging points for both domestic and commercial properties.	50%	£3,000
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
– Commercial: Financial assistance to businesses to purchase and install a renewable heating system for their premises	50%	£10000
– Financial assistance to businesses to improve the thermal efficiency of their premises	50%	£10000
– Domestic: Financial assistance for homeowners of domestic properties to purchase and install a renewable heating system for their property	50%	£5000
– Financial assistance to improve the thermal efficiency of domestic properties	50%	£5000
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 renewable energy source, in addition to the system already in place.	50%	£3500

Combined funding examples

Example 1

Project Type	Renewable energy system for primary camp residence
Total FIDC spend:	£26,880
Project estimated cost	£28,000
REG Funding	£16,800
Green Loan	£10.080
Min 10% personal investment	£1,120

Example 2

Project Type	Retrofit of domestic property
Total FIDC spend:	£11,300
Project estimated cost	£12,000
Thermal grant (efficiency)	£5,000
Green Loan	£6,300
Min 10% personal investment	£700

Example 3

Project Type	EV for commercial use
Total FIDC spend:	£23,000 – £32,900
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	£2,000 – £3,100

Example 4

Project Type	Retrofit of commercial property inc. renewable heating system
Total FIDC spend:	£38,000
Project estimated cost	£40,000
Thermal Grant (efficiency)	£10,000
Thermal Grant (renewables)	£10,000
Green Loan	£18,000
Min 10% personal investment	£2,000

Example 5

Project Type	Business Start-up
Total FIDC spend:	£45,000
Project estimated cost	£50,000
Small Business Support Grant	£5,000
Business Loan	£40,000
Min 10% personal investment	£5,000

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

Example 5

Need more information?

Are you a tourism-based business?

Information

Legal

Offsite Links

Follow Us

Loans and Grants

Loans and Grants

Combined Funding Packages

The right funding

Combined funding examples

Example 1

Example 2

Example 3

Example 4

Example 5

Need more information?

Are you a tourism-based business?

Information

Legal

Offsite Links

Follow Us

Green Business

Finance

Enterprise

About