The Subordinated Loan – NRP programme provides preferential subordinated loans designed to strengthen the investment activities and competitiveness of small and medium-sized enterprises (SMEs) and enable them to implement business projects that contribute to climate objectives and the green transition.
The programme is currently suspended as the entire programme allocation has been reserved.
The loan is provided up to: • CZK 40 million for activities with a 40% climate coefficient. • CZK 100 million for activities with a 100% climate coefficient.
The preferential subordinated loan may cover up to 45% of eligible project costs. At least the same amount must be financed through a corresponding senior loan provided by one of the cooperating financial institutions.
• Projects with a 40% climate coefficient may receive a grace period of up to 3 years. • Projects with a 100% climate coefficient may receive a grace period of up to 5 years.
The subordinated loan is provided interest-free. Once the senior loan has been fully repaid, any outstanding balance of the subordinated loan will bear interest at 3% p.a. for the remainder of the repayment period.
The provision of the preferential subordinated loan by NRB is conditional upon the borrower drawing a senior loan from a cooperating financial institution in at least the same amount. The senior loan is provided under the terms and conditions of the respective financial institution. Its maximum maturity is 14 years, and it must be at least one year shorter than the maturity of the NRB subordinated loan.
The programme is intended for sole traders, small enterprises, and medium-sized enterprises operating in the following sectors: renewable energy generation and distribution., information and communication activities, manufacturing industry, construction, water supply; wastewater, waste management, and remediation activities, research and development, other eligible sectors.
The programme is financed through the National Recovery Plan of the Czech Republic, a package of reforms and investments funded under the EU Recovery and Resilience Facility (RRF).
Detailed programme information, application forms and submission guidelines are available on the Czech version of the programme website.
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