Loans CHANGE
These loans are focused on transforming the Lithuanian economy and improving the competitiveness of businesses by investing in:
- Digitization and transformation of industrial enterprises, modernization of SMEs involved in the creation of short value chains in the Mid-western Lithuania Region;
- Digitisation of high-value-added industrial enterprises in the Capital Region.
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This is translated information. In case of any discrepancies, the original Lithuanian version shall prevail. |
Who is eligible?
Industrial enterprises and SMEs.
Loan ammount & duration
The maximum loan amount is EUR 10 million. The maximum amount of the project’s eligible costs must be not more than 75% of the project’s eligible costs, 25% must come from private financiers or the borrower’s own resources.
Several loans may be granted to a single borrower, but the total amount of the loans may not exceed EUR 10 million.
The maximum duration of the loan is 10 years.
Loan interest
The loans shall be granted by applying the varying annual interest rate.
The loan interest rate shall consist of:
- 1% interest margin.
- Variable interest rate part – 6 months EURIBOR (when EURIBOR is negative, it is equated to zero).
Where to apply?
The application for loan shall be addressed to ILTE. It shall be submitted together with the supporting documents via the application submission system (Lithuanian language version).
Terms
Loan agreements shall be signed by 30 June 2029 and loan payouts shall be made no later than 31 December 2029.
Funding is provided for new projects that have not yet started and that comply with the horizontal principles and the EU Charter of Fundamental Rights.
Capital Region*
| Activities | Activities |
| Digitisation of high-value-added industrial enterprises |
Implementation of production process equipment with integrated digitisation technologies in industrial enterprises. Projects must contribute to the Smart Specialisation concept and align with at least one of its priority themes. |
* Vilnius County.
Mid-western Lithuania (MWL) Region**
| Activities | Eligible projects |
| Digitisation of industrial enterprises |
Implementation of production process equipment with integrated digitisation technologies in industrial enterprises. Projects are not required to contribute to the Smart Specialisation concept, but if they do, they may qualify for a grant. |
| Transformation of industrial enterprises |
Implementation of innovative production technologies promoting the manufacturing of sustainable products. Projects must contribute to the Smart Specialisation concept and align with at least one of its priority themes. |
| Modernisation of small and medium-sized enterprises (SMEs) involved in the creation of short value chains |
Production investments in the deployment of modern technologies and the modernisation of business processes. |
** Alytus, Kaunas, Klaipėda, Marijampole, Panevėžys, Šiauliai, Tauragė, Telšiai and Utena counties.
You can apply for a loan if:
- You operate in the Republic of Lithuania;
- You meet the minimum criteria for a reliable taxpayer;
- You are not a company in bankruptcy, restructuring or liquidation;
- You are not a company in difficult situation at the time of application and you have submitted a set of financial statements for the last financial year to the Centre of Registers;
- The state and/or municipality does not own or owns less than 25% of the shares, stocks or other forms of participation in the company’s capital;
- You have not received state aid which has been declared unlawful and incompatible with the internal market by a decision of the European Commission and/or the lender, or you have repaid the full amount of the aid, including interest, in accordance with the procedure laid down by law;
- The applicant and its beneficiary, or the natural and legal persons for whose benefit the loan will be used, are not subject to sanctions (any trade, economic or financial sanctions, embargoes or other restrictive measures);
- The business entity, its manager, a member of its administrative, management and/or supervisory bodies, or a person having powers of representation, decision-making or control over the business entity, has not been convicted of any criminal offence and has no spent or unspent criminal record;
- You do not have business relations with legal persons registered in territories which do not cooperate with the European Union in the application of internationally harmonised taxes under their jurisdiction, nor do you carry out or intend to carry out transactions with legal persons registered in the target territories;
- You do not have, or have terminated, trade commitments with natural and/or legal persons from countries hostile to the Republic of Lithuania by 31 August 2022;
- You have submitted all the required documents.
All requirements are described in the description (Lithuanian language)
| Company size | Region in which the investment takes place | Type of investment | Provisions of the applicable regulation |
| SME* | MWL**, Capital*** | Initial investment, Initial investment that creates a new economy activity | General Exemption Regulation (State aid under Article 14) |
| SMCE and MCE* | MWL** | Initial investment, Initial investment that creates a new economy activity | |
| Capital*** | Initial investment that creates a new economy activity | ||
| Capital*** | Initial investment | De minimis Regulation |
*An SME is a very small, small or medium-sized enterprise. An SMCE small mid-cap enterprise with no more than 499 employees and is not an SME. An MCE is a mid-cap enterprise with up to 3,000 employees and which is not an SME or an SMCE. For more details, see Annex 2 to the Description.
** MWL: Mid-western Lithuania (Alytus, Kaunas, Klaipėda, Marijampolė, Panevėžys, Šiauliai, Tauragė, Telšiai and Utena counties).
***Vilnius County.
Amount of funds committed under the financial instrument CHANGE ("Pokytis" in Lithuanian language), co-financed by the European Regional Development Fund:
- EUR 49 477 735 for the digitisation of industrial enterprises in Mid-western Lithuania Region;
- EUR 99 065 421 for the digitisation of high value-added industries in the Capital Region;
- EUR 50 302 364 for the investments to innovative environmentally friendly technologies in Mid-western Lithuania Region;
- EUR 32 552 960 for the modernisation of the business processes of SMEs involved in short value creation chains in Mid-western Lithuania Region.
ATTENTION! 30-08-2024 UAB "Investicijų ir verslo garantijos" became UAB ILTE.