Future Growth Loan Scheme



The Future Growth Loan Scheme is a long-term loan (7-10 years) that is offered by the SBCI with the support of the Department of Business, Enterprise and Innovation, the Department of Agriculture, Food and the Marine, the European Investment Bank and the European Investment Fund (EIF).

The Future Growth Loan Scheme (FGLS) benefits from a guarantee from the European Union under the European Fund for Strategic Investments (EFSI).

The Future Growth Loan scheme was delivered to the market by the SBCI in June 2019. The capacity of the Future Growth Loan Scheme has now been increased by up to €500m which will be made available through a number of financial providers in the coming months. The Scheme is supported by the Department of Business Enterprise and Innovation and the Department of Agriculture, Food and the Marine. To date, there has been very strong demand from SMEs and farmers for the longer-term, lower-cost finance.

Please note: Bank of Ireland, AIB and Ulster Bank are now accepting loan applications for the Scheme from businesses meeting SBCI eligibility. The SBCI is actively engaged with three other financial providers who responded to the open call and hopes to announce them as scheme partners in the coming weeks. Businesses are advised to check the SBCI website for up to date information in relation to participating financial providers.

Listing Details

Delivery Radius:
Interest Rate: Initial maximum loan interest rate of 4.5% for loans < €250,000 and 3.5% for loans >= €250,000. Variable interest rates are subject to change
Value: €25,000 to a maximum of €3,000,000
Term: 7 - 10 years
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