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Business Greening with Capital Rebate

Business Greening with Capital Rebate

Funds climate focused industrial modernization in Latvia through small business support in multiple regions.

OpenALTUM — Latvian Development Finance InstitutionLatvia
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About

The Business Greening with Capital Rebate program is a hybrid financing instrument administered by ALTUM, Latvia's state-owned development finance institution, using EU Just Transition Fund resources with a total program budget of EUR 41 million. The instrument combines three components for qualifying small and medium-sized enterprises: an ALTUM loan of up to EUR 10 million for eligible project co…

What this grant funds

Energy efficiency (≥20% primary energy savings), renewable-energy self-consumption (≥80%), or new environmentally-friendly products/technologies.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.26 weeks
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant + loan
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.70%
Funding pooliThe total budget available across all awards in this round.€41M
Funding analytics

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Industries

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Eligibility criteria

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Application process

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Timeline

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Last verified: 24 Jul 2026Source: www.altum.lv