REIF is a discretionary fund, with projects assessed on a case by case basis. If you think your renewable project might fit the bill, talk to us early. The sooner we know, the more we can help.
What types of finance are available?
The fund can provide loans, guarantees and equity investments, all on fully commercial terms.
Can the fund support R&D projects?
No, the fund is designed to support projects at the test or commercialisation phase. Scottish Enterprise and Highlands and Islands Enterprise have separate funds for R&D projects.
Is there a deadline for applications?
The fund will run until March 2017. This means that projects must be in a position to draw down the investment before March 2017 (although the project itself may extend beyond this). Applications are accepted on a rolling basis.
What if I’m not eligible?
There are other funding schemes that may be alternatives, or complementary, to REIF. We would be happy to discuss these with you. We can work with you to shape your project appropriately.