SME Investment Finance through Ukraine Credit Guarantee Scheme
The Ukraine Credit Guarantee Scheme (UCGS) is a low-cost scheme offered by the Department of Enterprise, Trade and Employment (DETE) and the Department of Agriculture, Food and the Marine (DAFM) to provide viable SMEs, including primary producers, impacted by economic challenges arising from the conflict in Ukraine with access to low-cost finance. The scheme supports economic activity in Ireland, facilitating the provision of working capital and medium-term t finance to businesses adversely impacted by the conflict in Ukraine who are facing supply chain disruptions and increased input (including energy) costs.
Irish SMEs can use finance obtained through the scheme for a variety of purposes. The UCGS is designed to provide low-cost finance to fund working capital and investments for businesses impacted by the economic consequences of the conflict in Ukraine. This means that SMEs can use the funds to cover day-to-day expenses such as payroll, rent, and utilities, as well as to invest in new equipment, technology, or expansion projects.
So why not take advantage of this opportunity and apply for the UCGS funding through Credit Union Plus today?
Take the first step towards financial stability for your business and get your eligibility code from the SBCI today: Hyperlink to https://hub.sbci.gov.ie