Investment credits on quick approval and EU grants

Funding facility of sustainable energy for Small and Medium Enterprises (SME) in Romania (RoSEFF) in partnership with the European Bank for Reconstruction and Development (BERD) and the European Union, which provides investment credits in energy efficiency and technical solutions promoting the renewable energy through UniCredit Bank.

Which are the eligible SMEs?

  • Private businesses with:
    1. An annual turnover of maximum 50 million Euros or assets of maximum 43 million Euros
    2. Less than 250 employees (in accordance with the Recommendation of the European Commission 361/2003)
  • Owners’ associations that meet the hereinbefore mentioned requirements related to SMEs;
  • Companies that manufacture or distribute energy equipments;
  • Energy service companies (ESCO), if the final beneficiary is defined as SME.

The complete eligibility rules can be found on www.seff.ro.

Which are the eligible investment types?

Complex investments

  • The investments in energy efficiency that bring energy savings of minimum 20% (equipments) or 30% (buildings);
  • The investments in renewable energy assessed on performance criteria;
  • The RIR must exceed 10% per year;
  • The EU grant is of 15% for low performance investments, 10% for other investments; 

Small and simple investments

  • The equipments and measures from the List of Eligible Equipments and Measures (LEME) are automatically eligible;
  • The implementation of a measure leads to an EU grant of 10%; two or more measures lead to an EU grant of 15%.

What are the main advantages of this product?

  • The  implementation of energy efficiency and/or renewable energy projects that can generate the following:
    1. Growth of the production capacity;
    2. Reduction of costs on energy bills and other utilities;
    3. Betterment of the thermal comfort level;
    4. Growth of the business profitability
  • Funding through UniCredit Bank, from which BERD sources up to 1 million Euros;
  • EU grants up to 150.000 Euros, according to the borrowed value;
  • Free technical consultancy from Tractebel Engineering.

What are the steps to follow for small and simple investments?

  • Check if the equipments that you want to buy are on the List of Eligible Equipments and Measures (LEME) on www.seff.ro;
  • In 10 minutes an online technical eligibility certificate shall be issued (LEME NOTICE), containing the following:
    1. Selected equipment;
    2. Eligible costs – which include labor costs/ installation costs for certain types of equipments; 
  • You can apply online on www.seff.ro or submit a LEME NOTICE to UniCredit Bank branches.

What are the steps to follow for complex investments?

  • Call at RoSEFF Help Desk, telephone 031 224 8104 or you can send a message to seff@seff.ro;
  • Discuss about your project ideas with a specialized engineer from Tractebel Engineering;
  • If they are eligible, you shall receive details with the following steps;
  • Apply online on www.seff.ro, by selecting UniCredit Bank.

Which is the credit value granted from BERD sources underlying the grant calculation?

  • Up to 250.000 Euros, VAT excluded, for funding of small and simple investments;
  • Up to 1 million Euros, VAT excluded, for funding of complex investments.