Business greening loan or guarantee with a capital discount
From the weekly review: Current funding opportunities for businesses
GoalSupport business investments that reduce energy consumption by at least 30%.
SMEs (from 16 November also large enterprises) investing in energy efficiency improvements can receive an ALTUM loan of up to 1 million euros, a guarantee of up to 80% of the bank loan costs, and a capital rebate of up to 30% of the loan amount (not more than 300 000 EUR per enterprise group). An additional 7.8 million euros has been allocated for this programme round.
- Who it is for
- SMEs (from 16 November 2026 also large enterprises) implementing energy efficiency improvements.
- Support amount
- Loan up to 1 000 000 EUR, guarantee up to 80%, capital discount up to 30% (max. 300 000 EUR).
- Deadline
- OngoingGradual opening of the programme: since 24.08.2026 priority is given to SMEs in Tukums, Limbaži, Saulkrasti, and Ogre municipalities; SMEs in Riga and Pierīga (and from that point also large enterprises) will be able to apply from 16 November 2026, if funding is still available at that time.
Who can apply
Micro, small, and medium-sized enterprises (SMEs) can apply, as well as SMEs in Riga, Pierīga, and large enterprises throughout Latvia starting from 16 November 2026. The company must be registered in Latvia, have no tax debts exceeding 150 EUR, and must not be in financial difficulty.
Maximum support
ALTUM loan up to 1 000 000 EUR (for SME regional greening up to 10 000 000 EUR) and a capital rebate up to 300 000 EUR (for regional greening up to 3 000 000 EUR) per group of linked enterprises.
Share of costs covered
The capital discount covers up to 30% of the loan principal, and the loan guarantee covers up to 80% of the bank loan.
What can be paid for
- Construction works and engineering system renovations for non-residential buildings
- Purchase of energy-efficient equipment or machinery replacing existing ones
- Energy efficiency upgrades for existing equipment
- Implementation of energy management systems
- Renewable energy generation and storage equipment for self-consumption
- Renovation or installation of engineering systems in commercial territories
- ESCO services
- Development and implementation of environmentally friendly products or technologies
What cannot be paid for
- Primary agricultural production, fisheries, tobacco products, and gambling
- Costs aimed solely at achieving building energy efficiency class E
- Already completed projects or refinancing of existing costs
- Repayment of existing debts or interest
- Co-financing or pre-financing of other EU fund projects
- Nuclear energy production
Key conditions
- Must achieve primary energy savings of at least 30% (or at least 20% / emission reduction for regional greening)
- Minimum own co-financing for an ALTUM loan is 10% of eligible costs
- A certified expert report is mandatory (energy audit, energy certificate, or simulation)
- Loan or guarantee maturity is up to 20 years
- Projects must be completed by February 2029
- Application for the capital discount must be submitted by March 2029 after achieving targets
How to apply
Submit your application online at mans.altum.lv. Before applying, obtain a certified expert report (building energy certificate or energy audit) and prepare a cost estimate with necessary permits. For bank loans, apply for the guarantee in cooperation with the chosen bank.
What this is based on
Cabinet of Ministers Regulations No. 155 of 11 March 2025 "Support Programme Regulations for Business Greening, the Use of Renewable Energy Resources and the Improvement of Energy Efficiency"
Open the regulationThis summary is written in plain language from the programme rules. For the exact requirements, see the legal act.
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