Under the COSME (Competitiveness of Enterprises and SMEs) Loan Guarantee Scheme
provided by the EIF (European Investment Fund), small developments of between 5 and 10
units (inclusive) may avail of the scheme.
For those developments that qualify for the scheme, HBFI will provide funding at a higher
level of gearing and thereby fund small developments that might not otherwise qualify or
have difficulty in raising finance for the development.
In order to qualify for the scheme, the following criteria apply:
- The development must consist of a minimum of 5 and no more than 10 units
- The applicant must consent to their name and details of the project being published
on an EIF website
- The scheme will only apply to the HBFI ‘Under 10 Units’ or ’10 Units and Above’
products, noting that the maximum number of units under the scheme is 10
If you are undertaking a development of between 5 and 10 units and the scheme is of
interest, please contact HBFI by submitting an enquiry by clicking on the link below.