Grants of $30,000–70,000 for Small and Medium-Sized Enterprises (SMEs)

Financing for business development and modernization

A grant system operates in Central Asia. Small and medium-sized businesses can attract grant funds for the development and modernization of their businesses and assets.

What grants can be obtained for in Uzbekistan

1. EDGE green certification of a real estate asset

2. Improving energy efficiency

3. Design documentation for energy-efficient solutions

Types of grants

1. Individual: up to 30 000$

2. Group: up to 70 000$

How the grant is allocated

75% — covered by the EBRD (European Bank for Reconstruction and Development)

25% — the business’s own funds

If EDGE certification is planned, the mandatory certification fees for the facility, payable in the United Kingdom, are also paid by the business.

Company requirements for attracting a grant

• Private companies registered in Uzbekistan

• 51% or more of the ownership belongs to a citizen of Uzbekistan

• Up to 250 employees (up to 500 in certain cases)

• At least 2 years of operation and profitability

• Annual turnover: EUR 500 thousand – 50 million; the company must demonstrate a profit

• Special conditions for women entrepreneurs and young people

HPBS is a consultant selected by the EBRD to work with grants

HPBS technology for a grant-funded green business transformation:

Stage 1 — Diagnostics and analysis

• audit of the current condition of buildings, project engineering systems and energy consumption

• identification of financial losses, calculation of projected savings (OPEX) and identification of risks

• development of a project implementation strategy and roadmap

Result:

• structuring the project to meet EBRD requirements

• technical strategy and a checklist of measures and criteria

• implementation and financing roadmap

• identification of loss points and optimization potential

• calculation and substantiation of economic effects

• support for the grant application process

Stage 2 — Development of solutions to improve energy and environmental sustainability

• assessment of the CAPEX / OPEX of solutions

• improving energy and water efficiency and reducing the facility’s carbon footprint

• Integration of low-emission and renewable technologies (RES)

• Design

Result:

• a business modernization plan and a package of engineering and technological solutions

• assessment of the direct financial benefits and payback of implementing the solutions

• a concept for introducing low-carbon and renewable technologies at the facility

• a roadmap of measures analyzing opportunities to use local financial instruments (green loans, concessional financing, subsidies and co-financing mechanisms) for the business’s further growth.

Stage 3 — Implementation support

• Methodological and consulting support for implementing solutions

• Training and raising personnel awareness of energy efficiency and ESG

• Engagement with and defense of the project before the certification body in the United Kingdom

Result:

• training sessions and seminars conducted for personnel

• draft technical requirements for procuring equipment and performing work

• recommendations for the operations team to ensure the facility’s sustainable operation

Business benefits from completing the grant-attraction program

• increasing asset capitalization by up to 20%

• reducing operating costs (energy, resources and operation)

• improving the efficiency of processes and assets

• access to the next round of financing and investment

• compliance with the requirements of banks and international institutions

• increasing business resilience and value

Who the 30 000 – 70 000 $ grant-funded green business transformation is suitable for

• small and medium-sized businesses

• manufacturing and commercial companies

• developers and property owners

• companies planning modernization or seeking financing

An overview of opportunities, requirements and practical steps in the video:

Book a consultation!

Additionally:

• Korzinka EDGE Certification

• Financing for Industrial Decarbonization Projects