{"id":1785,"date":"2024-11-14T12:07:00","date_gmt":"2024-11-14T11:07:00","guid":{"rendered":"https:\/\/omniasolutions.hr\/?p=1785"},"modified":"2026-10-30T02:13:37","modified_gmt":"2026-10-30T01:13:37","slug":"sustainable-tourism-loans-principal-write-off","status":"publish","type":"post","link":"https:\/\/omniasolutions.hr\/en\/sustainable-tourism-loans-principal-write-off\/","title":{"rendered":"New financial instrument: tourism loans with a partial principal write-off"},"content":{"rendered":"\n

Funds for the programme come from the European Regional Development Fund and the Competitiveness and Cohesion Programme, and it was designed to support financially sustainable investments, and with the possibility of a write-off of part of the loan principal, it will give entrepreneurs more favourable terms and financing for projects that contribute to the development of sustainable tourism.<\/strong><\/p>\n\n\n\n

The credit line offers amounts from a minimum of EUR 250,000 to a maximum of EUR 7,000,000<\/strong>, and part of the principal, up to a maximum of 50 percent of its amount, can be written off <\/strong>if the criteria defined by this credit line are met.<\/p>\n\n\n\n

In brief<\/h2>\n\n\n\n
    \n
  • Sustainable Tourism Loans are funded from the European Regional Development Fund and the Competitiveness and Cohesion Programme.<\/li>\n\n\n\n
  • The loan is EUR 250,000 to 7,000,000, and up to 50% of the principal can be written off if the programme criteria are met.<\/li>\n\n\n\n
  • The loans are intended for hotels and similar accommodation and for campsites, for construction, reconstruction, equipment and additional amenities.<\/li>\n\n\n\n
  • Working capital can make up at most 30% of the contracted loan amount, and investments must comply with the do no significant harm principle (DNSH).<\/li>\n\n\n\n
  • Applications are submitted online from 14 November 2024.<\/li>\n<\/ul>\n\n\n\n\n\n
    \n
      \n
    • Eligible applicants under the programme are micro, small and medium-sized enterprises operating in the tourism sector<\/strong>.<\/li>\n<\/ul>\n\n\n\n
        \n
      • The repayment period is up to 17 years, including a grace period of 4 years<\/strong>.<\/li>\n<\/ul>\n<\/div>\n\n\n\n

        What can a sustainable tourism loan finance?<\/h2>\n\n\n\n

        The loans are intended for hotels and similar accommodation as well as campsites<\/strong>, that is, for their investments in fixed assets and working capital and in the construction or renovation and reconstruction of existing facilities, equipment and the introduction of additional amenities.<\/strong><\/p>\n\n\n\n

        The purpose of the loan is to finance sustainable investments that contribute to the objectives of the green transition, the quality of tourism products and services and stronger growth and competitiveness of SMEs, and that result in a diversified tourism offer, a longer tourist season, less overtourism, sustainable business operations and a higher quality of the tourism offer.<\/strong><\/p>\n\n\n\n

        The loan can be approved for:<\/p>\n\n\n\n

          \n
        • investments in fixed assets<\/strong> (tangible and intangible assets)<\/li>\n\n\n\n
        • working capital<\/strong> necessary for implementing the investment and for the growth of the borrower: up to a maximum of 30% of the contracted loan amount.<\/strong><\/li>\n<\/ul>\n\n\n\n

          Investments must comply with the \u201cdo no significant harm\u201d principle (DNSH, Do No Significant Harm<\/em><\/strong>).<\/p>\n\n\n\n

          Eligible investments are:<\/p>\n\n\n\n

            \n
          • construction, reconstruction and\/or refurbishment and equipping <\/strong>of hospitality accommodation facilities and\/or<\/li>\n\n\n\n
          • additional amenities<\/strong> of hospitality accommodation facilities that result in an increase in accommodation capacity, the introduction of additional, optional amenities or classification into a type and\/or category<\/li>\n<\/ul>\n\n\n\n