Standard Approach

LET stands for List of Eligible Technologies

Frequently the investment specific equipment is sufficient to align with EU Directives.  Therefore we have developed the List of Eligible Technologies, which contains several thousand items of pre-approved equipment.  This equipment is compiled in the LET Technology Selector, allowing you to pick your preferred equipment and check which companies supply the equipment. This approach is for companies wishing to purchase standard equipment for an investment value up to EUR 300,000.  A grant incentive of 10% is paid to investors upon successful implementation and verification of the project. The following technology categories are covered:

  • Agricultural Equipment
  • Building Equipment
  • Construction Vehicles
  • Food Equipment
  • Heating/Cooling Systems
  • Industrial Auxiliary Equipment
  • Medical Equipment
  • Processing Equipment
  • Renewable Energy
  • Vehicles

Grant Incentive

The LET is a dynamic approach, undergoing continuous development. New technologies are added to the Technology Selector on a regular.

Your preferred equipment is not listed? Contact our project team with the details and we will evaluate if your preferred equipment can be added to the list.   

List of Eligible Technologies

Please check our Technology Selector for currently listed equipment. You can enter the Technology Selector by clicking on the Blue field:

LET Technology Selector

Click here to select Eligible Technologies

Application Procedure

Visit our LET Technology Selector and select your equipment.

Complete the application form, indicating the type of equipment you wish to buy (you can find the form in our download section of download HERE). In anddition to the application form, please submit information confirming your company’s SME status and a pro forma invoice or supplier offer for the chosen equipment.

The Partner Financing Institution will check that the chosen equipment does not exceed the maximum indicative price as per LET price list and that your company meets the Institution’s standard financing criteria.

Once the investment is completed, you should submit the relevant documentation to the Partner Financing Institution including the purchase invoices, proof of payment, acceptance certificate (if applicable) together with the ‘Request for Incentive’ form (you can find the form in our download section of download HERE).

The Verification Consultant will perform a desk review of the relevant documents. If this is completed successfully, a 10% grant incentive, calculated on the financed amount will be transferred to your bank account.

Eligibility Criteria

Application Forms

Technical Eligibility

  • All equipment contained in the LET Technology Selector has been pre-approved by the project consultant and meets the EU4Business-EBRD Credit Line criteria.

Company related eligibility requirements

  • Eligible are all SMEs as per EU definition (fewer than 250 employees and a turnover of less than €50 M or less than €43 M of total Balance sheet, not more than 25% by shareholders that exceed the SME criteria), individual entrepreneurs and sole proprietors (a micro, small and medium size enterprise as such term is defined in the European Commission Recommendation of 6 May 2003 (EU recommendation 2003/361) concerning the definition of micro, small and medium-sized enterprises
    (http://ec.europa.eu/growth/smes/business-friendly-environment/sme-definition_en and http://ec.europa.eu/DocsRoom/documents/15582/attachments/1/translations)

  • The business must be registered in Georgia , operating primarily in Georgia, and operating in accordance with the laws of Georgia

  • At least 51% privately owned and privately run

  • Applicants must meet the Partner Financing Institutions’ usual financing appraisal criteria

  • The applicant must comply with the EBRD’s full exclusion list

EU4BUSINESS-EBRD CREDIT LINE

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