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Investment fund | Covid-19

Financing for large companies whose operations were adversely affected by Covid-19, as well as for those large companies that are ready to transform their current business model or adapt to the new realities of life and business. The total amount of the fund is projected at EUR 100 million; Latvian pension fund managers will also invest in the fund.

  • For viable and well-managed large companies that create added value for the Latvian economy:

    • Operate in high value-added industries

    • Employ a large number of people and make high mandatory social insurance contributions and personal income tax payments to the state budget

    • Create innovations and make innovative products

    • Are a systemic company in a given industry

    • The company has developed a competitive technical knowledge and competence base

  • The company’s priorities include sustainable and energy-efficient business, digital transformation, including in accordance with the European Union’s objective of achieving climate neutrality by 2050

  • For all sectors of activity, including agriculture and fisheries, and excluding ineligible sectors: gambling, financial and insurance activities, sale of weapons, tobacco, alcohol, real estate activities

  • The Covid-19 virus has affected the financial situation of the company and the company has a clear action plan to address the consequences of the Covid-19 virus on its economic activity

  • Investment amount per one company is up to EUR 10 million

  • Meant to finance investments as well as working capital

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    Eligible types of investment

    • Investments in companies’ capital

    • Quasi-equity investments (including mezzanine and convertible loans)

    • Investments in listed bonds (including convertible bonds)