The Energy Efficiency Loan Scheme (EELS) is established and offered by the Strategic Banking Corporation of Ireland (SBCI) and benefits from a guarantee provided by COSME and the European Fund for Strategic Investment (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.
The level of investment in energy efficiency by Irish SMEs is lower when compared to their European counterparts. The Energy Efficiency Loan Scheme supports qualifying viable Irish businesses and primary producers (farmers/fishers) by providing access to affordable long-term finance, enabling them to invest in the energy efficiency of their enterprise.