S.L. 463.39 Art. 4Term of the guarantee. Maximum value of loan guarantee.

(1) Eligible undertakings may be supported through a guarantee to be used against a bank loan required for:

(a) the setting up of a new establishment; or

(b) the extension of the capacity of an existing establishment.

(2) The support may be used to finance construction works, furbishing and finishing of buildings and industrial structures, and acquisition of plant, machinery and equipment as prescribed in the guidelines.

(3) The value of the guarantee shall not exceed ten million euro (€10,000,000).