Dear Members,
The fourth and fifth paragraphs of Article 4 of the Communication on Strategic Priority and Technical Evaluation of Investment Projects has been amended in the Official Gazette dated 13/11/2024 and numbered 32721 as follows
With the Technology/Strategy Score determination application carried out by the Central Bank of the Republic of Turkey and the Ministry of Industry and Technology, large-scale investment projects supported in strategic areas are brought together with Investment Commitment Advance Loans. The projects of investors who wish to apply to benefit from the financial facilities provided through intermediary banks under the program are subject to strategic priority and technical evaluation by the Ministry.
The amendment published in the Official Gazette stipulates that the total investment amount, including R&D expenditures, must be at least TL 1 billion as of the application date. In addition, the equity amount in the balance sheet of the last fiscal year must be at least 50 million TL.
According to the previous communication, investors benefiting from the program could not receive any interest support within the scope of the incentive certificate. Within the scope of the amendment, investors will not be able to receive interest or profit share support only for financing uses within the scope of the financing program.
According to the amendment, investment projects will be scored by the Technical Committee after preliminary evaluation by the Ministry of Industry and Technology. Projects that do not receive enough points can be resubmitted after six months with an updated application. The evaluation will not entitle applicants to information about the Financing Program. Requirements and products will be announced by the Ministry; applications will be stopped when the program ends or limits are reached.
You can access the communication published in the Official Gazette on this subject from the link below:
https://www.resmigazete.gov.tr/eskiler/2024/11/20241113-3.htm