Buying to renovate, or simply renovating your property after several years because it no longer meets today's energy standards, is a great project that requires certain knowledge. Before taking the plunge, you should find out what's new in the energy sector by contacting various suppliers and also by checking out all the state aid and private support available to ensure you get the most favourable financing. In this article, we'll look into the good reasons to start an energy renovation project this year.
Banks support the national economy in the wake of COVID-19
Alongside five other Luxembourg banks, Spuerkeess is providing financial support to its professional clients, particularly to those who are facing a lack of liquidity due to the COVID-19 health crisis.
Spuerkeess has been providing special financing and payment deferrals for existing financial commitments since the very start of the pandemic.
One of the first initiatives was to offer a deferral of up to six months on loan payments or leasing expenses. Over 2,500 deferrals have been requested at Spuerkeess to date with a 98% approval rate.
- Partial unemployment pre-financing, subject to approval by the employment agency (ADEM)
- State guarantees for new loans with a maximum duration of six years
- Guarantees through the Office du Ducroire - Luxembourg Credit Export Agency
- Guarantees and Special Anti-Crisis Financing (SACF) with the SNCI
- Guarantees and financing through La Mutualité des P.M.E. and La Mutualité de Cautionnement for a maximum duration of five years
- InnovFin SME Guarantees by the European Investment Fund (EIF)