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What We Do

Brexit Loan Scheme

The Brexit Loan Scheme makes working capital lending available to eligible Irish businesses.[i] Finance provided under the scheme is easier to access, more competitively priced, and offered at more favourable terms than other lending for such businesses. 

This Department, in partnership with the Department of Agriculture, Food and the Marine (DAFM)[ii], launched the scheme on 28 March 2018. It is delivered by the Strategic Banking Corporation of Ireland (SBCI) through participating finance providers.

The scheme is open to both state agency/non-state agency clients.

The Brexit Loan Scheme is closed to new applications. If your business has been impacted by the UK’s withdrawal from the EU, you may be eligible for lending under its successor, the Brexit Impact Loan Scheme.

Existing eligibility codes will remain valid for the Brexit Loan Scheme and code-holders may continue to apply for funding up to the expiry date of their code. Contact the SBCI if you are an existing code-holder and have a query in relation to your position at sbci.gov.ie.

Application Process

Eligible business can now apply by:

  1. Completing the eligibility form and returning to the SBCI
  2. If SBCI assess a business as eligible, an eligibility reference number is given which is then provided to the participating finance provider.

Loan Terms

  • 4% maximum interest rate (participating lenders may compete below this level)
  • Terms and conditions have been designed to ensure the loans are accessible
  • The loans are for up to three years
  • Loans range from €25,000 to €1.5 million per eligible enterprise
  • Unsecured loans up to €500,000
  • You may be able to avail of a three-month interest-only payment period

Loans must be used for future working capital requirements to fund innovation, change or adaptation of the business to mitigate the impact of Brexit.

Loans are provided by participating commercial lenders, subject to normal lending criteria.

Eligibility criteria

Applications for scheme eligibility are cleared through the SBCI.

To be eligible, applicants must:

  • Be a viable business with up to 499 employees
  • Be exposed to the (current or potential) impacts of Brexit
  • Meet the scheme criteria

Funding information

Using a combination of Irish exchequer and EU guarantees (through the EIB Group and the InnovFin loan guarantee scheme), the scheme leverages up to €300 million of lending to Irish Enterprises at a maximum interest rate 4% at a cost to the Exchequer of €23 million (€14 million provide by Department of Enterprise, Trade and Employment and €9 million provided by Department of Agriculture, Food and the Marine).

Further details are available in the Brexit Loan Scheme Information Pack, linked below.

The Department of Enterprise, Trade and Employment has a number of other finance for growth schemes in place, and applications can be made at any time to the existing Credit Guarantee Scheme and Microfinance Ireland.

Scheme Progress Reports

Brexit Loan Scheme Quarterly Report 30 September 2021

Brexit Loan Scheme Quarterly Report 30 June 2021

Brexit Loan Scheme Quarterly Report 31 March 2021

Brexit Loan Scheme Quarterly Report 31 December 2020

Brexit Loan Scheme Quarterly Report 31 October 2018

Brexit Loan Scheme Quarterly Report 31 July 2018


[i]  Due to state aid rules, the scheme is not available to farmers and fishermen. An alternative scheme for primary producers in the agriculture sector and fishermen is currently under consideration by the Department of Agriculture, Food and the Marine.

[ii] Department of Agriculture, Food and the Marine share of funding ensures that at least 40% of the fund will be available to food businesses.