Financial Supports

Ankara Development Agency may provide financial support for the projects and actions of private sector entities, non-governmental organizations, public entities and organizations, universities, professional establishments bearing the character and nature of a public agency, local administrations and their associations, cooperatives and their associations and all other real and legal persons that would help in the implementation of the Regional Plans and Programs, provided that they are always clearly defined in the annual activity schedule and application guidelines.

Financial Supports:

1. Interest Support
2. Interest Free Credit Support
3. Direct Financial Support

Interest Support

Ankara Development Agency may provide interest support for profit -making real and legal person’s projects which their qualifications specified in the Program Application Guides. Interest support is a type of non-repayable support of the Agency that meets interest expenses of funds to be drawn from the intermediary institutions.

Interest Free Credit Support

Interest Free Credit Support is a financial support tool by Ankara Development Agency. Profit making real and legal persons who hold necessary qualifications can utilize this tool. Interest Free Credit Support is a non-repayable financial support drawn from relevant intermediary institutions. Beneficiaries pay the subject credit back to Ankara Development Agency on the basis of the procedures mentioned in the public act of Development Agencies.
Within the scope of the interest free credit support programs, the beneficiaries are provided with a grace period of at least three weeks and the back payments of the credits are asked to be completed in four years’ time.

Due to the relevant legislation, both the Interest Support and the Interest Free Credit Support cannot be provided before three calendar years have passed after the establishment date of the development agency. Consequently, Ankara Development Agency does not foresee to give such support until August 2012.

Direct Financial Support

Direct financial support involves non-repayable supports which are provided by the development agency generally upon call for proposals. On the other hand, with an exception, the agency can also provide Direct Activity Support and Guided Project Support without call for proposal in order to lessen its liabilities of project preparation or to manage the project preparation process itself. 

Direct Financial Support is executed in three different ways:

  • Call for Proposal
  • Direct Activity Support
  • Guided Project Support

Call for Proposals

l for Proposal is an invitation for potential applicants, carrying necessary qualifications, to submit project proposals which have to comply with the pre-determined subjects and conditions. The details regarding the call for proposal will be involved in the publication notice as well as the application guide.

The minimum and maximum amounts of support per project can differ upon the special conditions of the support program. While determining these limits, factors such as general and special objectives of the program, the qualifications of potential applicants, the appropriate project subjects and their costs, program budget and the relevant legislation are considered.

The co-finance rate of the projects submitted by the profit making real and legal persons and supported by the Ankara Development Agency is to be at least 50% of total relevant cost where this rate cannot be decreased in any case. On the other hand this rate of co-finance can be increased by taking into account the socio-economic development level of the region.

Restricted Call for Proposals

In restricted call for proposals, potential applicants whose eligibility conditions are well-designed in accordance with the nature of a pre-determined support program are invited to submit their proposals. Unlike open call for proposals, in restricted one, only concept notes are submitted for evaluation in the first instance. Thereafter, applicants whose concept notes have been successfully pre-selected are invited to submit their full applications.

The Agency, in line with the Regional Plan and Programs and its working program, may provide funds to the following activities and areas under the restricted call for proposals:

  • To develop business and investment opportunities
  • To mobilize the potential of competitiveness
  • To improve the technology infrastructure
  • Big-budget Infrastructure and Business Projects like Business Development Centre, Technology Development Centre and Technoparcs which contribute to improve entrepreneurship and innovation capacity
  • The projects developing innovative support systems and mechanisms especially for SMEs
  • Small-sized infrastructure projects of local administrations
  • The projects requiring detailed preparatory period

In restricted call for proposals, announcement and application processes are completed by following the rules and procedures of open call for proposals method.   The time limit for submission of concept notes shall not be less than 30 days and more than 45 days after the announcement date of call for proposal.

Guided Project Support

Guided Project Support is designed for providing financial and technical supports to projects contributing acceleration of regional development and enhancement of entrepreneurship and innovation capacity of the region.

The Agency determines the project areas to be supported with its general framework and also the possible actors competent to implement it. In this type of support, cooperation among public sector, private sector and nongovernmental organizations is highly encouraged.

The implementation period of the projects under the Guided Project Support shall not exceed 2 years. The Agency may provide support at a maximum rate of 90% per project.