FRG (Regional Guarantee Fund) — Bretagne
Purpose: helping companies to be created, taken over, converted and/or grow by making credit easier to access through a guarantee on bank loans. Beneficiaries listed in the catalogue: SMEs as defined by the EU. Excluded: financial intermediation (NAF J65); property development and rental (NAF K 701 and K 702), except property holding companies (SCI) financing property acquisitions to be rented to a company whose partners hold the SCI's capital; agricultural businesses with revenue below €750,000 (NAF A011 to A020), although on-farm anaerobic digestion projects are eligible whatever the farm's revenue, including when a dedicated entity is created (activity: electricity production). The financing terms and selection criteria must be checked against the applicable official version.
The regional guarantee fund (Fonds Régional de Garantie, FRG) for Bretagne is a regional scheme. The catalogue describes its purpose as follows: helping companies to be created, taken over, converted and/or grow by making credit easier to access through a guarantee on bank loans. It is a guarantee backing bank financing, not a grant paid directly to the company.
Funded by Bpifrance, Région Bretagne
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Who can apply
Beneficiaries listed in the catalogue: SMEs as defined by the EU. Excluded: financial intermediation (NAF J65); property development and rental (NAF K 701 and K 702), except property holding companies (SCI) financing property acquisitions to be rented to a company whose partners hold the SCI's capital; agricultural businesses with revenue below €750,000 (NAF A011 to A020), although on-farm anaerobic digestion projects are eligible whatever the farm's revenue, including when a dedicated entity is created (activity: electricity production). Check the legal form, size, activity, area covered, technical and financial capacity and the exclusions set out in the official rules.
Eligibility conditions
Conditions in the catalogue: not specified. Check the current rules, exclusions, combination rules, selection criteria and whether you must apply before committing.
What the scheme covers
Operations or costs listed: eligible projects: business takeovers (purchase of shares or goodwill) with an establishment in Brittany; international development; investment programmes needed for innovation or technological development; companies belonging to an officially recognised competitiveness cluster or to the regional sector policy; strengthening SME cash flow; financing and takeover of the last food shops in rural areas. Takeovers of businesses or business assets in difficulty are excluded. Eligible financing: medium- and long-term loans; equipment and property leasing, sale-and-leaseback, financial leasing (excluding simple rental); bank guarantees linked to a vendor loan; Bpifrance development contracts; counter-guarantee of Bpifrance seed participating loans.
Amount and funding terms
The catalogue states: a guarantee of up to 35% of the bank loan, topping up the guarantee granted by Bpifrance. Total guarantee cap: 70%, with risk capped at €1,500,000. This catalogue indication is neither a commitment to grant cover nor a confirmation of the applicable rate; check the rate, caps, eligible costs and combination rules.
How to apply
1) Identify the managing authority or financial partner. 2) Obtain the current rules. 3) Check the beneficiary, the project, the eligible costs, the rate or cap, the combination rules and the timetable. 4) Confirm the procedure and the documents before committing. In practice, the application goes through your bank.
Timeline
No usable end date is given. Confirm the timetable, the status of the scheme and the budget available with the managing authority or the financial partner.
Key facts
- Funder
- Bpifrance, Région Bretagne
- Type of funding
- Guarantee
- Status
- Ongoing
- Maximum amount
- €1,500,000
- Automatically extracted — check the official source
- Funding rate
- 35%
- Automatically extracted — check the official source
- Geographic scope
- Not specified
Frequently asked questions
What is the FRG (Fonds Régional de Garantie) - Bretagne for?
The catalogue describes the following purpose: helping companies to be created, taken over, converted and/or grow by making credit easier to access through a guarantee on bank loans. Check that your project falls within the scope of the applicable product.
Who can benefit and what are the exclusions?
The catalogue lists: SMEs as defined by the EU. Excluded: financial intermediation (NAF J65); property development and rental (NAF K 701 and K 702), except property holding companies (SCI) financing property acquisitions to be rented to a company whose partners hold the SCI's capital; agricultural businesses with revenue below €750,000 (NAF A011 to A020), although on-farm anaerobic digestion projects are eligible whatever the farm's revenue, including when a dedicated entity is created (activity: electricity production). Eligibility also depends on location, size, legal form, type of project and the exclusions in the current rules.
What amount or rate is provided?
a guarantee of up to 35% of the bank loan, topping up the guarantee granted by Bpifrance. Total guarantee cap: 70%, with risk capped at €1,500,000. Amounts and rates must be checked in the applicable rules.
Is the scheme open and how do I apply?
No usable end date is given. Confirm the timetable, the status of the scheme and the budget available with the managing authority or the financial partner. Confirm the procedure, documents and timetable with the relevant authority before relying on the scheme.
Official source
No official URL is available in our data for this grant.
Other grants of type “guarantee”
Other grants from Bpifrance, Région Bretagne
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