Important Regulation on the Priority Financing Programme
Published by the Ministry of Industry and Technology
Executive Summary
The Communiqué published in the
Official Gazette dated 3 September 2026 and numbered 33359 introduced
significant amendments regarding the strategic priority and technical
assessment process to be carried out by the Ministry before investment projects
gain access to financing.
The regulation defines the “Priority Financing Certificate” and clarifies the Ministry’s assessment before financing applications are submitted to intermediary banks, the scope of applications, financial thresholds, the scoring approach and support limitations.
- The scope and principles governing the use of the Priority Financing Certificate have been determined.
- The eligible investors and project categories have been regulated.
- The thresholds for investment amount, equity or paid-in capital have been determined.
- Where resources are limited, applications may be scored and ranked.
- A limitation has been introduced regarding interest or profit-share support for applications within the scope of the Certificate.
Key Amendments
1. Priority Financing Certificate
A certificate demonstrating eligibility to apply for
financing programmes following the Ministry’s project assessment has been
defined.
2. Scope of Application
The investors eligible to obtain a certificate from the
Ministry before applying to intermediary banks, as well as the projects to be
assessed under the programme, have been regulated.
3. Financial Thresholds
For general applications, a minimum total investment
amount of TRY 1 billion, including R&D expenditure, is required. For
Priority Financing Certificate applications, the minimum investment amount is
TRY 100 million, while equity or paid-in capital in the latest fiscal-year
balance sheet must be at least TRY 50 million.
4. Support Limitation
It has been stipulated that no interest or profit-share
support will be provided under the investment incentive certificate for
applications concerning the Priority Financing Certificate.
5. Scoring and Ranking
Where resources are limited, applications may be scored
and ranked, and a minimum score may be applied.
Purpose of the Regulation
- To facilitate access to financing for strategic and technology-oriented investments
- To support investments under the Türkiye Century Development Initiative
- To subject project eligibility to the Ministry’s assessment before financing
- To allocate limited resources on a project-specific and scoring-based basis
What Is the Priority Financing Certificate?
|
The
Priority Financing Certificate is a document indicating that, following the
Ministry’s assessment, it is appropriate for credit to be allocated to the
project for the purpose of applying to financing programmes. The Certificate
is obtained before submitting a financing application to an intermediary
bank. |
Eligible Investment Projects
- Projects assessed under the Türkiye Century Development Initiative or the relevant investment incentive regulations
- Projects focused on development, production or use in the production process in fields included in the Technology Fields List
- Investment projects that meet the relevant financing programme requirements and the other conditions set out in the Communiqué
Application Requirements
|
Criterion |
Description |
|
General
investment threshold |
The
projected total investment amount, including R&D expenditure, must be at
least TRY 1 billion. |
|
Certificate-specific
investment threshold |
For
Priority Financing Certificate applications, the investment amount must be at
least TRY 100 million. |
|
Financial
capacity |
Equity
or paid-in capital in the latest fiscal-year balance sheet must be at least TRY 50 million. |
Interest and Profit-Share Support
For
applications concerning the Priority Financing Certificate, no interest or
profit-share support will be provided under the investment incentive
certificate. Investors should model the total financing cost by taking this
limitation into account.
Scoring and Assessment
Applications
will be assessed by the Technical Committee, and projects will be scored
against the specified criteria for the certificate to be issued under the
relevant programme. Where resources are limited, applications may be ranked
according to their scores and a minimum score requirement may be applied.
Legal Disclaimer
|
This bulletin has been prepared for
general information purposes based on the Communiqué published in the
Official Gazette dated 3 September 2026 and numbered 33359. The explanations
contained herein do not constitute legal, financial, tax, financing or investment
advice. Professional advice should be obtained before taking any action,
taking into account the circumstances of the specific matter and the current
legislation. No liability is accepted for the consequences of any action
taken solely on the basis of the explanations contained in this bulletin. |
https://www.resmigazete.gov.tr/eskiler/2026/09/20260903-2.htm