Period of Priority Financing Document in Investment Projects

A new communiqué amendment prepared by the Ministry of Industry and Technology was published in the Official Gazette, implementing the Priority Financing Document practice to facilitate access to finance for investment projects.

Purpose and Scope of the Application

The Ministry of Industry and Technology introduced a new regulation to facilitate access to finance for investment projects, and with the communiqué amendment published in the Official Gazette, the Priority Financing Document practice was put into effect.

This document was designed to indicate that it is appropriate to allocate credit for projects meeting the priority criteria determined by the Ministry.

Investment Amounts and Threshold Values

With the new regulation, investors holding incentive certificates for the manufacturing industry will be able to apply to the Ministry to obtain a Priority Financing Document before applying for financing.

In this context, projects to be applied for will be required to have a total projected investment amount of at least 100 million liras, including R&D expenditures.

For applications for the TSP Document used for strategic investments, the investment size threshold was set at 1 billion liras, while the investor is required to have a paid-in capital of at least 50 million liras on their balance sheet.

Evaluation and Scoring Process

Technical committee evaluations in the TSP Document process will not be applied to Priority Financing Document applications.

Investments holding an incentive certificate issued within the scope of incentive programs will be directly issued a document without additional evaluation.

Other applications will be scored according to determined criteria, and projects receiving fifty points and above will be entitled to receive the document.

Areas Included in Support Scope

Investments for the production of strategically prioritized products were included in the support scope within the framework of the regulation.

Additionally, projects aimed at development and production activities in technology fields, as well as the acquisition of critical raw materials and passing them through high value-added processes, were included in the process.