Danida has provided funds (DKK 69 million) to be allocated within the industrial sector to support initiatives abating pollution encourage safe working conditions and ensure environmental legislative compliance. The revolving fund will provide enterprises with the opportunity to make economic benefits and ensure proper compliance with environmental laws. Small and medium size enterprises being members of the FEI are eligible to apply. Loans can reach up to EGP 3 million per enterprise with 2.5% interest rate per year.

A Cooperation agreement was signed in February 2005 between EEAA, FEI and National Bank of Egypt (NBE) for the purpose of operating the ECO revolving fund for investing in new equipment.

Danida has provided funds (69 million DKK) to be allocated within the industrial sector to support initiatives abating pollution encourage safe working conditions and ensure environmental legislative compliance. The revolving fund will provide enterprises with the opportunity to make economic benefits and ensure proper compliance with environmental laws. Small and medium size enterprises being members of the FEI are eligible to apply.

Loans can reach up to EGP 3 million pounds per enterprise with 2.5% interest rate per year.

Loans are repaid over 5 years and funds are reused for financing new Cleaner Production initiatives in other enterprises.