{"id":3367,"date":"2025-06-23T12:11:58","date_gmt":"2025-06-23T09:11:58","guid":{"rendered":"https:\/\/www.vika.lt\/project\/pagalbos-verslui-fondas-pvf\/"},"modified":"2026-09-04T10:56:02","modified_gmt":"2026-09-04T07:56:02","slug":"state-aid-fund-for-business-safb","status":"publish","type":"projektas","link":"https:\/\/www.vika.lt\/en\/project\/state-aid-fund-for-business-safb\/","title":{"rendered":"State Aid Fund for Business (SAFB)"},"content":{"rendered":"\t\t
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In times of economic crisis, swift yet carefully considered decisions are crucial. In 2020, to mitigate the impact of the coronavirus pandemic on the national economy, the State Aid Fund for Business (SAFB) was established \u2013 one of the most significant state financial instruments designed to support medium-sized and large enterprises. UAB Valstyb\u0117s Investicinis Kapitalas contributed to the fund\u2019s activities by allocating EUR 200 million as the sole limited partner.<\/p>

The fund had two fundamental goals:<\/p>

  • to provide financing to companies facing temporary financial problems;<\/li>
  • to encourage the development of capital markets in Lithuania.<\/li><\/ul>

    Enterprises could obtain financing through debt instruments or ordinary bond issues.<\/p>

    The structure of the SAFB is presented below:<\/p>

    \"\"<\/p>

    Key information about the State Aid Fund for Business<\/h2>
    Indicator<\/b><\/td>Data<\/b><\/td><\/tr>
    Legal form<\/td>Limited partnership (private legal entity with unlimited civil liability)<\/td><\/tr>
    Fund manager<\/td>UAB Valstyb\u0117s Investicij\u0173 Valdymo Agent\u016bra (member of the National Development Bank ILTE Group)<\/td><\/tr>
    Source of capital<\/td>Sole limited partner \u2013 UAB Valstyb\u0117s Investicinis Kapitalas<\/td><\/tr>
    Licencing<\/td>The fund is not licenced and is not directly supervised by the Bank of Lithuania<\/td><\/tr>
    Start of operations<\/td>13 October 2020<\/span><\/td><\/tr>
    Forms of financing<\/td>Loans, bond and stock redemptions, mixed financial instruments<\/td><\/tr>
    End of investment<\/td>1 July 2022<\/span><\/td><\/tr><\/tbody><\/table>

    Key clients of the State Aid Fund for Business and their sectors of activity<\/h2>

    \"\"<\/p>

    \u00a0<\/h2>

    Pagrindin\u0117 informacija apie UAB \u201eValstyb\u0117s investicinis kapitalas\u201c \u012fna\u0161\u0105 \u012f K\u016aB ,,Pagalbos verslui fondas\u201c<\/h2>
    Indicator<\/b><\/td>Data<\/b><\/td><\/tr>
    Total investment amount<\/td>EUR 200 million<\/td><\/tr>
    Limited partner<\/td>UAB Valstyb\u0117s Investicinis Kapitalas<\/td><\/tr>
    Form of investment<\/td>Limited partner contributions<\/td><\/tr>
    Supervision<\/td>

    Delegated to the SAFB Advisory Committee:<\/span><\/p>

    • Jolanta Diauk\u0161tien\u0117 \u2013 UAB Valstyb\u0117s Investicinis Kapitalas board chair
      <\/span><\/li>
    • Mindaugas Kekys \u2013 UAB Valstyb\u0117s Investicinis Kapitalas independent board member<\/span><\/li>
    • Vaidas Daktari\u016bnas \u2013 UAB Valstyb\u0117s Investicinis Kapitalas CEO<\/span><\/li><\/ul><\/td><\/tr>
    Contributions to the SAFB by year<\/td>

    2020 \u2013 EUR 7 million<\/p>

    2021 \u2013 EUR 143 million<\/p>

    2022 \u2013 EUR 50 million<\/p><\/td><\/tr>

    Yield<\/td>Depending on the contribution, from 1.83% to 5.91%<\/td><\/tr>
    Capital returns from the SAFB<\/td>

    2022 \u2013 EUR 1 million<\/p>

    2023 \u2013 EUR 1.5 million<\/p>

    2024 \u2013 EUR 20 million<\/p>

    2025 \u2013 EUR 26 million<\/p>

    2026 \u2013 EUR 43 million<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    The main goals of SAFB were to provide incentive financing to large and medium-sized enterprises.<\/p>\n","protected":false},"featured_media":3117,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"class_list":["post-3367","projektas","type-projektas","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.vika.lt\/en\/wp-json\/wp\/v2\/projektas\/3367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vika.lt\/en\/wp-json\/wp\/v2\/projektas"}],"about":[{"href":"https:\/\/www.vika.lt\/en\/wp-json\/wp\/v2\/types\/projektas"}],"version-history":[{"count":6,"href":"https:\/\/www.vika.lt\/en\/wp-json\/wp\/v2\/projektas\/3367\/revisions"}],"predecessor-version":[{"id":5064,"href":"https:\/\/www.vika.lt\/en\/wp-json\/wp\/v2\/projektas\/3367\/revisions\/5064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vika.lt\/en\/wp-json\/wp\/v2\/media\/3117"}],"wp:attachment":[{"href":"https:\/\/www.vika.lt\/en\/wp-json\/wp\/v2\/media?parent=3367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}