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2 clusters · 18 sources · 27 days · First seen about 2 months ago · Last updated 27 days ago

Turkish industrial financing and investment initiatives

Overview

Turkey has introduced significant credit and financing initiatives to support its manufacturing and industrial sectors.

In early September, discussions in Van regarding regional industrial development highlighted a new 250 billion lira credit package from the Ministry of Industry and Technology. This program, designed to assist both SMEs and large enterprises, offers loans with grace periods of up to six months and maturities of up to 36 months. To encourage production-oriented investments, the credit limit for large enterprises was increased from 50 million lira to 150 million lira.

By late September, the Ministry of Industry and Technology expanded its financing efforts through the 750 billion lira Investment Committed Advance Loan (YTAK) Program. This initiative introduced the Priority Financing Certificate (ÖFB) to grant manufacturers faster access to long-term, favorable loans. Under these rules, investments with an incentive certificate of 100 million TL or more, or those meeting specific productivity and R&D criteria, can qualify for YTAK loans of up to 1 billion TL, covering up to 50 percent of total investment costs.

Minister Mehmet Fatih Kacır further clarified that investors involved in the ‘Turkey Century Development Move’ or those holding Strategic Investment Certificates will receive the ÖFB directly. Other manufacturing investments will be evaluated based on value-added potential, productivity, sectoral impact, economic contribution, and R&D competence, requiring a minimum score of 50 to qualify.

In a related economic development context, Vice President Cevdet Yılmaz stated that Turkey aims to create 2.1 million additional jobs by 2029 through increased production capacity and vocational education. He noted that the seasonally adjusted unemployment rate was 7.8 percent in August 2026.

Entities

Ministry of Industry and Technology · Cevdet Yılmaz · Van · Recep Tayyip Erdoğan · Burhan Kayatürk

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The Ministry of Industry and Technology is launching a new application within the Investment Committed Advance Loan (YTAK) Program.
[● 3 SOURCES] The YTAK Program has a total budget of 750 billion lira.
[● 3 SOURCES] All manufacturing industry investments with an incentive certificate of 100 million TL or more are covered by the new application.
[● 3 SOURCES] Other incentive certificate holders must score 50 or more points based on value-added potential, productivity, economic contribution, and R&D competence to receive an ÖFB.
[● 3 SOURCES] ÖFB holders can apply to banks for YTAK loans of up to 1 billion TL, covering up to 50 percent of the investment.
[● 3 SOURCES] To date, 84 projects with a total investment value of 530 billion lira have been directed to favorable financing conditions.
[● 2 SOURCES] Investors with a Strategic Investment Certificate or those under the Turkey Century Development Move Program will receive Priority Financing Certificates (ÖFB) directly.

Timeline

27 days ago

[BUSINESS] 13 sources
Turkey launches new industrial financing and employment targets
Turkey introduces new financing for manufacturing, offering loans up to 1 billion TL via the YTAK Program, while aiming to create 2.1 million new jobs by 2029 through increased production and investment.
about 2 months ago

[BUSINESS] 5 sources
Van industrial leaders discuss new 250 billion lira credit package
Van industrial leaders discussed a new 250 billion lira credit package from the Ministry of Industry and Technology designed to boost manufacturing, investment, and employment in the region.

Sources

aksiyon.com.tr · avrupagazete.co.uk · aydinses.com · baskentgazete.com.tr · bazaartimes.com · beyazgazete.com · bolgegazetesivan.com · cnbce.com · ekonomist.com.tr · fibhaber.com · gazeteabc.com · gazetedamga.com.tr · haber16.com · malatyaguncel.com · medyakesan.com.tr · sanayigazetesi.com.tr · sondakika.com · yenierdekgazetesi.com

This summary has been updated 1 time: see revision history