Some $450 million in financing will be provided to small and medium-sized enterprises (SMEs) and industrial firms under the Türkiye Green Industry Project, The financing will support SMEs renewable energy and green transformation investments and R&D activities focused on circular economy and reducing carbon emissions, and the project is being implemented jointly with the World Bank.

The operation will direct $250 million to the SMEs Development Organization of Türkiye (KOSGEB), to help SMEs improve their resource performance and reduce carbon emissions, and $175 million to the Scientific and Technological Research Council of Türkiye (TÜBITAK), to foster green innovation activities by Turkish enterprises, research institutions and universities. The remaining $25 million will be used to coordinate project activities and lay the institutional foundations for the implementation of the national green industrial transition agenda.