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Cemil Demiryürek, Chairman of the Board of Directors of the Yalova Chamber of Commerce and Industry (YTSO), evaluated the new 250 billion TL credit support for the manufacturing industry, announced last month by the Minister of Treasury and Finance, Mehmet Şimşek, with applications opening on September 1st. Demiryürek stated that the financing package could significantly contribute to accelerating ongoing investments in organized industrial zones in Yalova, increasing production capacity, and creating new jobs.

Demiryürek, noting that the new credit package announced by Minister Şimşek to support the manufacturing industry's access to finance is important for the real sector, drew attention to the fact that high financing costs continue to be one of the major problems facing investors and industrialists.

Demiryürek said, “We welcome the 250 billion TL credit support for the manufacturing industry as extremely positive for our business community. Access to affordable and long-term financing is crucial for the sustainability of production and investment for our businesses.”

We Want Yalova to Get a Strong Share from This Fund

Stating that Yalova has shown significant development in terms of industrial investments in recent years, YTSO Board Chairman Cemil Demiryürek noted that the announced financing package should be evaluated separately for the province.

“Yalova is now progressing towards becoming an important production center not only with its existing industrial establishments but also with new investments implemented in organized industrial zones. We have very significant potential in machinery, chemicals and composites, shipbuilding and yachting, automotive sub-industry and other manufacturing sectors.

Therefore, we believe it is important for our businesses and investors in Yalova to benefit from the 250 billion TL financing package to the greatest extent possible.”

Key Features of the Financing Support

Some key features of the financing package offered to businesses meeting employment requirements are as follows:

Up to 6 months of grace period for principal payments, total maturity of up to 36 months

Annual interest rate of 37% for fixed-rate loans, and TLREF + 1 for variable-rate loans

12 percentage points of the interest rate covered by the Ministry, bringing the effective cost to approximately 25%

Up to 150 million TL credit limit for large businesses

For SMEs, the credit limit will be calculated based on the monthly average of the total earnings subject to premiums reported during the reference period

The calculated credit amount may be increased by one fold for businesses meeting the technical criteria determined by the Ministry

Businesses holding an incentive certificate under Decision No. 9903 may use credit up to six times the applicable gross minimum wage if they provide the additional employment foreseen by the investment

Applications can be made between September 1 and October 31, 2026. The loans under the program are expected to be disbursed through 15 banks: Ziraat Bank, VakıfBank, Halkbank, TEB, İş Bankası, Garanti BBVA, Akbank, Yapı Kredi, DenizBank, QNB Bank, and Ziraat Katılım, Kuveyt Türk Katılım, Emlak Katılım, Türkiye Finans Katılım, and Vakıf Katılım.

It Can Accelerate the Completion of Investments in Organized Industrial Zones

Stating that the financing support could create a significant opportunity, especially for organized industrial zones where the investment process is ongoing, Cemil Demiryürek said:

“Our companies investing in our organized industrial zones have significant financing needs, from facility construction to machinery and equipment investments, from technology investments to working capital.

Increased access to financing with favorable conditions will contribute to the completion of investments in a shorter time and the factories starting production. We will see the result of this not only in the industrial sector but also in the entire Yalova economy.”

Every New Factory Creates a Multiplier Effect in Yalova's Economy

Mayor Demiryürek also pointed out that the impact of OSB (Organized Industrial Zone) investments is not limited solely to direct employment.

“The start of production at a new factory creates a very broad economic activity, from employment to logistics, from trade to the service sector, from supporting industries to the accommodation and food and beverage sectors.

Therefore, we cannot separate the acceleration of investments in our OSBs from Yalova's overall economic growth. Every new job and production capacity created in industry contributes directly or indirectly to other sectors of our city.”

Should Be Used for Value-Added Production and Exports

Demiryürek stated that financial support should be evaluated not only for the completion of existing investments but also in terms of Yalova achieving a higher value-added industrial structure.

“Yalova's goal should not only be to produce more, but to achieve a higher value-added industrial structure. Access to finance should be facilitated for our businesses that export, use technology, invest in environmentally friendly production, and create qualified employment.”