11.04.2023
LHV is once again presenting the ‘Who does it?’ challenge to local communities, with the aim of finding the most enterprising communities who want to build or restore a special object in their region.
‘Who does it?’ is LHV’s Home Repair Loan support programme which results in financial support for construction or repair of buildings, objects or outdoor areas of significant importance for Estonian communities. This year, the support fund is EUR 25,000, which will be distributed based on the decision of the jury.
The Head of LHV Finance, Heidy Kütt, said that the aim is to find such projects that would involve the community and the completion of which would create new opportunities for locals.
‘Over the previous years, we have supported the renovation of an important village shop and a volunteer fire department building. Last year, we allocated funds for the restoration of a unique culture factory and a 100-year-old barn. All of these are projects that had been delayed due to a lack of funds, but the completion of which invigorates or improves the life of the local community,’ said Kütt.
Over the course of two years, nearly 100 unique ideas from all over Estonia have been submitted to the competition, which shows that such sites can be found in every corner of Estonia. ‘Over the years, we have received a lot of different ideas and buildings with great potential, but which unfortunately just stand in disrepair. We want everyone to walk around their locality with open eyes and mind, and to find the sites that locals would seriously care about restoring. The greatest value is to see how the ideas implemented under the leadership of the locals and with our support actually find application,’ Kütt added.
The competition invites ideas and project plans until the end of April, and the winners will be announced by the end of spring. What matters is not the availability of a fully professional construction or business management team, but motivation and good planning skills. It all starts with a good idea – afterwards there will also be like-minded people with whom to carry out the idea.
LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, and LHV Kindlustus. The Group’s companies employ more than 910 people. As at the end of February, LHV’s banking services are being used by 387,000 clients, the pension funds managed by LHV have 130,000 active clients, and LHV Kindlustus protects a total of 155,000 clients. LHV’s UK branch offers banking infrastructure to 200 international financial services companies, via which LHV’s payment services reach clients around the world.
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