?Grants up to 1 million euros for SMEs – financing line launched from today until June 4th

May 4, 2020

The call for investments in SMEs was launched today, May 4th, 2020. Projects can be submitted until June 4th, 2020. The grant for a project is up to 1 mil. EUR.

Eligible regions for investment are only South-East, South-Muntenia and South-West Oltenia (any other region is not eligible under this call).
Eligibile counties are: Arges, Calarasi, Dambovita, Giurgiu, Ialomita, Prahova, Teleorman, Braila, Buzau, Constanta, Galati, Tulcea, Vrancea, Dolj, Gorj, Mehedinti, Olt, Valcea.

Eligible investments:

  • creating  a new production /service unit (location),  construction and endowment space;
  • expanding the capacity of an existing unit by increasing the production volume for at least one product /service, without fundamentally changing the production process;
  • diversification of a unit through products /services that were not previously manufactured /rendered in the unit. Diversification of production implies that new products /services are added to the range of assortments already produced /rendered.

The project proposal must include an initial investment in tangible assets such as: construction /extension of capacity and/or equipment purchasing.

Eligible applicants are companies that fulfil the following minimum criteria:

  • Are classified as SMEs, including microcompanies (= less than 250 employees and up to 50 million euro turnover and / or have total assets of up to 43 million euros);
  • Have at least 1 year of activity (to be established no later than January 2019);
  • Have an investment project located in urban areas (only medium size companies can do investments in rural areas).
  • Have registered an operating profit (> 0 lei) and an average number of 3 employees in the previous fiscal year.

Implementation period – maximum 36 months, but not later than December 31st, 2023.
The grant value is: minimum 200.000 euro and maximum 1.000.000 euro.

Non-reimbursable financing rate:

  • For state aid scheme:
    • Medium enterprises: 60%;
    • Small and micro enterprises: 70%;
  • For minimis component – 90% from the eligible value (limited to 200.000 EUR).

 Find more details here.

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