?Up to 6 million euros for SMEs investments

June 9, 2020

A NEW financing line dedicated to SMEs will be open very soon, with grants between 2 to 6 milion euro, for investment projects in any region except for Bucharest-Ilfov. The draft guide was available for public consultation until May 29th, 2020.
Within this financing line, the eligible investments are:

  • creating a new production /service unit (location), construction space;
  • expanding the capacity of an existing unit by increasing the production volume for at least one product /service;
  • diversification of a unit through products /services that were not previously manufactured in that unit.

The grant value is between 2 mil. euro and 6 mil. euro with a maximum financing rate of:

  • 60% for mediumsized enterprises (between 50 and 249 employees and turnover of up to 50 million euros), except for investments made in the West region where financing is 45%;
  • 70% for small enterprises (between 10 and 49 employees and turnover of up to 10 million euros), except for investments made in the West region where financing is 55%.

Eligible applicants are companies that fulfil the following minimum criteria:

  • Are classified as SMEs (= 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) and registered an operating profit (> 0 lei) in the previous fiscal year;
  • Have an investment project located, in urban areas, any region except for Bucharest-Ilfov (only medium size companies can do investments in rural areas).
  • The investment must be on an eligible field of activity, main or secondary – see the list of financed CAEN codes here.
  • The project must include an initial investment in tangible assets such as: construction/extension of capacity and/or equipment purchasing.

Find more details here.

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