1 million euro grant for SMEs in the North-East and West regions
November 7, 2019
The call for investments in SMEs located in North-East and West regions was announced to open and projects can be submitted starting with December 24th, 2019 until March 24th, 2020. The grant for a project is up to 1 mil. EUR.
Eligible applicants are companies that fulfill the following minimum criteria:
- Are classified as SMEs, including micro companies (= less than 250 employees and 50 mil. euro turnover);
- Have at least 1 year of activity (to be established no later than January 3rd, 2018);
- Have an investment project located in urban areas (only medium size companies can do investments in rural areas also);
- Have registered an operating profit (>0 lei) and an average of 3 employees in the previous fiscal year.
Eligible regions for investment are only North-East and West (any other region is not eligible under this call).
Eligible type of 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 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 purchasing of equipment.
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:
- Medium enterprises: 60% (for North-East region) and 45% (for West region), of eligible expenses value;
- Small and micro enterprises: 70% (for North-Est region) and 55% (for West region), of eligible expenses value;
- For minimis component – 90% from the eligible value (limited to 200.000 EUR).
Find more details here.