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 24^th, 2019 until March 24^th, 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 3^rd, 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 31^st, 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.