In 23 December MA POR announced the launch of the call for SMEs for a financing up to 1.000.000 euro.

The period during which the applications grant may be submitted: 23/02/2017, 12:00 – 23/08/2017, 12:00.

In the new guideline there are some changes that make this call more attractive for SMEs, among which are:

– the reduction of few financial indicators in order to obtain the maximum score for this criterion;

– the substantial reduction of the profit rate growth (from 40% to 20%) for maximum score for this criterion.

We remind you the main conditions:

 Eligible beneficiaries:

• SMEs (with up to 250 employees and up to 50 million euro turnover) from urban areas (including microenterprises) and
• medium enterprises from rural areas.

It is required for a beneficiary to have at least 1 year of activity (established at 04.01.2016).

Eligible regions: North-East, South-East, South Muntenia, South-Vest Oltenia, North-West, Centre (Projects implemented in the Bucharest – Ilfov development region cannot be submitted);

Eligible investments:

1. Construction, extension of the production/ services areas;
2. Acquisition of tangible (equipment, tools etc), intangible assets (patents, licenses etc), including e-commerce tools.
3. Implementation of quality environmental or health management systems;
4. Participation to international fairs and exhibitions, trade missions etc.

Financing amount: minimum 200.000 euro and maximum 1.000.000 euro.

Non- reimbursable financing rate:

For investments mentioned at points a) and b):

• Small enterprises: 60% ( from North-East, South-East, South Muntenia, South-West Oltenia, North-West, Centru regions) and 45% (from West region), from the eligible expenses value;
• Small and micro enterprises: 70% ( from North-East, South-East, South Muntenia, South-West Oltenia, North-West, Centru regions) and 55% (from West region from the eligible expenses value;

For investments mentioned at points c) and d): 90% from the eligible expenses value;

More information here.