In the next period, the Ministry of Public Finance is intending to update the GD 807/2014 state aid scheme and to open a new session of project proposals.

According to the Government’s statements, “the state aid scheme will have a total budget of 1 billion euro over a 5-year period and hopes that by the end of June the legislative framework will be adopted so that companies can submit their projects.[…] Among the innovative elements of the new scheme will be: differentiation of the scheme into two categories: investments under and over 10 million euro. The areas of interest will be: production, innovation and research.”

We remind you of the most important details of this financing opportunity
(according to the latest launch of the scheme from 2016):

Eligible applicants are companies (large and SMEs), including start-ups (the subscribed capital is of minimum 100.000 lei), from all economic sectors, except companies activating in areas such as: aquaculture, primary production, processing and marketing of agricultural products, steel, coal sector, shipbuilding, production of synthetic fibers, transportation and energetic sectors and all sectors listed in Annex 1 to GD 807/2014.

Eligible expenditure:

• Costs excluding VAT, related to the realization, respectively the acquisition of tangible and intangible assets, and the expenses related to the renting of the constructions related to the initial investment
  • Tangible assets: construction, technical installations, machinery and equipment;
  • Intangible assets: depreciable assets associated with the initial investment, such as patents, licenses, know-how, etc.

Project value: minimum 44 mill. lei (approx. 10 mill. euro). In the update version, two types of projects will be launched:

• For investments up to 10 million euro
• For investments of over 10 million euro

The grant awarded is differentiated according to the implementation region:

• up to 15% in the Bucharest Region;
• up to 35% in the West and Ilfov Regions;
• up to 50% in the rest of the regions (North West, North East, Center, South West, South, South East)