Financing of SMEs investments

April 17, 2019

Awaiting a future launch of investment in SMEs call with a grant of up to € 5,000,000. The requirements are:

Eligible beneficiaries – societies or cooperative societies:

  • urban areas SMEs (including microenterprises) and
  • rural areas medium enterprises.

Beneficiaries must have at least 1 year of activity (established before 03.01.2018).
Eligible regions: North-East, South-East, South Muntenia, South-West Oltenia, West, North-West, Center (except Bucharest – Ilfov and ITI Danube Delta area).

Eligible investments:

  • creating  a new production/service construction and endowment space;
  • expanding capacity of an existing unit by increasing at least one product/service production volume 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 must include an initial investment in tangible assets (construction/ extension/ endowment with tangible assets).

Implementation period – 12 months.
Implementation period can be extended up to maximum twice the period initially foreseen under conditions stipulated in the financing agreement but not later than 31.12.2023.

The grant value is: minimum 1.000.000 euro and maximum 5.000.000 euro.

Non-reimbursable financing rate:

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

More details here.

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