The Ministry of Regional Development and Public Administration released for public consultation the Specific Guideline (IP 2.2, POR 2014-2020) regarding the call for SMEs for a financing up to 5.000.000 euro.

The guide is in public consultation until 23.11.2018.

Eligible beneficiaries – Cooperative societies or societies that fall under the category:

• SMEs 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 no later than 03.01.2018).

Eligible regions: North-East, South-East, South Muntenia, South-West Oltenia, West, North-West, Centre (Projects implemented in the Bucharest – Ilfov and ITI area cannot be submitted).

Eligible investments:

• the creation of a new unit, the construction and endowment of a production/ service space, in order to start the project activity;
• expanding the capacity of an existing unit by increasing the volume of at least one product/ service without the fundamental change in the production process;
• diversification of an 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 proposed project in the grant application must necessarily include an initial investment in tangible assets financed by regional state aid (construction/ extension/ endowment with tangible assets).

Implementation period – 12 months.

The period for realization of the project activities after the signing of the financing contract may be extended up to a maximum of twice the period initially foreseen under the conditions stipulated in the financing agreement but not later than 31.12.2023.

Financing amount: 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, 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;

More information here.