NSRF 2021-2027

SUPPORT FOR THE ESTABLISHMENT AND OPERATION OF NEW SMALL AND MEDIUM-SIZED BUSINESSES

Funding Key Points

Date of opening/closing of applications

From December 18, 2023, to February 29, 2024, until 3:00 PM.

Content of the Investment Plan

Support for the establishment and newly formed SMEs’ business plans, which intend to invest their own resources in the activity they plan to pursue and will create new employment opportunities.

Beneficiaries

Under establishment and newly established Very Small, Small, and Medium-sized Enterprises (SMEs) that will operate or are operating in the eligible CAE (Classifications of Economic Activities) as defined in the Invitation (Annex II ELIGIBLE ACTIVITIES – CAE).

Category A: Under establishment. Businesses that will be formed from the date of issuance of the Action’s Call until the first disbursement of the grant and will operate exclusively in the eligible CAE throughout the implementation of the investment plan and until the repayment of the investment.

Category B: Newly established. The term “newly established” refers to businesses for which a continuous 12-month operation has not elapsed (12 months from the date of the business start date at AADE until the date of the announcement of the Action). It should be noted that they must operate exclusively in eligible CAE of the Action at the time of submitting the funding application, throughout the implementation of the investment plan, and until the repayment of the investment.

Budget

The subsidized budget for each investment plan ranges from €30,000 to €400,000.

Underlying investment projects

The grant percentage for funding applications is uniform for all eligible expenses of the investment plans and amounts to 45% of the subsidized budget.

The grant percentage can be increased by:

  • 10% if the investment is made in a remote, fire-affected, flood-prone area, or small islands, and
  • an additional 5% with the achievement of the employment target of at least 1 FTE (Full-Time Equivalent) in the first year after the completion of the investment.

Eligible expenditure

  • Buildings, facilities, and surrounding areas
  • Machinery – Equipment
  • Digital equipment – Software and Software Services

 

Additionally, expenses are supported for:

  1. a) Certification of Quality Assurance Systems, Environmental Management, in accordance with national harmonized and other European and international standards,
  2. b) promotion, external relations, and internationalization,
  3. c) transportation means,
  4. d) studies and consulting services,
  5. e) logo design and corporate identity,
  6. f) indirect expenses

Other information

The implementation duration of the physical and economic objectives of the investment plan will be 24 months from the date of issuance of the inclusion decision.

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