Investment grants for SMEs

Investment grants for SMEs

Investment grants are awarded per project and beneficiary and have a value between EUR 50,000 and EUR 200,000.

It is granted to beneficiaries who implement investments in the current field of activity or in a different field of activity, necessary for:
• the extension of the existing production capacities, as well as for the extension of service capacities;
• the realization of new units of the existing production capacities, as well as for the realization of new units for the provision of services;
• rehabilitation / modernization of existing production units, as well as for the rehabilitation / modernization of new service units.
The beneficiaries of the grants must ensure the co-financing at the constitution of the working capital, in a percentage of minimum 30% of the value of the requested grant for the Bucharest-Ilfov area and minimum 15% for the less developed regions.

Categories of beneficiaries:
• food industry, bakery, pastry and other activities assimilated to them, including processing, remaking, distribution and packaging;
• car industry and specific car services, including car repair and laundry services and others like that;
• energy and equipment / technologies / machinery for energy efficiency;
• constructions, construction materials, equipment, specific means of transport, machinery, technologies in constructions;
• transport services, including international transport services;
• body care and body maintenance services;
• repair and maintenance services;
• tourism, tourist pensions, hotels, restaurants and leisure services, including specific leisure infrastructure;
• metal / wood / furniture;
• textile / leather garments;
• the pharmaceutical industry and medical equipment, including emergency medical warehouses;
• creative industries, including in the field of culture and creative services;
• education services: nurseries and kindergartens, schools;
• health services: medical offices, medical equipment, medical devices and others like that;
•trade.

! The list of eligible fields of activity is provided in annex no. 3.

Qualification criteria:
• they had current / operational activity carried out for at least one year before submitting the financing application;
• they have registered operational profit from the current activity, respectively from the exploitation activity in one of the financial years from the last 2 years before the submission of the financing application;
• undertakes to ensure the development of the operational / current activity for a period of at least 3 years after the expiration of the project implementation period;
• achieves at least 50% of the value of income in the first 2 years of sustainability, and the difference until the end of the sustainability period, respectively the third year;
• have their own co-financing of the project in a percentage of at least 15% of the value of the investment project requested for financing for the less developed regions, and for the Bucharest-Ilfov region, of at least 30% of the value of the project requested for financing;
• undertakes to provide evidence on the reasonableness of costs for investments for which state aid is requested.

Selection criteria:
• criteria for evaluating the profitability of investment projects,referred to as IRR;
• criteria for co-financing investment projects;
• the ratio between the operating profit and the requested grant;
• the affiliation of the field of activity – CANE code – to the balance of the trade balance. Priority will be given to areas of activity in which in 2019 imports were higher than exports and had a contribution to the negative balance of trade.

Types of eligible expenses:
a) expenses with the realization / acquisition of constructions, acquisition of equipment, including IT&C, software technologies, equipment, installations, technologies, independent endowments, office furniture and specific furniture, land acquisition within 10% of the eligible value of the project, expenses with consultancy and design, project management, technical assistance, site management, systematization and land use planning costs, environmental costs, expenses related to utilities, accessibility expenses, promotion expenses, participation in fairs, events, conferences , expenses on studies, expenses related to intellectual property rights, intangible assets related to patents, product brands, software necessary for carrying out the activity, as well as any other categories of expenses that are related to the investment project that is the subject of the financing contract;
b) expenses for the realization of warehouses of medical equipment, medicines, sanitary materials destined to the intervention for emergency situations;
c) expenses with the acquisition of equipment, including IT&C equipment, software technologies, technology, machinery, installations, independent endowments, office and specific furniture, fixed assets inventory items for existing production / service units, as well as intangible assets to patents, product brands, software required to carry out the activity.

Eligible costs for beneficiaries in the field of transport services:
a) expenses with the rehabilitation / modernization / extension and / or realization of some depots for the means of transport from the endowment or for those to be acquired;
b) expenses with the acquisition of means of transport for the transport of persons and goods, with the exception of the means of transport by taxi or those intended for the administrative activities of the economic operator or transport activities in their own interest;
c) expenses regarding the endowment of the existing means of transport with equipment and technologies that lead to the improvement of the comfort / quality of the passenger and goods transport services provided.

Types of ineligible expenses:
a) consultancy services, studies or other similar activities;
b) offices or other activities intended for real estate investments for office rental / concession or any other forms of their capitalization;
c) Expenses generated after the commissioning of the investment project in the nature of expenses with salaries, expenses with the acquisition of raw materials, consumables, repairs and maintenance and other such categories of expenses

The beneficiaries of the contracts for granting state aid for investments may request the payment of the value of the expenses incurred through the mechanisms of payment requests and / or, as the case may be, the mechanism of pre-financing requests or reimbursement requests.

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