Strengthening the Establishment and Operation of New Small and Medium Enterprises
The new NSRF program for subsidizing new businesses was announced on December 18, 2023. This action offers financing to new businesses that are starting from scratch or that have recently started and have not completed 12 months of continuous operation.
The subsidized budget of each investment project ranges from €30,000 to €400,000 and covers 45% of the total cost of the investment project.
The subsidy rate can be increased up to 60% if the investment is made in certain areas or if new jobs are created.
Program Details
Subsidy up to 45% of the investment plan
- The initial investment support rate is 45%.
- The aid rate may be increased by 10% for investments in remote areas and by an additional 5% for investments that create new jobs.
Submission Period from 18/12/2023 to 29/2/2024 (time 15:00)
Duration of investment plan implementation
24 months from the date of issuance of the integration decision.
Business Categories
Start-up and newly established Micro, Small and Medium Enterprises which will operate or are operating in the eligible KADs of the Call
Category A. Start-up Businesses
Businesses that will be established from the date of issuance of the Action Announcement until the first disbursement of the grant and will operate exclusively in eligible KAD(s), throughout the implementation of the investment plan and until the repayment of the investment.
Category B. Newly Established Businesses
The term newly established defines businesses for which 12 months of continuous operation of the Business KAD have not passed: They must operate exclusively in eligible KADs 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.
Basic Participation Requirements
The proposed investment plan must concern at least one of the eligible KADs. They must submit a single funding application per VAT number. They must obtain a minimum score of 70 during the self-assessment of the investment plan based on the criteria in the Annex.
They must provide evidence of securing the Private Participation of the proposed investment plan at a rate of at least 60%.
Financing
- Buildings, facilities and surrounding area
- Machinery – Equipment
- Digital Equipment – Software and Software Services
- Additionally, expenses are supported for:
- a) Certification of Quality Assurance and Environmental Management Systems, in accordance with nationally harmonized as well as other European and international standards, b) promotion of extroversion and internationalization, c) means of transport, d) studies and consulting services, e) logo and corporate identity design, f) indirect costs
Why choose Business Best to submit your application?
Business Best specializes in supporting businesses in submitting applications for NSRF programs.
It has specialized partners and an extensive network with experience and knowledge in the processes of the Competitiveness 2021-2027 programs.
Business Best services include:
- Consulting on choosing the appropriate subsidy for the business
- Preparation and submission of the subsidy application
- Support for the business throughout the project implementation period until the disbursement of the subsidy