11.01.2023

BGN 117 MILLION FOR FAMILY BUSINESSES UNDER THE NEW COMPETITIVENESS PROGRAM

As early as January 2023, the Ministry of Innovation and Growth will launch applications for grants for the modernization of family businesses and companies from the creative industries and crafts.

It will be possible under the procedure for Improving the production capacity of small and medium-sized enterprises worth over BGN 117 million. It is under the "Competitiveness and Innovations in Enterprises" Program.

The procedure will be aimed at small and medium-sized enterprises and, more precisely, family businesses - enterprises that are owned by more than one family member. Eligible expenses will be aimed at acquiring machinery, equipment, equipment and software related to the production goals of the enterprises.

The application will only be made electronically through the ISUN system.