New possibilities for financing the tourism business for energy renovation of buildings

23.02.2023

NEW POSSIBILITIES FOR FINANCING THE TOURISM BUSINESS FOR ENERGY RENOVATION OF BUILDINGS

The tourism business can receive financing under the National Plan for Recovery and Resilience of the Republic of Bulgaria under a new open procedure. The Ministry of Regional Development and Public Works announced on February 2, 2023 a procedure for the selection of proposals for the implementation of investments from final recipients BG-RRP-4.021 "Support for energy renovation of buildings in the sphere of production, trade and services".

The deadline for submitting project proposals for the implementation of investments is 15.06.2023. The main purpose of the current procedure is to provide funds from the Recovery and Resilience Mechanism for the energy renovation of buildings in the sphere of production, trade and services, including from the "Tourism" sector. The total amount of funds under the procedure is BGN 235,200,000. Eligible applicants are micro, small, medium and large enterprises registered no later than 31.12.2019.

Proposals are submitted entirely electronically by completing a web-based Application Form. The form and accompanying documents are submitted through the Information System for the Mechanism (ISM) - the Information System for the Management and Monitoring of the EU Structural Instruments in Bulgaria (ISUN 2020), section "National Recovery and Resilience Plan", only with the use of a valid Qualified electronic signature, through the "E-candidacy" module. The documents for the procedure can be found here.

Experts of the Ministry of Tourism and representatives of the industry participated actively together with the Ministry of Regional Development and Public Works in the development of the procedure, most of the proposals made were accepted in the final version of the documents. A summary of the procedure for obtaining grants BG-RRP-4.021 "Support for energy renovation of buildings in the sphere of production, trade and services" under the National Recovery and Resilience Plan can be found here.