23.08.2024

FAMILY BUSINESSES AND CRAFTSMEN CAN APPLY FOR A GRANT OF UP TO BGN 150,000

Family businesses and enterprises from the creative industries and crafts have one more month to apply for support with European funds to increase their production capacity, the Ministry of Innovation and Growth announced.

Companies can apply for a grant of between BGN 15,000 and BGN 150,000 under the "Competitiveness and Innovation in Enterprises" Program, which is administered by the Ministry of Innovation and Growth. The total budget of the procedure is BGN 117.5 million.

For the first time, support is specifically aimed at micro and small family businesses, and those from the creative industries and craft sector.

With the funds, the companies will be able to buy new machines, equipment, tools, as well as specialized software. They will have the opportunity to create online stores to improve their market performance and increase their sales. The procedure will also provide support for the introduction of information and communication technologies or modules to improve management, production and logistics processes.

Co-financing is a minimum of 25 percent for family businesses and those in the creative industries and at least 15 percent for businesses in the craft sector.

The Ministry of Innovation and Growth launched the information campaign to present the procedure "Support for family businesses, enterprises from creative industries and crafts" from the Program "Competitiveness and Innovation in Enterprises" in the middle of last year.

The main objective of the procedure is to encourage investments to improve production capacity and optimize business processes in family businesses, enterprises from the creative industries and crafts and thus contribute to increasing their competitiveness and strengthening their market presence.