22.02.2021

A new measure in support of small companies in our country has been opened

Operational Program "Innovation and Competitiveness" announced a procedure for selection of projects BG16RFOP002-2.089 "Support for small businesses with a turnover of over BGN 500,000 to overcome the economic consequences of the COVID-19 pandemic".

The aim is to help overcome the economic consequences of the pandemic. The total amount of the grant under the procedure is more than BGN 78 million.

The new procedure in support of small business will allow only projects of applicants who were registered before January 1, 2019, worked at least 2 years before the pandemic and have at least two completed financial years before the announcement of the procedure.

The new measure is open today for application in the information system for management and monitoring of the structural instruments of the European Union in Bulgaria. The deadline for submission of proposals expires on March 15, 2021. The submission of projects is done entirely electronically.

The financial support is from the European Regional Development Fund and also includes nearly BGN 12 million in national co-financing.

More than BGN 700 million, which are part of the anti-crisis package implemented by the Ministry of Economy, have already reached Bulgarian companies. The money is under the procedures for micro and small enterprises, for the transport sector, for small and medium enterprises from the tourism sector, as well as under the joint procedure with the National Revenue Agency, under which the disbursement of funds continues.