A new procedure has been announced to help small businesses

12.04.2022

A NEW PROCEDURE HAS BEEN ANNOUNCED TO HELP SMALL BUSINESSES

The whole of Europe is in an extremely difficult situation of global inflation, war and economic crisis, and the Ministry of Innovation and Growth (MIG) is working to help Bulgarian companies continue their sustainable development, Daniel Laurer, Minister of Innovation and growth, told reporters.

He announced the beginning of the procedure "Rehabilitation of small and medium enterprises through the improvement of energy efficiency" with a budget of BGN 136 million to the Operational Program "Innovation and Competitiveness" (OPIC). The procedure is aimed at micro, small and medium-sized companies in the manufacturing industry. The sector is among the most affected by rising electricity prices.

The co-financing under the program is up to 50 percent. In this way, investment projects of more companies will be supported. The application will start on May 3 and will end on May 23.

Companies will have 11 working days before the start date to apply to prepare their projects. With the money you will be able to buy tangible fixed assets - machinery, equipment and modern systems to improve energy efficiency.

The list of all eligible machines and equipment is part of the application package. Companies must complete their projects within 10 months of concluding contracts.

The full package of documents on the procedure (Conditions for application, Conditions for implementation and annexes to them) is published in UMIS 2020: https://eumis2020.government.bg, on the website of the operational program: www.opic.bg, as well as on The single information portal for general information on the management of the Structural Funds and the Cohesion Fund of the European Union in the Republic of Bulgaria: www.eufunds.bg.

The National Recovery and Sustainability Plan (NRSP) received a positive assessment from the European Commission. The programs managed by the MIG provide BGN 1.3 billion to help Bulgarian enterprises. The planning for part of the funds is in the final phase and there will be money at the end of June to support the companies, the minister added.