Regional mechanism for SME development support

 In

Regional mechanism for SME development support

Section: Companies

Target audience:

• SMEs as per the EU definition, belonging to the sectors of industry and high value-added (HVA) services

Objectives:

To help companies successfully pass a crucial milestone in their development by meeting their demands for stable resources to finance their investment projects

• To promote economic development and employment in the region

Type: repayable advance

Section: investment

Maximum rate:between 20% and 40% of the investment amount excluding VAT in a nominal advance amount of between €16,000 and €500,000. The minimum investment amount is 80,000 euros excluding VAT.

Industrial SMEs:

• Project between €200k minimum and €400k = maximum RA of 50%

• Project between €400k and €600k = maximum RA of 40%

• Project over €600k = maximum RA of 30%

Services SMEs with HVA:

• Project between €50k minimum and €150k = maximum RA of 50%

• Project between €150k and €300k = maximum RA of 40%

• Project over €300k = maximum RA of 30%

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