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EU funds 3 min read

Funding for SMEs – working capital

The following funding programmes have been launched for public consultation:

Todos & Company editorial team · EU funding consultancy since 2006

Funding for SMEs – working capital

The following funding programmes have been launched for public consultation:

  1. €2,000 micro-grant – working capital

The funding provides working capital for the categories of costs needed to restart their activity. The scheme is worth €100 million – €85 million in non-refundable EU funds and €15 million in co-financing from the state budget.

Micro-grant value: €2,000, one-off. 

Beneficiaries: micro-enterprises, PFAs (sole traders), NGOs. Eligible fields of activity: 

  • -printing;
  • -telecommunications, ICT;
  • -publishing and advertising activities;
  • -architecture, design, translation;
  • -sports activities;
  • -manufacture of jewellery, musical instruments, games and medical equipment.

Procedure in public consultation, published on 10 July 2020.

2. Working capital for businesses affected by COVID-19

The funds allocated for working capital grants total €350,000,000.

Working capital grants are awarded to beneficiaries according to the turnover achieved in the financial year preceding submission of the funding application, as follows:

  • for SMEs with a 2019 turnover of between €5,000 and €13,500, the grant value is €2,000;
  • for SMEs with a 2019 turnover of between €13,501 and €1,000,000, the grant value is set at 15% of turnover and may not exceed €150,000.
  • for SMEs with a turnover equivalent to more than €1 million, the maximum value of the aid is €150,000.

Co-financing: 15% own co-financing.

Beneficiaries: SMEs in the following fields of activity: restaurants, hotels, cafés, transport services, travel agencies, publishers/bookshops/libraries, and event organisers whose current activity has been affected by the spread of the COVID-19 virus or whose activity was prohibited by military ordinances during the state of emergency and/or the state of alert.

Procedure in public consultation, published on 10 July 2020.

3. Investment grants for SMEs

The total funds allocated for investment grants amount to €550,000,000.

Grant value: €50,000 – €200,000

Co-financing: 15% own co-financing, 30% for beneficiaries in Bucharest-Ilfov.

Investment areas:

-Food industry, processing, distribution and packaging;
-Automotive industry and automotive-specific services, including repair services, car washes and the like;
-Energy and energy-efficiency equipment/technologies/machinery;
-Construction, equipment, specific means of transport, machinery and technologies for construction;
-Transport services, including international transport services;
-Personal care and body maintenance services;
-Repair and maintenance services;
-Tourism, guesthouses, hotels, restaurants and leisure services, including specific leisure infrastructure;
-Metal/wood/furniture products;
-Textiles/leather goods;
-Pharmaceutical industry and medical equipment, including medical warehouses for emergency interventions;
-Creative industries;
-Education services;
-Health services: medical practices, medical equipment, medical devices and the like;
-Construction, land purchase up to 10% of the project value, equipment and standalone facilities for organising events;
-Information technology, nanotechnology;
-Equipment, machinery and technologies for production in fields of activity other than those mentioned above.

Procedure in public consultation, published on 10 July 2020:

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