The Government of Romania has adopted the Ordinance that will regulate the granting of investment grants

Specifically, grants will be awarded for investments necessary for service delivery capacity and for investments for refurbishment. Their financing is provided by the Ministry of Investments and European Projects from the Competitiveness Operational Program.

Measure 1 concerns investment grants needed to provide services and has allocated EUR 59.69 million from the POC and the state budget. The value of the grants is between 50,000 euros and 200,000 euros, at most five times the turnover of 2019. Micro-enterprises will have to provide co-financing of 5%, small enterprises 10%, and medium-sized enterprises 15%. The companies that can contract the grants are the ones that carry out their activity in the fields of Class P – Education, Class Q – Health and social assistance, Class S – Other service activities.

Measure 2 concerns grants for investments for refurbishment, with allocated funds of 358.14 million euros, from the POC and from the state budget. The value of the grants is between 50,000 euros and 500,000 euros, at most five times the turnover of 2019. The beneficiaries will have to provide co-financing of 25% – 75%, depending on the region in which the investment is made. The companies that can contract the grants are those that carry out their activity in fields from Class C – Manufacturing Industry (except for the codes 11 manufacture of beverages, 12 manufacture of tobacco and 254 manufacture of armament and ammunition), Class F – Constructions; Class G – Wholesale and retail trade; Repair of motor vehicles and motorcycles; Class H – Transport and storage; Class I – Hotels and restaurants.

Criteria for selecting micro-enterprises and SMEs to benefit from grants

The criteria established by the normative act are: a) The decrease of the turnover on December 31, 2020 compared to December 31, 2019, as a result of the effects of the COVID-19 pandemic; b) Decrease in the rate of operating profit for the financial year 2020 compared to the financial year 2019, as a result of the effects of the COVID-19 pandemic; c) The rate of return on operational activity in the financial year 2019, before the COVID-19 pandemic; d) The affiliation of the field of activity – CAEN code – to the balance of the trade balance, according to the provisions of GEO. The investment is made on the CANE code related to the negative balance of the trade balance, respectively the imports are higher than the exports, according to the data provided by the National Institute of Statistics / National Bank of Romania; e) Increasing labor productivity in the 3rd year of project sustainability.

In the case of projects that obtain equal scores, the tie will be made according to the rate of return on operational activity in the financial year 2019, calculated to 3 decimal places. Projects that will not get min. 60 points will not be eligible for funding.

Following the publication of the normative act adopted in today’s Government meeting, MIPE will publish on the website, for consultation, the applicant’s guide for contracting grants under the two measures. According to the current estimated schedule, the call will be launched in August 2022. Grant projects will be submitted through the SME Recover platform.

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