The LVPA has launched the call “REGIO POTENCIALAS LT”, which offers up to EUR 0.5 million of support for the modernisation of a company’s business. The aim is to encourage micro, small and medium-sized enterprises to invest in the introduction of modern technologies to adapt existing and create new production capacities for new and existing products
Support for activities to modernise production :
- construction of a new building or reconstruction, major repairs and upgrading of internal engineering networks of an existing building
- Costs of acquiring plant, equipment and tangible assets for productive activities (including transport, design, installation, site preparation, installation, preparation for use, testing, training for use, safety instruction, maintenance (while installation, installation, preparation for use, testing) and related costs);
- special purpose vehicles for productive activities
Amount of funding
- The maximum amount of funding that can be granted to a project is EUR 500 000
- The minimum amount of funding that can be awarded to a project is EUR 25 000
Funding intensity
- Under the de minimis programme, up to 65% of the total eligible project costs;
- Not under the de minimis scheme:
- up to 45 % of the total eligible costs of the project if the applicant is a micro- or small enterprise (up to 50 employees)
- up to 35 % of the total eligible costs of the project if the applicant is a medium-sized enterprise (up to 250 employees)
Key requirements for the company:
- In operation for at least one year
- The annual income from production is at least EUR 145 000.
The project requires:
- A business plan providing information to justify the need for the project and the need for investment.
- Application and related documents.
Project duration up to 24 months. Applications must be submitted by 25 February 2019.
We have a team of professionals from businesses and academic institutions who will help you assess the retrofitting options and work with your specialists to prepare the most appropriate technical-financial solutions, prepare the application and help you implement the project.