Aid to businessAid to business is aimed at improving the long-term competitiveness and operating environment of small and medium-sized enterprises.
Aid to businesses is granted by the regional Centres for Economic Development, Transport and the Environment and the Ministry of Employment and the Economy primarily for implementation of projects improving the development and operating environment of SMEs.
The European Regional Development Fund (ERDF) participates in financing of the development and operating environment projects of enterprises.
The Ministry of Employment and the Economy steers and controls the Centres in terms of aid to business. The Ministry is responsible for the centralised development and maintenance of budgeting, legislation, guidelines and business analyses regarding Centres’ aid to business, as well as of other instruments (e.g. forms, ADP systems) related to the granting and payment of financing.
The aid for development and operating environment projects of
enterprises is applied from the Centres for
Economic Development, Transport and the Environment. The aid is
discretionary based on the business and project analyses made by the Centres. Granting the aid requires of the applicant presentation of a
feasible project plan and a financing plan.
The Centres for Economic Development, Transport and the Environment make most of the decisions on aid to business. Only in cases where projects with costs exceeding € 4.0 million are concerned, the decision is made by the Ministry upon a proposal by the Centre concerned. The Centres also pay in arrears the aid granted on the basis of the implementation of the project.