State Aid & EU Funds
The EU is funding Romanian SMEs in 2024. These companies are in six counties shifting from polluting industries. The funding for Romanian SMEs is from 200,000 to 8 million euros. This is through regional state aid and de minimis aid.
The Development of Enterprises and Entrepreneurship program runs from December 20, 2023, to March 20, 2024. It has a total budget of 775 million euros. Micro-enterprises in certain counties can apply for grants of 50,000 to 200,000 euros. This is through a separate European fund line.
Funding schemes for Romanian SMEs
As we look ahead to 2024, funding opportunities vary across regions. Some have already closed their applications. Others will open later in the year. The Bucharest-Ilfov Region offers a notable example. It will launch a 75.2 million euro fund in July 2024. This money aims to help modernize micro-enterprises. Businesses should stay alert for similar chances in their areas. Planning ahead can secure valuable support.
Grants SMEs in central region
The Central Region offers grants for technological investments and digitization for SMEs, with different submission periods for each program. In the North-West Region we get funding opportunities for micro-enterprises, with grants ranging from 20,000 to 200,000 euros.
Grants SMEs in south-east and north-east region
South-East Region plans to boost micro-enterprises in Q3 2024.
North-East Region offers 30 million euros for sustainable SME growth.
Conclusion of funding for Romanian SMEs
The 2024 program is exciting. It offers big grants. Non-IT firms can get up to 3 million euros. They must team up with IT companies. The focus is on digitization projects and helps businesses modernize. It boosts digital growth. The program aims to drive innovation. It’s a great opportunity for transformation.
Vlog for entrepreneurs in Romania – subscribe please
The initiative DR30 for Romanian farmers
Establish a business in Romania