Micro and small enterprises will be able to apply for grants support
The
Managing Authority of the Operational Program "Innovation and
Competitiveness" 2014-2020 plans to announce on May 11, 2020 a selection
procedure for projects "Support to micro and small enterprises to overcome
the economic consequences of the COVID-19 pandemic “.
The total
amount of the grant is BGN 173 million and covers all sectors of the Bulgarian
economy (except for those supported by the Rural Development Program). The
enterprises that have registered a decrease of at least 20% in their turnover
for April 2020 compared to the average monthly turnover for 2019, will have the
opportunity to receive amounts from BGN 3,000 to 10,000. With them they will be
able to cover their most urgent needs, such as rent, consumables, raw
materials, salary costs and other working capital costs.
Eligible
applicants are micro and small enterprises fulfilling the following conditions:
- legal entities or sole traders
registered under the Commercial Act or the Cooperatives Act with staff of up to
50 employees;
- registered before 01.07.2019 and
engaged in economic activity;
- registered a decrease of at least
20% in the turnover for April 2020 compared to the arithmetic average monthly
turnover in 2019 and;
- carry out activities in all economic
sectors, except those falling within the scope of the Rural Development
Program.
Minimum and
maximum value of the awarded grant per project:
- minimum value: BGN 3,000;
- maximum value: BGN 10,000
The
requested grant from the applicant should not exceed 10% of the turnover for
2019.
Term of
project implementation: 3 months
Requirements
to the candidates:
- Submitted Annual Tax Return to the
NRA and submitted Statistical reports for 2019;
- Candidates’ turnover for 2019 should
be minimum BGN 30,000.
Eligible expenses:
Expenses
needed to overcome a shortage of funds or lack of liquidity as a result of the
COVID-19 pandemic: for raw materials and consumables; for external services
(including overheads); for staff (incl. expenses for remunerations and expenses
for social security and health contributions at the expense of the employer,
with the exception of expenses for staff assisted under measure 60/40).
Application
procedure:
Completely
electronically by filling in a web-based application form through the
Information System for Management and Monitoring of the EU Structural
Instruments in Bulgaria: procedure No:
BG16RFOP002-2.073
see
here (it will be published on 11.05.2020 in the section open procedures). For this purpose, it will be
necessary to use a valid Qualified Electronic Signature (QES) of the
representative or a person authorized by him with an explicit power of
attorney.
Deadline
for application
30 days from the date of announcing the procedure.
This material and information are for general information
purposes only. Making any business, legal or other decisions needs additional
professional advice. If you have any additional questions, please
contact us.
07.05.20
