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March 3, 2021

Gov’t subsidises the setting up of SMEs in rural areas

On Wednesday, the Government approved a Memorandum on supporting four more ‘de minimis’ aid schemes for programmes meant to stimulate the setting up and development of SMEs, with the state aid totalling RON 110 M. The highest sums are earmarked for two programmes meant to stimulate the setting up of companies in villages and the development of small businesses in the industrial sector.

The support schemes are devised for 2016, but can be extended for the next four years. The four aid schemes approved by the Government are the “Programme for the development of entrepreneurial skills among youth and easing their access to START financing” (budget of RON 17 M in 2016), the “National multiannual programme for the setting up and development of SMEs in rural areas” (RON 25.9 M), the “National multiannual programme for micro-industrialisation” (RON 60.89 M) and the “National multiannual programme for the setting up and development of business and technology incubators” (RON 7 M).

According to the Government, the programmes will finance over 700 businesses. Thus, the first programme will finance 141 companies, the second at least 207, the third will have 244 beneficiaries and the fourth will finance at least 120 entrepreneurs.

‘De minimis’ aid is offered in the form of grants to be used for the reimbursement of eligible expenditures proposed through the business plans and approved by the civil servants who manage the programmes concerned.

The subsidy programmes seek to boost the number of new SMEs and the number of new jobs created and maintained at least until 2019.

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