COMPANIES ECONOMY FINANCE&BANKING

Study: Over 84 pct of ‘Start-up Nation Romania’ potential beneficiaries want 200,000 lei financing

The majority of the potential beneficiaries (84.3 pct) of the “Start-up Nation Romania” government programme, which will be launched in May this year, want to obtain the maximum amount provided for, 200,000 lei, being willing to hold two jobs, shows a statistical study conducted by a consulting company, released on Wednesday.

According to research results, over 40 pct of the programme’s beneficiaries come from the services sector, 27 pct from production, 12.7 pct from trade, 9.3 pct from creative industries and only 8.8 pct from IT.

At the same time, 39.7 pct of applicants will allocate zero lei for supporting the business plan and 36.3 pct consider that they can provide a contribution between 1,000 and 5,000 euro. Furthermore, 12.7 pct invest between 5,000 and 10,000 euro, 4 pct between 10,000 and 20,000 euro and 4 pct over 20,000 euro.

CILV Consulting study revealed that almost three quarters of the potential beneficiaries (72.5 pct) haven’t started a business yet, still waiting for the final financing conditions of the programme. In addition, 21.1 pct maintained they would start the activity irrespective of obtaining the financing, while 78.9 pct are dependent on it.

About 85 pct of respondents declare that they want to get the maximum amount of 200,000 lei, being willing to keep up with two jobs. Thus, the budget allocated to the project could support up to 10,000 companies

The “Start-up Nation Romania” programme for stimulating the setup of small and medium-sized enterprises is an initiative coordinated by the Ministry for Business, Trade and Entrepreneurship, and is going to be launched in May 2017. It will take the form of a maximum amount of 200,000 lei de minimis aid, representing 100 pct of the total eligible expenses.

Currently, the implementation procedure is under public consultation.

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