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September 30, 2022
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FinMin Caciu: IMM Invest Plus programme will contribute to the development of the Romanian economy

The launch of the new IMM Invest Plus programme will contribute to the development of the Romanian economy, by attracting capital with the lowest financing costs on the market, for an estimated number of beneficiaries of almost 25,000, Minister of Finance Adrian Caciu maintains, according to a press release sent to AGERPRES.

State aid schemes for SMEs, worth 4 billion euros, coordinated by the Ministry of Finance, received the approval of the European Commission on Friday. The programmes are run through the National Credit Guarantee Fund for Small and Medium-Sized Enterprises (FNGCIMM), the Romanian Counter-Guarantee Fund (FRC) and the Rural Credit Guarantee Fund (FGCR).

“Today’s approval (Friday, ed. n.) of the European Commission simply translates: another 4 billion euros for the Romanian economy! The launch of the new IMM Invest Plus programme will contribute to the development of the Romanian economy, by attracting capital with the lowest financing costs of on the market, for an estimated number of beneficiaries of almost 25,000,” said Adrian Caciu.

Thus, starting Monday, September 12, 2022, entrepreneurs are invited to register on the www.imminvest.ro platform, to access the funds made available through the IMM Invest Plus Programme, using any of its components: IMM Invest Romania, Agro IMM Invest, IMM Prod, Garant Construct, Innovation and Rural Invest. State aid will be granted in the form of guarantees for loans and grants that will cover the risk commission, as well as the administration commission for the entire validity period of the granted guarantee, and the interest related to the credits will be subsidised for a period of up to 12 months.

Through the state aid scheme made available by the Ministry of Finance and operated by FNGCIMM, FRC and FGRC, the guarantee ceiling of the programme was increased with over 10 billion lei, to 17.75 billion lei, and the state aid scheme in the form of grants exceeds 1.9 billion lei.

A new programme devoted to SMEs called IMM Invest Plus starts this  week, with subsidised interest rates and consistent credits, both for investments and for working capital, president of the National Council for Small and Medium-Sized Private Enterprises of Romania (CNIPMMR) Florin Jianu said last Thursday at the “European Funds for SMEs 2021-2027” event.

According to a press release from CNIPMMR sent to AGERPRES, the most important financing programmes dedicated to SMEs at the regional and national level were promoted and presented during the debate, such as IMM Invest Plus, IMM Prod, Garant Construct, Start-up Nation, the Micro-industrialisation Programme, IMM Recover and other projects for SMEs in the area of digitisation, digital transformation, smart specialisation or internationalisation.

“This year, FNGCIMM [the National Loan Guarantee Fund for SMEs] granted more than 50,000 guarantees, the vast majority coming from IMM Invest, a programme that ended at the end of June, and next week a new programme called IMM Invest Plus will start, where the interest will be subsidised, and credits are consistent, both for investments and for working capital. Regarding the national programmes, we saw at Start-up Nation that there is still demand, which is why it must be continued and supported through adequate public communication, because this programme represents the gateway to the economy for young entrepreneurs. In conclusion, I should mention that Romania’s partnership agreement is already accepted by the European Commission, things are on a right, professional track, and our wish would be to start the calls this winter, so that there should be no period in which the European funds, so necessary and useful, are not present in the economy, which is why we expect a simplification and an enhanced pro-implementation approach, and in the next period we will come up with concrete proposals in this regard,” said Florin Jianu.

 

Read also:

PM Ciuca hails EC approving 4 billion euro worth investment programme

 

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