Investment grant for Ida-Viru companies
| Name of the support measure: | Investment grant for Ida-Viru companies |
|---|---|
| Purpose of the support: | to support the diversification of the economy and the competitiveness of businesses in Ida-Viru County through investments that create higher added value and new jobs |
| Target area for the support: | Ida-Viru county |
| Who is the main target group of the grant? | The support may be applied for by commercial undertakings entered in the Estonian Business Register, which is not excluded under subsection 2 (4) or whose field of activity or the field of activity of the project for which support is requested does not correspond to the following sections of the Annex 16 “Estonian Classification of Economic Activities (EMTAK)”: 1) section A – agriculture, forestry and fishing; 2) section G – wholesale and retail trade, excluding maintenance and repair of motor vehicles andmotorcycles; 3) division 920 of section R – gambling and betting activities; 4) section K – financial and insurance activities; 5) division 62 of section J – computer programming, consultancy and related activities; 6) division 69 of section M – legal and accounting activities; 7) division 70 of section M – activities of head offices and management consultancy activities; 8) division 73 of section M – advertising and market research; 9) division 77 of section N – rental and leasing activities; 10) division 782 of section N – temporary employment agency activities. |
| Project duration: | The eligibility period of a project starts from the date of submission of the application to the implementing body or from the date indicated in the decision granting the application and ends on the date specified in the decision granting the application, but no later than on 31 August 2026. The maximum duration of the eligibility period of a project is 36 months. |
| Budget of the support measure: | 153,000,000 euros |
| Minimum grant: | min. 500,000 euros |
| Maximum grant: | the amount of the subsidy depends depends on the size of the total investment and on the size of investment per 1 new job created; in general, up to 15 million euros for a project whose total amount is less than 50 million euros. |
| Grant % of total eligible project costs: | The share of support varies from 25% to 80% and depends on: — the size of the project budget, — the size of the enterprise, — the types of activities in the project. |
| Supported activities in the project: | — implementation of an initial investment or of an initial investment in a new economic activity (including purchase of land plots, construction of a building, purchase of equipment); — implementation of investments to promote energy generated from renewable sources and hydrogen, and investments in the establishment of solar and wind farms, provided that the electricity generated is intended to ensure the supply of electricity to the supported project; — consultation, feasibility studies, comparison of technologies, preparation of assessments, design and overview of the activities carried out and planned by the applicant to apply for a building ermit along with the schedule and documentation, development of infrastructure, connection to networks and notification related to the receipt of support; — conducting applied research (2*); — conducting experimental development (3*); — applying for the initial protection of intellectual property born as a result of the supported activity specified in clauses (2*) or (3*); — training of the employees of the beneficiary. |
| Additional Information: | on the EAS web page |
| Grant regulation (in English): | on the EAS web page (.pdf) |
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