From September, EU funds of HUF 75 billion will be released in two installments to domestic small and medium-sized enterprises in the GINOP Plusz. With this, it is possible to purchase machines and tools that contribute to the innovation of the business processes of the given company.

There is no shortage of Hungarian small and medium-sized enterprises wishing to invest and develop, but the competitive sector has been waiting in vain for a long time for development resources that help this. The company manager who scanned the tender market in recent years was usually faced with the fact that there is no more money for the 2014-2020 EU cycle, and no money for the 2021-2027 period. However, now there is a glimmer of hope thanks to the Economic Development and Innovation Operative Program Plusz (GINOP Plusz), because the GINOP Plusz code number 2.1.3-24 call is coming, which

aims to "support the innovation capacity of SMEs".

The money will come in September

The social consultation was concluded at the end of May, according to the draft, HUF 75 billion will be made available in two installments - in September this year and next March. The first phase holds 40 billion forints, the second 35 billion forints, but the fact that only 15 billion forints of the total amount can go to developed regions is also a non-negligible aspect. HUF 20–50 million can be requested, with at least 30 percent equity, which is also the proportion of the amount that can be withdrawn as an advance. Thousands of micro and small businesses may receive non-refundable support after the number of projects expected to receive the green light is 1,500-3,750, so it is not an exaggeration to say that a long-awaited dumping tender will arrive on September 3.

Innovative businesses that are able to develop will once again have the opportunity to purchase machines and tools, but an important condition is that the developments must be aimed at the innovation of business processes, the result of which is a new or improved solution that differs significantly from the company's previous practice

Ferenc Ádám Tóth, executive director of the European Conformity Check (ECC) Business Development Consulting Institute, who is also the manager of the Hungarian Metál Metal Industry Cluster, told Index.

You can read more details HERE!

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