2021 Funding opportunities: Non-reimbursable funds for the electrical, electronic and household appliances manufacturing industry
At the moment, the new financing programs for the programming period 2021 – 2027 are not yet finalized and officially approved, but the Ministry of Public Finances continues to support the business environment through support measures such as State Aid.
One of the State Aid Schemes that will continue in 2021 is the Programme established by GD. No. 807/2014 which aims to stimulate investments with major impact in the economy, with its subsequent amendments and completions.
In today’s article, we address an activity sector that has a special importance for the national economy and is supported through the GD. No. 807/2014, namely the electrical, electronic and household appliances manufacturing industry. This sector of economic activity, characterized by increased competitiveness, requires investments that encourage the acquisition of high-tech assets to obtain products of high-quality standards, low operating costs and increased productivity, including increased productive capacity in order to fully meet market demand.
The State Aid Scheme established by GD. No. 807/2014 supports the financing of investments with major impact in the economy, starting from a minimum value of over 1 million Euro and addressing a wide typology of beneficiaries from the business environment, namely SMEs, large enterprises, as well as start-ups. State aid can be obtained by preparing a business plan accompanied by supporting documents (investment plan, financial forecast, etc.) and by submitting a funding application to the Ministry of Public Finance, the main manager of the State Aid Scheme established by GD No. 807/2014.
The economic activities within the electrical, electronic and household appliances manufacturing industry eligible under G.D. No. 807/2017 cover the main relevant divisions: NACE 26 (Manufacture of computers and electronic and optical products), NACE 27 (Manufacture of electrical equipment), NACE 2931 (Manufacture of electrical and electronic equipment for motor vehicles and motor vehicles) and NACE 3320 (Installation industrial machinery and equipment).
The project may propose the construction of a new production unit, the expansion of the existing production units, the rental of the unit/bulding, but also the procurement of new technical installations, machines and equipment. Also, high-performance intangible assets can be purchased: computer programs, patents, licenses, know-how, intellectual property rights.
From the perspective of technical installations, machines and technological equipment that can be purchased, the State Aid Scheme allows a wide range of investments in various equipment such as: injection machines, gluing machines, cooling equipment, 3D printing equipment, milling equipment to the actual purchase of industrial robots in order to automate production processes, depending particularly of the specifics of the investment and the processes carried out in the applicant company.
The State Aid Scheme established by GD No. 807/2014 represents an opportunity to finance investments with a major impact on the economy which can positively stimulate the applicant companies to significantly develop their position within the market where they currently operate or for diversifying their activity in new target markets. The scheme allows beneficiaries to access state aid of up to EUR 37.5 million, with a co-financing rate of up to 50% from the value of the investment (for most regions of the country).
The Scheme established through G.D. No. 807/2014 is open at the time, will be running until 31.12.2023, and the projects submission process is continuous.
More information about this source of funding is in the presentation material available here.