Requirements for beneficiaries:
Individuals and SMEs whose assets and rights, including claims against third parties, exceed the sum of their debts plus 50 percent.
Deadline for implementation: projects or business models must start after 01/12/14 and be completed within a maximum of 3 years.
Types of projects eligible for funding:
Energy and sustainability (energy management, renewables, efficiency, water reuse, etc.).
ICT (mobile technologies, content management, virtual and augmented reality, etc.).
Building materials (insulation, recycling of materials, rehabilitation, etc...).
Humanities, society and legal sciences (living labs, value chain, development of indicators, etc.).
Transport and associated services (sustainable transport, ICT user orientation, etc.).
Business management (network infrastructures, software and hardware adaptation, information management, etc...).
Accessibility (development of technical and technological improvements, etc. ....).
Among the concepts that can be funded These include personnel costs, costs of instruments and inventoriable material (depreciation), costs of contractual research, know-how and patents acquired or licensed from external sources at market rates. Other than overheads (maximum 20 % of the total personnel costs of the project, without justification) and other operating costs directly arising from the activity of the project.
Characteristics of the aid:
The aid shall be provided in the form of repayable loan75% of the eligible budget, which may not exceed the amount of the entity's net assets at the time of the application, up to a limit of EUR 1,000,000.
The interest rate will be 0,967 % and will have a amortisation 5 years, including a 2-year grace period.
The provision of guarantees is a condition for the payment of the grant. The guarantee will be 36% of the proposed loan amount.
The application period has just opened on 02/12/2014 and will be open until 02/02/2015.
If you think that your company could benefit from these grants, please do not hesitate to contact us. ABRA-INVEST has a team of public finance experts at your service.