Project submission period:
March 28, 2024 - December 31, 2026
Responsible Institution:
Ministry of Finance
Area of implementation:
National
Allocated budget:
590,000,000 euros
State aid scheme for regional development
The state aid scheme aims at regional development by stimulating investments in sectors such as the animal feed industry, beverage manufacturing, paper industry, pharmaceuticals, metal constructions, computer manufacturing, means of transport, furniture, etc.
Eligible beneficiaries
Enterprises registered according to Companies Law no. 31/1990, republished, with subsequent amendments and supplements
Co-financing
The beneficiary of state aid must ensure a financial contribution of at least 25% of the eligible costs, either through its own resources or through external financing, in a form that is not subject to any other public aid.
Eligibility conditions
Eligibility conditions for applicants:
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Be registered according to Companies Law no. 31/1990, republished, with subsequent amendments and completions;
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Make an initial investment in Romania, within a maximum of 3 years from the date of its start, in one of the eligible sectors provided for by the state aid scheme in Annex no. 1;
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Not fall into the category of "enterprises in difficulty";
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Not be subject to forced execution, insolvency, bankruptcy, judicial reorganization, dissolution, operational closure, liquidation or temporary suspension of activity and not be subject to decisions to recover state aid;
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Not benefit from other regional state aid for eligible costs of the nature of wage costs within the same single investment project;
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Not relocate to the unit where the initial investment is to take place.
Additionally, for enterprises with at least one completed financial year, in order to access state aid, they must have a turnover return greater than zero in one of the last three completed financial years and positive equity in the last completed financial year.
At the same time, to be eligible, in addition to the general criteria, newly established enterprises must have paid-up subscribed share capital of at least 100,000 lei and must not have shareholders who own or have owned in Romania in the last 2 years prior to the date of registration of the application an enterprise with the same object of activity for which financing is requested.
Eligibility conditions for investments:
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be considered initial investments (new unit/expansion/diversification/fundamental change) or initial investments that create a new economic activity (new unit/diversification in the case of Ilfov County);
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have a total value, excluding VAT, of the eligible costs associated with the initial investment of at least 50 million lei;
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demonstrate its economic efficiency and viability during the period of implementation of the investment and 5 years from the date of its completion;
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meet the condition regarding the incentive effect;
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meet the quantitative and qualitative indicators provided for by the scheme;
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generate a quantifiable multiplier effect in the economy.
Eligible expenses
The eligible expenses under this financing are:
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VAT-free expenses related to the construction or acquisition, as the case may be, of tangible and intangible assets
Tangible and intangible assets must meet the following eligibility conditions:
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to be operated exclusively by the enterprise benefiting from state aid in the location of the investment and only to achieve the objectives of the investment;
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to be included in the assets of the enterprise benefiting from state aid and must remain associated with the investment, in the location presented in the business plan, for a period of at least 5 years from the completion of the investment;
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to be acquired under market conditions;
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to be depreciable.