The first GINOP tender for SMEs in Hungary

The European Commission adopted 80% of Hungary’s operational programmes for the 2014-2020 programming period in mid-February. The tender to support the expansion of SME’s production capacity will probably be published among the first ones in April, according to preliminary information with the following details.

 Title: EXPANSION OF PRODUCTION CAPACITY OF MICRO, SMALL AND MEDIUM SIZED ENTERPRISES,

Goal: To expand the production capacity of SMEs’ in order to increase their competitiveness,

Recipients: SMEs,

Main terms: Minimum two closed business year of the applicant firm or its parent company that has 100% ownersip in the applicant entity; the applicant firm is active in the manufacturing or processing industry, and minimum 50% of its turnover was originated from this industry in the last three closed business years (the list of adequate industries is available upon request),

Area: Hungary (except Central Hungary),

Amount of subsidy: HUF 10 M – HUF 150 M,

Aid intensity: maximum 50% ,

Further details: upon request.