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Support to micro and small enterprises to overcome the economic consequences of the COVID-19 pandemi
Published on 03 December 2021
Bulgaria
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
Objective: Тo provide operating capital for Bulgarian micro and small enterprises
The measure: Direct grants 3 000-10 000 BGN (1500-5000EUR)
The measure is financed within Operational programme innovation and competitiveneess, ERDF, Priority Axis 2 "Entrepreneurship and SME Growth Capacity", Investment Priority 2.2. "SME Growth Capacity"
Who can apply :
- Micro and small enterprises with employees no more than 50
- Companies established before 01.07.2019
- Decrease of at least 20% in its turnover for April 2020 compared to the arithmetic average monthly turnover for 2019, with a minimum turnover of the applicants for 2019 - BGN 30,000.
- Activities necessary to address the shortage of funds or lack of liquidity resulting from the COVID-19 epidemic
On line submission of applications through the information system for management and monitoring of EU funds in Bulgaria 2020
The measure: Direct grants 3 000-10 000 BGN (1500-5000EUR)
The measure is financed within Operational programme innovation and competitiveneess, ERDF, Priority Axis 2 "Entrepreneurship and SME Growth Capacity", Investment Priority 2.2. "SME Growth Capacity"
Who can apply :
- Micro and small enterprises with employees no more than 50
- Companies established before 01.07.2019
- Decrease of at least 20% in its turnover for April 2020 compared to the arithmetic average monthly turnover for 2019, with a minimum turnover of the applicants for 2019 - BGN 30,000.
- Activities necessary to address the shortage of funds or lack of liquidity resulting from the COVID-19 epidemic
On line submission of applications through the information system for management and monitoring of EU funds in Bulgaria 2020
Resources needed
173 MLN BGN
human resources with required expertise in project application evaluation and monitoring
human resources with required expertise in project application evaluation and monitoring
Evidence of success
21 190 applications approved and 172.7 MLN BGN distributed in order to ensure the financial liquidity of the companies
Potential for learning or transfer
- application of new instrument for fast support to the SMEs in crisis situation
-on line submission of applications in order to have quick results
-provision of direct financial support to provide operating capital to the companies
-lack of bureaucracy and paper work in order to receive the approval of the application
-on line submission of applications in order to have quick results
-provision of direct financial support to provide operating capital to the companies
-lack of bureaucracy and paper work in order to receive the approval of the application
Good practice owner
You can contact the good practice owner below for more detailed information.
Organisation
Ministry of Economy
Bulgaria
Yugozapaden
Contact
Project manager