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Support of investments in new construction and re-modeling of existing manufacturing facilities

Project implementation location — Latvian territory (outside of Riga).

Facility can be used for own manufacturing needs or rented out to other manufacturing companies

Program is closed

2 quarter of 2018

Funding

41,000€ – 1,166,000€

Funding type

Grant

Cofunding details

  • Grant: 45% (for small and medium-sized businesses) 35% (for large businesses)
  • Max volume of co-financing: 1,166,000 €. 
  • Maximum grade given to the project aimed at creating a techno-park with 5 or more new business tenants. Applicants are required to create at least one job for every 41,000 € of EU co-financing. 
  • Anticipated program time-frame: first tranche was opened in 2016. No information in regards to the 2d tranche available yet.

BEE Services

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Project design

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Briefly about the company

A company has grown from own projects: renovation of buildings and replacement of the equipment, development of new products, introduction in manufacture of new technologies. We have checked everything by ourselves: from writing projects to implementing them and drawing up a final report for co-financing from EU funds. A company has received a practical experience, which now is ready to share with customers.

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