Eu Grants For Small Businesses – EU funding is available to all types of companies of all sizes and industries, including entrepreneurs, start-ups, micro-enterprises, SMEs and larger companies.
A wide range of financing is available: business loans, microfinance, guarantees and venture capital. The EU supports more than 200,000 businesses every year.
Eu Grants For Small Businesses
Local financial institutions such as banks, venture capitalists or angel investors will decide on EU funding.
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The exact terms of financing – amount, term, interest rate and fees – are determined by these financial institutions.
This can help you understand your financial situation and increase your chances of getting financing in the future.
The EIC Accelerator (SME Facility) provides financial support and mentorship to innovative SMEs (Phase 1: Concept and Feasibility, Phase 2: Demonstration, Market Iteration and R&D, Phase 3: Commercialization).
The EFG is a guarantee fund created by EU member states in response to the economic impact of the Covid-19 pandemic by ensuring that SMEs, medium-sized enterprises and businesses in member states have sufficient liquidity to weather the rapidly developing crisis. are created. .
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The COSME Loan Guarantee Facility (LGF) supports the financing of digital transformation projects by SMEs in all sectors of the economy, regardless of their current level of digitization.
If you are a business looking for financing options, go to our database and see what options are available.
If you are a financial intermediary participating in the COSME digitization pilot project, please continue with the COSME digitization questionnaire. Please visit the EIF portal for more information on COSME support for digitizing SMEs.
Do you have questions about starting a cross-border business, such as exporting or expanding to another EU country? In this case, Enterprise Europe Network can advise you free of charge. For some, EU grants for small businesses are the only way to show the world what they have to offer. Getting financial support from SMEs takes a long time. To save time and not be deprived of help, you need to follow a few simple rules. In this article, we give you an overview of what business support you can get.
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First, you need to know and understand how much your income is, as well as what expenses you currently have and may have in the future. It is also important to know what types of startups are eligible for grants. Not all business ideas can get financial support. In our article, we will tell you which businesses can count on help, which organizations offer funding, and how you can find the right grant for your startup.
Financial aid is not the only form of support that the European Union provides. In addition to these, there are also the following initiatives:
Usually, before providing support, the organization submits a request for provision, which must be made in accordance with the rules and requirements of the European Union. For example, if the development and promotion of environmental sources of renewable energy is necessary, the European Union can provide financial assistance to companies that specialize in certain technologies. One example of such an initiative is Horizon 2020. Known since 2014. The main goal of Horizon 2020 was to ensure Europe’s global competitiveness. This program is supported by the EU leader and the parliament.
In addition to meeting the basic requirements, it’s great to have a unique project like mine. It is an organization that offers unique services that allow users to combine business account, invoicing and accounting software.
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It has everything you need to simplify the accounting process. Thanks to this service, you will know about your financial situation inside and outside. This will certainly help you secure all the financial documents required to receive European grants for small business owners. Here is the suggestion:
Each EU start-up grant organization has its own funding program with specific requirements. The best thing you can do is to visit the official website of the company and familiarize yourself with it. However, there are some steps common to most EU programs.
In general, you must be eligible for EU funds. In other words, you must prove at least one of the following: you are a European SME, a non-profit company, you are between 13 and 31 years old, or you are a researcher or farmer. It can also work if you are a public entity.
You must also register your partners or apply to the European Commission as a natural person.
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Don’t forget to submit the grant application form, legal entity form and financial identification documents with income and expenses for the last two years and an affidavit.
Double check that you have collected all the necessary documents. Don’t forget to double check the website of the organization you are applying to. If everything is in order, all that remains is to wait for the final decision.
There are many organizations outside of your local financial institution that can help you with financing options.
This program has been in existence since 2014. As the name suggests, it aims to ensure international competitiveness and equal opportunities for small businesses in Europe. With the help of COSME you can receive up to 150,000 euros.
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The European Investment Bank is responsible for financing InnovFin. Its purpose is to help innovative and technological companies of the modern world. If your application is approved, you can count on at least 25,000 euros. If you’re really lucky, or if your digital innovation is extraordinary, you could be awarded up to €7.5 million.
The EaSI support is not as much as the InnovFin support, but it goes up to €25,000. Its purpose is to support businesses that would otherwise not be able to survive.
The collaboration between the two companies will help small and medium-sized enterprises (SMEs) that focus on improving people’s everyday lives through innovative products and services.
You may know this organization as SME Instrument. To get his attention, you need to have a strong business plan and a unique idea useful for the company. Up to €2.5 million and advice from top experts available.
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There are several organizations that will be happy to help you access funding and advise you once you have received a grant:
The network can provide advice on a wide range of topics related to access to finance. The European Enterprise Network has a database of partners – manufacturers, distributors, co-developers and suppliers – and has everything needed to help SMEs grow abroad.
Gathering all the necessary documents can be tedious, but it is worth the effort. do not give up! Completing an online application can open the door to whole new opportunities for you as a business leader and as a person. There are now many organizations that help those in dire need.
We wish you all the happiness in the world and hope that one day your dreams come true! Small and medium-sized enterprises (SMEs) – in other words, businesses with fewer than 250 employees – are often considered the backbone of the European economy, providing jobs and opportunities for growth. On the occasion of Micro, Small and Medium Enterprises Day, Eurostat highlights the data related to these companies.
The European Agricultural Fund For Rural Development
In 2019, the vast majority (98.9%) of EU companies that form part of the non-financial corporate economy were micro-enterprises or small companies employing fewer than 50 people. Their economic weight was lower in terms of their share of employment or value added: micro and small enterprises employed less than half (48.4%) of the workforce of EU non-financial corporations, while slightly more than a third ( 35.3%) participated. Value Added.
Meanwhile, only 0.9% of EU businesses were medium-sized businesses with more than 50 but less than 250 employees. Medium-sized companies employ slightly more than one-sixth (16.0 percent) of the workforce of non-financial EU companies, while accounting for almost the same share (17.1 percent) of value added.
Among EU member states, MSMEs have the highest share of value added in non-financial business enterprises in Malta (55.8% of total value added created by MSMEs), Cyprus (52.9%) and Estonia (52.6%). . ). %. At the same time, medium-sized enterprises had the highest share of value added in Estonia (26.0% of the total value added created by medium-sized enterprises), Latvia and Lithuania (both 25.1%).
For more information on SMEs and the business economy in Europe, see the 2022 edition of Eurostat’s key figures on European business – illustrated statistics. An update will be released next week. EU support for small businesses – 2.9 million euros in financial aid for the purchase of equipment and provision of services
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A total of 124 entrepreneurs, micro and small businesses from Šumadija, West, South and East Serbia received the support of EU financial assistance worth more than 2.9 million euros to purchase new equipment and introduce services to improve production and market potential and help increase They will use employment. .
EU support is provided for young, micro and small businesses for up to five years that are in the second investment
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