Family businesses can apply for BGN 117.5 million under the competitiveness program

Family businesses, enterprises from the creative industries and crafts can apply for a grant of BGN 117.5 million. The procedure under the Competitiveness and Innovation in Enterprises Program (CIP) will support the improvement of the production capacity of micro- and small enterprises.

They can apply for the acquisition of new machinery, equipment, tools, as well as specialized software. There is also an opportunity to promote market performance through the creation of an online store for the products or services offered by the enterprises. The procedure also provides support for the introduction of ICT systems/modules to improve management, production and logistics processes in companies.

The minimum amount of the grant for the projects of family businesses, enterprises from the creative industries and crafts is BGN 15,000, and the maximum – BGN 150,000. The co-financing that will be provided through the CIP is up to 75% for family businesses and those from the creative industries, and for companies from the craft sector – up to 85%.

The application is entirely electronic through the Information System for the Management and Monitoring of EU Funds in Bulgaria 2020 at the following link: https://eumis2020.government.bg/bg/s/Procedure/Info/a7078bcc-df9d-49ba-a5e5- ee054645e3aa

The deadline for submitting project proposals is September 16, 2024.