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Support for micro and small enterprises to overcome the economic consequences of the COVID-19 pandemic

Micro and small enterprises in Bulgaria, which are registered a decrease of at least 20% in their turnover for April 2020 compared to the average monthly turnover for 2019, will have the opportunity to receive amounts from BGN 3,000 to 10,000 thousand free of charge financial help. The Managing Authority of the Operational Program “Innovation and Competitiveness ”2014-2020 (MA of OPIC) plans to announce on May 11, 2020 d. project selection procedure “Support to micro and small enterprises for overcoming the economic consequences of the COVID-19 pandemic ‘. The procedure allows the following cost categories:
Costs for the purchase of raw materials;
External service costs (including overheads);
Staff costs (incl. Remuneration and costs of social security and health contributions at the expense of the employer, excluding of costs for staff assisted under measure 60/40).

The total amount of the grant is BGN 173 million and covers all sectors of the Bulgarian economy (except those that are supported by the Rural Development Program). The application will be performed entirely electronically through the UMIS 2020 system with maximum relief administrative procedure. Project proposals will be funded meet the evaluation criteria, in the order of their receipt, to exhaustion of the financial resource under the procedure. The submitted project proposals for which there is no financial resource are not subject to evaluation.

For more information on the eligibility criteria for candidates, the conditions for eligibility of costs, necessary documents, etc., may view the attached summary or contact us.