Ida-Virumaa SME Investment Grant

Purpose of the measure

To support economic diversification in Ida-Viru County and increase business competitiveness through SME investments. Support is available for establishing a new business or unit, producing a new product or providing a new service, increasing production capacity or fundamentally restructuring the production process.

Funding rate

35–80% of eligible costs (depending on the State aid basis, business size and activity). 30 000 – 3 000 000 €

Eligible activities

• Purchasing machinery, equipment and intangible assets
• Purchasing immovable property and constructing buildings and structures
• Product development
• Applying for initial intellectual property protection
• Process development
• Establishing or modifying a network connection
• Investment preparation activities (consultancy, feasibility studies, design, DNSH and climate-proofing assessments) – up to 10% of eligible costs