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EU money for firms planning investments to be used up in 2010

21.02.2010, 15:47 6

The last sums of the EU funds earmarked for investments will bespent this year with the launch of the last project calls. In 2010,authorities will put up the entire 225m-euro budget left for firmswanting to acquire manufacturing lines, equipment, to invest inretooling, modernisation, production facility construction. Total550m-euro EU funds were earmarked until 2013 for SMEs and largeenterprises (with more than 250 employees and net turnover of above50m euros i.e.) for investments. So far, half this budget has beenmade available for firms that submitted more than 3,000 projects.The high number of applications made authorities allocate theavailable money much faster, so that firms will have the entire225m-euro budget that is left at their disposal through the launchof three calls for projects. A budget of 70m euros is left forinvestments of up to 250,000 euros, with the project call to belaunched in May, while a lower budget, of 45m euros, is availablefor investments of between 250,000 and 1.5m euros, with the callfor projects scheduled for July, meaning that around 337 firms willbe able to get European funds.

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