European Funding Opportunities Worth EUR 1.5 Billion Announced for Romanian Businesses This Summer by REI Group
Access to Over €1.5 Billion in European Funding for Romanian Entrepreneurs to Boost Investment Capacity
Entrepreneurs in Romania, from micro-enterprises to large companies, stand to gain access to over €1.5 billion in non-reimbursable European funds this summer. This findings comes courtesy of an analysis by REI Grup, a consultant firm, which was released on May 26.
The financing opportunities target various economic sectors and aim to strengthen investment potential across the board.
One of the most noteworthy initiatives is the Just Transition Programme (PTJ), set to launch on July 1 and run until September 1, 2025. Allocating over €200 million, the programme is focused on counties undergoing economic restructuring due to decarbonisation policies, including Hunedoara, Gorj, Dolj, Prahova, Galatĭ, and Mureş.
For micro-enterprises in these targeted areas, the programme provides grants of up to €300,000. These funds can be utilized for equipment purchases, facility construction or expansion, software implementation, staff training, and consultancy services.
"This presents one of the most consistent opportunities for small entrepreneurs from eligible counties in recent years," said Roxana Mircea, Managing Partner of REI Grup, during her remarks to Bursa.ro.
Mircea emphasized the need for early project preparation to maximize funding opportunities. She highlighted the multitude of documents required and the fierce competition for grants as reasons to tackle project preparation promptly.
The €1.5 billion in available funding includes additional financing lines expected to open later this year. These include support schemes for energy efficiency upgrades, digital transformation, and technology-driven innovation.
The grant programmes are co-financed through European Union cohesion policy instruments and Romania's national recovery and resilience plan.
(Photo source: the company)
For further details and eligibility criteria, entrepreneurs can refer to the Just Transition Programme's guidelines. Successful recipients will contribute to economic transformation, promoting sustainable development and job creation in various sectors.
Business owners in targeted counties, such as Hunedoara, Gorj, Dolj, Prahova, Galatĭ, and Mureş, can access finance opportunities through the Just Transition Programme, receiving grants of up to €300,000 for various business purposes like equipment purchases, facility improvements, software implementation, staff training, and consultancy services. Early project preparation is crucial to maximize funding opportunities, given the extensive documentation required and the competitive nature of the grant process.
