Factsheet for measure
HU-2024-44/3639
– measures in Hungary
SME Technology Plus Lending Programme Budapest
KKV Technológia Plusz Budapest Hitelprogram
Background information
This Budapest-related programme is supplementary to the similar programme for the rest of Hungary. The objective of the scheme is to help micro, small, and medium enterprises increase their productivity and value-added through technological and organisational renewal. The government intends to support investments that can generate business revenues and pay off in the short and medium term but are hindered by an adverse financial market environment. An additional aim is to enhance businesses’ access to technologies that use renewable energy and their ability to adjust their activities in alignment with the government’s 'Intelligent Specialisation Strategy'. The programme was launched under the Multiannual Financial Framework (GINOP Plusz-1.4.4-24)
Content of measure
The programme provides interest-free investment loans for micro, small and medium enterprises, as well as individual entrepreneurs, that have been in business for at least one full financial year and operate in Budapest. The investment project must be implemented at the applicant’s Budapest site. The loan amounts range from HUF 5 million to 50 million (€12,000 to 77,000). These loans can be spent on new machinery and equipment, information technology equipment, green energy technologies, electric vehicles, related intangible assets, and on training and advisory services. At least 50% of the total eligible cost must be spent on tangible equipment. No more than 20% of the costs can be used for purchase of intangible assets. The deadline for the completion of the investment project is 24 months after the conclusion of the loan agreement.
The applicants must cover at least 10% of the total investment cost from own resources.
The total programme allocation is HUF 73.12 billion (approximately €180 million). The target number of enterprises to be supported from this allocation is 1,740.
Applications for the loans can be submitted between 28 October 2024 and 30 December 2025.
Use of measure
According to the official factsheet and application counter page, the application arrived so far amount to 0% of the available programme budget, that is, nobody, or virtually nobody has applied for the loan. No details are provided by government sources, or other sources.
Target groups
Actors and funding
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Actors
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Funding
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National government
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European Funds
National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement
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No involvement
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
-
No involvement
-
Main level of involvement: N/A
Involvement
No involvement has been reported.
Views and reactions
A project management professional found the upper limit for loan amounts (HUF 50 million) to be too low. (This amount is, in fact, half of the upper limit set in the supplementary programme for the rest of Hungary (see case 3637 SME Technology Plus Lending Programme).
Sources
