Factsheet for measure
RO-2021-27/2033
–
Updated
– measures in Romania
Grant for working capital for SMEs
Grant pentru capital de lucru pentru IMM-uri
Background information
This measure is a continuation of a measure set in 2020, meant to help small and medium enterprises to overcome the difficult situation caused by the current pandemic. Its specificities are made public in the Official Gazette, by the Ministry of Investments and European projects.
The aid is granted in the form of a state aid scheme, as a financing from non-reimbursable external funds, by granting temporary aid with limited value to those SMEs that are facing a deficit or unavailability of liquidity. The funds are provided through the Competitiveness Operational Program, in accordance with national and European legislative regulations.
Content of measure
The beneficiaries of this measure are SMEs with activity in specified sectors, that made profit in at least one of the last 2 fiscal/reporting years, can participate with at least 15% of the grant value, have obtained the emergency situation certificate (proving that their activity has been affected by the pandemic), maintain or, where appropriate, supplement the number of employees for a period of at least 6 months from the date of the grant.
The budget allocated to this measure is €907,031,250 (RON equivalent), of which €765,000,000 from non-reimbursable European funds (84.3%) and €142,031,250 from the state budget (15.7%). The value of each grant depends on the value of the turnover for 2019, but it cannot exceed €150,000.
Updates
The following updates to this measure have been made after it came into effect.
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23 December 2021
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In December 2021, the application of the measure was extended until 30 June 2022.
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Use of measure
The maximum estimated number of beneficiaries is 100,500.
Beneficiaries of state aid must apply for funding by 30 November 2021, and funding contracts must be concluded by 31 December 2021.
The amounts received by the beneficiaries may be used for the payment of stocks of raw materials, debts to suppliers or to the state, rent, repair services, medical equipment and disinfection materials, fixed assets necessary to resume the current activity.
Target groups
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Workers
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Businesses
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Citizens
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Does not apply to workers
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SMEs
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Does not apply to citizens
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Actors and funding
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Actors
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Funding
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National government
Company / Companies
EU (Council, EC, EP)
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European Funds
National funds
National Recovery and Resilience Facility
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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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Unknown
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Unknown
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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:
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No involvement
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Main level of involvement: Unknown
Involvement
The role of social partners in designing the measure is unknown. The social partners have no legal role in implementing the measure.
Views and reactions
No public positions have been expressed by social partners regarding the measure.
Sectors and occupations
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This case is sector-specific (only private sector)
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Economic area
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Sector (NACE level 2)
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C - Manufacturing
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C10 Manufacture of food products
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C16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
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C18 Printing and reproduction of recorded media
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C23 Manufacture of other non-metallic mineral products
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C26 Manufacture of computer, electronic and optical products
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C32 Other manufacturing
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G - Wholesale And Retail Trade; Repair Of Motor Vehicles And Motorcycles
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G47 Retail trade, except of motor vehicles and motorcycles
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H - Transportation And Storage
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H49 Land transport and transport via pipelines
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H50 Water transport
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H51 Air transport
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H52 Warehousing and support activities for transportation
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I - Accommodation And Food Service Activities
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I55 Accommodation
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I56 Food and beverage service activities
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J - Information And Communication
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J58 Publishing activities
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J59 Motion picture, video and television programme production, sound recording and music publishing activities
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J60 Programming and broadcasting activities
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J61 Telecommunications
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J62 Computer programming, consultancy and related activities
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J63 Information service activities
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M - Professional, Scientific And Technical Activities
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M72 Scientific research and development
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This case is not occupation-specific.
Sources
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01 July 2021: Order no. 690 of 1 July 2021 of the Ministry of European Investments and Projects, on the approval of the State Aid Scheme - Support for SMEs to overcome the economic crisis caused by the COVID-19 pandemic
(legislatie.just.ro)
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23 December 2021: Order nr. 1.480 of 23 December 2021
(legislatie.just.ro)
