GreenGrantsGuide – Everything About Green Energy and Subsidies in Hungary – I.
Green Energy – Episode 1 Why does the economy need green energy and subsidies in Hungary? This is answered by ...
Renewable energy incentives in Hungary
New SME Investment Subsidy and Loan Program Announced by Minister Márton Nagy
The new New SME Investment Subsidy and Loan Program Announced by Minister Márton Nagy consists of two main pillars: a new investment subsidy for SMEs and an export-promoting loan program. Minister Nagy emphasized the need to build a targeted investment support system for SMEs, similar to the VIP Cash Grant program that supports large investments. What can be expected from such a new SME VIP Cash Grant program, and what could be its key advantages? Loan Program If the program successfully combines the strengths of the currently popular VIP Cash Grant and the needs of the SME sector, it could provide a tremendous boost for domestic businesses. We will provide detailed information about the specific rules of the SME VIP Cash Grant program after its official launch. For further ...
GINOP Plus: Up to HUF 100 Million Interest-Free Investment Loan for SMEs
A draft of the KKV Technology Plus Loan Program has been published under the GINOP Plus framework, outlining the conditions under which small and medium-sized enterprises (SMEs) can apply for an interest-free investment loan. According to the current plans, SMEs with at least 5 employees (excluding Budapest) can apply for an interest-free investment loan of at least HUF 10 million and up to HUF 100 million to support their business investments. Eligible Expenses Covered by the GINOP Plus Loan Acquisition of new tangible assets Procurement of renewable energy production and utilization technologies Engineering and consulting fees, training related to these investments Costs of quality, environmental, and other management systems Intangible assets related to the acquired equipment The total budget for the KKV Technology Plus Loan Program is expected to be HUF 155 billion. Feel free to entrust us with ...
HUF 910 billion of EU funds will be available in Hungary
Under the GINOP Plus program, HUF 910 billion of EU funds will available in Hungary for Hungarian economic players in the upcoming months. Within the framework of GINOP Plus, HUF 450 billion will be allocated for business development, mostly in the form of interest-free loans and, to a lesser extent, non-repayable grants. The funds will support the technological and organizational renewal of businesses, as well as their investments in digitalization and energy efficiency. An additional HUF 460 billion will be available within the GINOP Plus framework to increase labor market activity, with a focus on employment for job seekers and inactive individuals. Training support will also be possible from this fund. It is planned that 95% of the programs will be announced in 2024, with a significant portion being non-repayable. The first GINOP Plus applications may become available as early as the beginning of next week, with 6-8 calls for proposals expected in the coming months. ...
50% Increase in the Maximum Training Grant
Since October 2020, under the VIP cash grant system, every company has been able to apply for cash grant for training programs implemented either internally or through an external training institution. The main condition is the creation of at least 25 new jobs or the completion of an investment worth €5 million. Grant amount Our expert team has extensive experience in the area of training grants and is ready to assist in securing state support for employee training. If you have any questions regarding VIP cash grant for training projects, please contact our team.
Up to 60% Cash Grant in Hungary for Large Investments
New grant opportunity – instead of tax relief for large companies there will be a cash grant in Hungary According to government plans, from early 2024 a new funding program may be launched under the framework of the Individual Government Decision („EKD” or „VIP”) grants, specifically targeting companies adversely affected by the introduction of the global minimum tax. Under the proposed program, these companies could receive cash grant for their planned investments instead of a development tax incentive. The cash grant would be payable within 10 years following the completion of the investment, provided the company has ...
