Starting from April 2025, a new type of VIP Cash Grant will be available, providing non-repayable funding for capacity-expanding investments or the creation of new facilities. The program aims to promote the growth of companies, support employment expansion, and encourage research and development.
Who can apply?
The new VIP Cash Grant is available for small and medium-sized enterprises (SMEs) and large enterprises, provided the investment is made in one of the following counties: 📍 Szabolcs-Szatmár-Bereg, Heves, Nógrád, Borsod-Abaúj-Zemplén, Bács-Kiskun, Békés, Baranya, Tolna, Zala, and Somogy.
Applicants must implement an investment worth at least 2 million euros, and must commit to increasing their revenue and wage costs during the maintenance period.
What can the new VIP Cash Grant be used for?
✔ Real Estate Development: Land acquisition, property purchase, construction of manufacturing and warehouse halls, renovation, and expansion of existing buildings.
✔ Equipment and Machinery Acquisition: Machines and equipment necessary for production and operation.
✔ Intangible Assets: Acquisition of intellectual property, licenses, and know-how.
✔ Renewable Energy Sources: Investments supporting sustainable energy.
✔ On-Site Machinery: Financing of special equipment necessary for operations.
How much VIP Cash Grant is available?
🔹 Up to 50% non-repayable grant, based on individual evaluation, depending on the location of the investment and the company’s size.
🔹 25% advance is available for SMEs.
Mandatory Commitments for VIP Cash Grant
Applicants must guarantee that, during the maintenance period, they will: 📌 Increase their wage mass by at least 5 million euros AND
📌 Increase their revenue by at least 25 million euros.
The maintenance period must be at least 5 years for large enterprises and at least 3 years for SMEs, but companies may choose to commit to a longer period to achieve the goals.
Optional Commitments (At least one must be chosen)
To be eligible for the support, companies must fulfill at least one of the following commitments:
✅ Increase in Wage Mass: The ratio of wage mass to the average statistical headcount during the maintenance period must exceed the business year’s value before the investment by at least 30%. (Condition: At least 50 employees when submitting the application.)
✅ Increase in Revenue: The ratio of revenue to the average statistical headcount during the maintenance period must increase by at least 30% compared to the previous business year. (Condition: At least 50 employees when submitting the application.)
✅ Job Creation: The company must create at least 25 new jobs during the maintenance period. (Dual training, student employment contracts, or vocational training contracts count, as long as the employment reaches 60 hours per month.)
Additional Commitments (At least two must be chosen)
Companies must fulfill at least two of the following additional commitments:
📌 R&D Jobs: Creation of at least 10 new R&D jobs, with at least 50% of these requiring a higher education degree.
📌 Renewable Energy Usage: At least 30% of the company’s energy used comes from self-produced renewable sources.
📌 Training Programs: The number of employees involved in dual training, student employment contracts, or vocational training contracts must increase by at least 10 compared to the previous academic year.
📌 Increase in R&D Expenditures: The company’s R&D expenses must increase by at least 30% compared to the previous business year. (Condition: At least 50 employees when submitting the application.)
📌 Involvement of Local Suppliers: At least 30% of the products and services used by the company must come from suppliers located within 100 km of the investment site.
📌 Participation in Supplier Development Program: The company must actively participate in supplier development activities organized by the executing body.
Don’t Miss This Opportunity!
If your company is considering expansion in the eligible regions, it’s worth preparing your application materials so you can access the support as quickly as possible starting from April 2025!
