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 ...
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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 ...
New Subsidy in Hungary: Workers’ Accommodation in the Private Sector 2024
New Subsidy in Hungary: The „Workers’ Accommodation in the Private Sector” subsidy, announced by the OFA National Employment Public Benefit Nonprofit Ltd., is intended for the construction of workers’ accommodations or the conversion of existing properties into workers’ accommodations. The state aid is only available in Hungary, excluding Budapest, and aims to provide accommodation options for employees working in the private sector. Eligible Projects Amount of Subsidy The subsidy depends on the size of the company and the location of the investment, as it changes based on the regional aid map. The maximum intensity is determined by the company’s size and the planning-statistical regions of the investment’s location: Maximum Subsidy Amounts: Advance Payment: ...
Development of Food industry – New funding program in Hungary
Within the framework of the new funding program in Hungary up to HUF 5 billion in funding is available for ...
New Changes to the Conditions for VIP Cash Grant (Investment Incentive in Hungary) from April 2024
Significant changes are expected to take effect from April 2024 regarding the conditions for VIP Cash Grant (Investment Incentive in Hungary), as outlined in the draft legislation. The aim of these modifications is to encourage investments with higher added value, support economic growth, and promote the development of disadvantaged regions. These changes will impact several areas, including the minimum required investment amount, revenue and wage commitments, and new mandatory obligations. The expected changes to the conditions of VIP cash investment incentive in Hungary are summarized in the table below: Current VIP Cash ...
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 ...
