Action "Support for development of new products into production"

Aim:

• Introduction of new products and technology and increase the productivity of enterprises;
• The project to provide businesses of R & D work every year at least 0.72% of the annual net turnover:
  • micro, small and medium-sized enterprises - 3 years
  • large enterprises - 5 years after the implementation of the project.

Available financing:

• The total amount of aid available – 60 000 000 EUR;
• Aid intensity - 35% of the total eligible costs;
• The minimum eligible costs of the project – 50 000 EUR;
• One of the project applicant group of related persons shall not exceed the total financing of 2 000 000 EUR.

Who can apply for project:

Latvian Republic registered merchant, which satisfies the following operational and financial metrics:

• the project output or amount of services provided at least 50% per annum will be exported (3 calendar years after the project completion);
• project creates at least one workplace for every 200 000 EUR of funding indicated in the project application (at least one work station, where the funding of the project <200 000 EUR);
• in conjunction with the project application is submitted by an EU credit institution registered in the first request, issued the execution of a letter of guarantee 4% in value of the amount of aid.

Eligible actions and costs:

• new equipment (and equipment) acquisition costs directly by production or service process;
• The costs associated with new economic activities or existing business expansion, product diversification or a fundamental change in the production process;
• Long-term investments in assets used for economic activity specified in the project site.

Conditions and criteria:

• Implementation of the project is the location of the Republic of Latvian territory in which the applicant's manufacturing products or providing services;
• The property, including the land where the project will take a long-term investment, it is property of project applicant or is to be registered in the land register a long-term lease rights project monitoring period;
• The project is implemented no longer than two years from the date the project has concluded an agreement with the co-operation institution, but not longer than until 30 December 2022.gada.