Event „Support for investments in construction or reconstruction of production facilities and infrastructure.” Scheduled to open in 1st quarter of 2016. Cabinet of Ministers regulations and approval is in development. WHO CAN APPLY FOR FUNDING:

• Port Authority
• Merchant whose activities are related to real estate development for production needs and further leases;
• Merchant (small, medium or micro enterprise), whose core business is manufacturing sector (NACE 2.red. Section C)
• Merchant who owns or long-term leases (at least 10 years after project completion, the agreement must be registered in Land Register) the real estate, including land. Real estate must be located in territory of particular functional zoning, which allows construction of industrial production facilities.

ACTIONS AND COSTS THAT ARE SUPPORTED:

• Construction, reconstruction or renovation of building (buildings) for industrial production;
• Installation and reconstruction of water supply, heat supply, sewage, waste collection and drainage infrastructure, installation and reconstruction of underground communication infrastructure, installation and reconstruction of gas, electricity, communication wiring infrastructure and construction or reconstruction of roads necessary for this building;
• Author supervision and construction supervision costs associated with the production of building construction, reconstruction or renovation, up to 5% of the project's eligible costs.

CONDITIONS AND CRITERIA:

• Building is located in territory stipulating industrial zoning;
• Place of realization of project is republic or county town with a population over 10 000 on 01.01.2015., except Riga (Cesis, Daugavpils, Jelgava, Jekabpils, Jurmala, Kuldiga, Liepaja, Ogre, Olaine, Rezekne, Salaspils, Saldus, Sigulda, Tukums, Valmiera, Ventspils);
• After commissioning of the newly build, renovated or reconstructed industrial building must be leased to micro, small and medium sized enterprises whose core business is in manufacturing industry, or projects beneficiaries core business is in manufacturing industry;
• Total area of industrial building must be not less than 1000 m2;
• At the conclusion of the project 30% of the building must be leased, during 36 months at least 80% of the building must be leased;
• There must be no economical activity over the last two years before the project starts in the building which is planned to reconstruct or renovate;
• A job (full-time for at least three years) must be created for every 41 000 EUR required from EU funding.

SUPPORT FOR ACTIVITIES INVOLVED IS GIVEN IN GRANT FORM MAXIMAL EU FUNDING PER PROJECT EUR 1 356 250 INTENSITY OF THE ACTIVITY - 35%