New calls for tenders have been published for large companies!

In order to restore the economy, the Government has opened up new fresh resources to help companies in difficulty due to the pandemic crisis, which are briefly summarized below.

Competitiveness aid 2

Following a temporary suspension of competitiveness support, the resource has been re-opened. The aim of the tender is to support the development of large companies that have suffered a significant loss of revenue due to Government measures related to the COVID epidemic.
The minimum eligible project size under the application is EUR 1.6 million, the support intensity being 50% of the investment, capped at the amount of the loss recognised for the selected period.

Support for cross-border projects (CED20C)

Support for cross-border projects is generally intended for companies of all sizes, starting with micro-enterprises through small, medium companies to the large ones, provided that their cross-border cooperation has declined significantly or they have suffered losses.
The amount of the support is (Forint equivalent of) EUR 150,000-800,000, capped at 60% of the total investment. The tender can be used for different purposes, e.g. for investment in tangible assets, construction of real estate, purchase of real estate, or IT investments.

Support for large enterprise investments in 2020

Companies that significantly contribute to the modernization and growth of the Hungarian economic sectors, mainly of the manufacturing and construction industries, can make use of investment support. The purpose of the aid is mainly to support investments by large companies with a lack of capital and medium-sized enterprises with at least 150 employees, subject to the following conditions:

The minimum eligible project size is HUF 100 million, of which the minimum value of the support must be HUF 50 million. In the case of a de minimis support , its intensity is 50%, whereas in the case of regional investments the intensity is between 20-50% depending on the location.

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