Supporting SMEs to access the European Union market through improved competitiveness through loans and grants. The SME Competitiveness Support Programme helps to increase the competitiveness and capacity of SMEs in their trade with EU clients as well as in their home markets by making targeted project investments easier.
The prospect of EU membership presents many opportunities for the Republic of North Macedonia and especially SMEs in the country. However, progress with the adoption of the acquis communautaire will involve significant regulatory changes, giving rise to a large investment burden for enterprises to comply with the new standards. The SME Competitiveness Support Programme was developed specifically to assist privately owned SMEs to meet the new regulations and to understand the improvement requirements in the field of environmental protection, occupational health and safety and product quality and safety.
The new credit line provided by the EBRD via local Partner Banks together with a 15% grant and free technical assistance funded by the European Union, helps SMEs identify their investment requirements for upgrading towards compliance with the Priority EU Directives. EU Directives can seem daunting at first glance. However, frequently a simple solution can fulfill the requirements, sometimes a more complex approach is required. The free technical advice, provided by an international team of experts helps SMEs in the Republic of find the best solution to meet EU directives, become competitive in their trade with EU partners and increase their profitability at home through higher quality product and service offerings.
Projects can be financed with one or several loans with a cumulative value of up to EUR 1 million per company. To make investments as easy as possible, companies can follow two different approaches.
A TAILORED LENDING APPROACH BASED IN THE NEEDS OF SMES:
– Standard approach
– Complex approach
COMPETITIVENESS SUPPORT PROGRAMME FOR YOUR INVESTMENT
GRANT – Upon successful verification of your investment project, you are eligible for a cash-back incentive of up to 15% – a good way to reduce the cost of financing your investment. The cash-back incentive is financed by the European Union.
SIMPLE CTITERIA – Loans and grants under the Bosnia and Herzegovina SME Competitiveness Support Programme are available for any investment that helps your company meet the more stringent EU directives, thereby increasing your market potential and your profitability
BENEFITS THE EXPANSION OF EXPORT BUSINESS AS WELL AS YOUR MARKETS IN YOUR HOME COUNTRY – All eligible investments improve the product quality. This enables you to increase your export trade to Europe, but an improved quality will also be available to your customers at home, improving your competitive positioning at home AND abroad.
HIGHER PROFITS – practically all eligible investments can result in reduced energy and resource consumption, lowering your cost base and increasing your competitive advantage as well as your profitability
GREEN ECONOMY CONTRIBUTION – practically all eligible investments reduce pollutants such as greenhouse gas emissions
FREE EXPERT SUPPORT – Simple procedures combined with free technical advice offered by an international team of experts help you pave the way to new markets
More informations and possibilities for applying at here.