Business infrastructureEconomy & Policy

Between HUF 10 and 200 million available for tech upgrades at SMEs

The grants can be used for tech improvements, infrastructure and real estate investments, consulting and training, and renewable energy.

The tender, which falls under the Széchenyi Plan Plus, supports micro, small and medium-sized enterprises, announced Finance Minister Varga Mihály.

Under the Ginop Plus 1.2.3-21 call, HUF 80 billion will be allocated to the less-developed regions of South Transdanubia, Northern Hungary, the Northern Great Plain and the Southern Great Plain, while HUF 20 billion will go to Central Transdanubia, West Transdanubia and Pest County.

No project can be implemented in Budapest with this funding, which is co-financed by the European Regional Development Fund and the Hungarian central budget.

Applications are open for the purchase of new equipment for technological improvements, investment in infrastructure and real estate, consultancy and training services, the use of renewable energy technologies, and the development of information technology.

It is expected that between 800 and 2,500 projects will be eligible for funding, with the first phase of applications starting on January 19 and the second on January 27. 

Ferenc Tóth Ádám Tóth, Managing Director of the European Conformity Check Enterprise Development Advisory Institute, believes there will be great interest in the tender and that those not approved this past summer (1,721 out of 4,804 applications were approved) will apply again.

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