SMEs can apply for HUF 48 billion in non-refundable equipment purchase support

By: Trademagazin Date: 2024. 12. 05. 11:17

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Micro, small and medium-sized enterprises can apply for 48 billion forints of non-refundable support for equipment procurement and technology development within the framework of the Sándor Demján “1+1” SME Investment Stimulation Support Program – announced Richárd Szabados, State Secretary for the Development of Small and Medium-sized Enterprises and Technology at the Ministry of National Economy, on Thursday in Budapest.

With the investment stimulation program announced within the 8+1-point Demján Sándor Program, which provides non-refundable support, the government aims to ensure that these investments are put to good use and support economic growth – he said.

Among the sub-programs of the Sándor Demján Program announced so far, he highlighted that the interest rate on investment loans under the Széchenyi Card Program has been reduced to 3.5 percent as of November 1. 50 companies have already pre-registered for the Demján Sándor Capital Program, which was launched on Wednesday with a budget of 100 billion forints.

In the “1+1” SME Investment Stimulation Support Program, companies can apply for an amount of 5-200 million forints, which will be assessed based on objective criteria. The program is expected to be of great interest, he added. The pre-registration will provide companies with the opportunity to upload their data to the platforms available via the dsprogram.hu collection website before the start of the application in January.

The executive director of the Hungarian Economic Development Agency (MGFÜ), which runs the program, said that the aim of the asset procurement program is to increase the investment activity of domestically owned micro-companies and SMEs and expand their production capacity with higher value-added products.

The program has a budget of approximately HUF 50 billion and is aimed at companies operating throughout the country, outside of the agricultural and food industry sectors. Micro and SMEs employing at least two people, maintaining double-entry bookkeeping, and having at least two full closed business years can apply for support.

He noted that with a support intensity of 50 percent, with a maximum available application support of HUF 200 million, it is possible to implement projects worth up to HUF 400 million.