The domestic food industry is getting stronger – Another 5 billion forints in support for the development of processing plants

Through the investment support, many domestic small and medium-sized enterprises, from bakeries to vegetable processing, from pasta production to meat processing, can renew their production technology for processing agricultural products, modernize or expand their existing plants, renew their energy systems, and acquire new equipment and machinery.

Those affected could apply for 50 percent of the planned investment costs, but in some cases this could reach 70 percent. Winners can also request an advance payment of up to 25 percent of the grant amount, up to a maximum of HUF 50 million, to implement their projects.

The evaluation of already submitted applications will continue in the coming weeks.
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