European Union launches another Innovation Fund round

A new round of the European Commission’s Innovation Fund is expected to open in November, with more than EUR 3bn in funding for companies to make green investments.

This article is available for reading in Trade magazin 2024/11

Zsolt Kocsis, tax partner at EY told: any EU-based company can apply in the scheme, with no industry restrictions. The funding available includes up to 60% support for investment costs and financing operating costs for up to 10 years. This fund is particularly important as the EU seeks to accelerate the green transition and keep up with China and the US. //