National
Development Agency

In March, 556 small and medium size enterprises were approved a rate of EU funding of 34.73 billion HUF within the framework of calls for applications targeting small and medium size enterprises. These enterprises will implement investments of 140 billion HUF with the help of this funding. This means that every single EU Forint mobilises 4 Hungarian private Forints.

From amongst approved applications, many leading and highly efficient machine industry companies were approved funding. Moreover, key companies in terms of economic growth operating in the building industry and the chemical industry also applied successfully. It comes as no surprise that an exceptionally high number of enterprises were approved funding in the traditionally highly developed Győr-Moson-Sopron and Fejér counties. However, the way that a considerably high number of enterprises located in the less developed regions of Borsod and Csongárd counties were also approved funding is a good sign and new experience. According to all indications, the calls for applications equally mobilised economic players operating in the less developed regions.








340 micro, small and medium size enterprises submitted applications under the tender scheme complex technological development of enterprises. These enterprises are capable of developing and have serious growth potentials, and believe that strengthening their innovation capacities and adaptability, as well as efficiency and facilitating market entry is important. Following the conclusion of assistance contracts, 216 enterprises will receive a total rate of EU funding of 5.6 billion HUF for the procurement of equipment, IT development and the acquisition of production know-how. The rate of funding is equivalent to 30% of total eligible costs.

One of the most serious problems of the Hungarian economy is that corporate enterprises that have set up sites in the country are not sufficiently integrated and have weak connections with Hungarian suppliers. Smaller size Hungarian enterprises need to implement a considerable degree of modernisation to become suppliers or strengthen their supplier status. The other call for applications of the economic development operational programme addresses this particular problem by targeting income generation increase in export-oriented or supplier enterprises. Having increased the framework to two times its original rate, 98 of the 120 registered applications have been approved EU funding equivalent to 16 billion HUF in value and ranging from 50 million HUF to 500 million HUF per application.

EU resources must concurrently underpin the impetus of economic growth and territorial equalization. Supporting investments implemented by small and medium size enterprises that create jobs in less favoured micro-regions satisfies both objectives. Within the framework of this particular tender scheme, 116 enterprises will receive non-reimbursable assistance equivalent to approximately 3 billion HUF, which covers 40% of eligible costs, to support their investment projects, consequently linking company development with the progress of the region.

Naturally, large enterprises operating in the settlements of less-favoured areas were not left out of development opportunities. 62 companies satisfied conditions and were approved a total EU funding of 8.7 billion HUF for implementing their plans.

Enterprises applied for over 4 billion HUF funding within the framework of the complex technology development call for applications of the Central Hungary Operational Programme targeting SMEs, out of which 64 applicants have received a share of funding of 1.6 billion HUF of the increased framework.