The Ministry of Economy, in cooperation with the Development Agency of Serbia, has announced a public call for grants within the Program of Support to Small Enterprises for the Equipment Purchase in 2022.
The total amount of available grants is around 3.1 billion dinars.
The goal of this program is to support investments and encourage faster economic development, and the grant is supported by the project “Serbia and the EU – Equipment for the Economy”, which provided funds and technical support in the total amount of 11 million euros.
Grants are intended to co-finance the purchase of new equipment directly involved in the process of production of exchangeable goods and new construction work equipment.
The condition for applying for the available funds is that:
- legal entities have to be registered with the Business Registers Agency as companies or cooperatives, as well as to be considered micro and small legal entities;
- entrepreneurs have to be registered with the Business Registers Agency.
Entities may be eligible for co-financing of up to 25% of the net value of the equipment being purchased. Business entities provide participation amounting to 5% of the total value of equipment, while the rest is provided from loans from commercial banks or financial leasing companies involved in the Program.
The amount of the awarded grant amount depends on the number of employees that the business entity employed on December 31, 2021.
The table below shows the maximum amount of funds that can be allocated to one entity, with the number of employees.
| Number of employees | The maximum amount of funds available |
|---|---|
| 1 | 1.000.000 RSD |
| 2 – 5 | 2.500.000 RSD |
| 6 + | 5.000.000 RSD |
The application and other necessary documents for the grant are submitted personally or electronically in one of the branches of commercial banks and leasing companies participating in this program.
The public call is open until the available funds are used up, ie by December 31, 2022, at the latest.
