The government has accepted the observations of businesses and business associations and, responding to emerging market needs, has amended the details of the 155 billion HUF European Union co-financed GINOP Plus SME Technology Plus loan programme. The zero per cent fixed-rate financing form is now accessible to a wider range of applicants and more versatile in its application, the Ministry of National Economy (NGM) announced in a statement on Monday.
Under the new, more favourable conditions, the programme’s aim remains to increase the productivity and added value of domestic micro, small and medium-sized enterprises (SMEs) through support for technological and organizational renewal. Another goal is to create and expand the capacity of businesses to develop modern products and services, enabling energy efficiency investments as well.
Thanks to the amendments,
SMEs can now apply for a loan of 5 million HUF, and the required number of employees has been reduced to one,
the ministry said.
Costs related to the alteration, expansion, renovation, and modernization of existing real estate will now be eligible for a reimbursement of up to 50 per cent of the total project cost.
In addition, the cost of procuring inventory related to the investment will also be eligible for reimbursement up to 30 per cent of the total eligible costs. Alongside these simplifications, the loan programme is also available to construction companies and for construction development needs, the NGM noted.
The ministry statement also pointed out that loan applicants with a submitted application but no loan decision yet can withdraw their loan application and resubmit it under the revised product parameters. This ensures that every SME can take advantage of the loan programme under the most favourable conditions, the ministry highlighted.
Loan applications can be continuously submitted through the nationwide MFB Point Plus network. The date of entry into force of the amendments is 29 July 2024. Interested parties can find the necessary information and the revised call for applications on the MFB and government websites.
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