The schemes are coordinated by Romania’s finance ministry and interested firms may submit funding requests to the 21 partner banks starting Monday (June 6).
The programs are carried out through Romania’s national guarantee fund for small and medium-sized businesses (FNGCIMM) and have a total guarantee ceiling of RON4 billion.
The budget of state aid scheme related to the IMM PROD program reaches RON268.54 million (nearly EUR54.25 million), and the total ceiling of guarantees that can be granted in 2022 amounts to RON1.5 billion.
GARANT CONSTRUCT has a budget worth RON495 million (nearly EUR99 million), with a total guarantee ceiling for 2022 amounting to RON2.5 billion.
The IMM PROD program aims to grant government guarantees of up to 90% of the value of financings to ensure liquidity and for investments stimulating domestic manufacturing, to enhance production capacities, for the reconversion from intermediation to manufacturing, to digitalize operations and to meet environmental objectives.
The eligible beneficiaries are SMEs, including startups, authorized private individuals, individual and family enterprises, forms of organization of liberal professions that can carry out manufacturing activities and have their primary or secondary office in an urban area.
The GARANT CONSTRUCT program has two components: the Subprogram bolstering investment projects for the SMEs in the construction sector and the Subprogram bolstering small-scale investment projects for administrative-territorial units, which entail financing some activities in the construction sector.
The GARANT CONSTRUCT program aims to support projects targeting enhanced energy efficiency, investments in the “green” energy sector and to meet the environmental objectives implemented by the SMEs in the construction sector and by administrative-territorial units by granting government guarantees of maximum 90% of the financing value. For 2022, the total guarantee ceiling of RON2.5 billion is equally divided between the two components of the program.
The eligible beneficiaries of the Subprogram bolstering investment projects for the SMEs in the construction sector are SMEs, including startups, authorized private individuals, individual and family enterprises, forms of organization of liberal professions such as architects and individual architecture offices. The Subprogram bolstering small-scale investment projects for administrative-territorial units, respectively municipalities, towns and communes, aims to fund some activities in the construction sector and small-sized projects.