Deadline: 21-Sep-21
The European Economic Area (EEA) has launched a call for project proposals for the Small Grant Scheme “Support for Business Ideas in Latgale”.
The aim of the small grant scheme is to promote employment in the Latgale region by supporting entrepreneurs in the implementation of new business ideas.
The small grant scheme supports projects that implement a new business idea and create at least one new job in the Latgale region, and it’s planned to achieve the following outcome target indicators the Programme:
- number of supported companies with increased operational capacity: 40
- number of new products / services developed: 40
- number of new jobs created: 40
Funding Information
- Total allocation: EUR 540,000
- Grant to be applied for: EUR 5,000 – EUR 10,000
Eligibility Criteria
The project applicant is any self-employed person, who has registered as a person conducting business pursuant to the Law on State Social Insurance and conducts business in the Latgale Region, as well as a sole proprietor or a legal person conducting business at a registered office or a structural unit registered with the State Revenue Service and located in the Latgale region, if the applicant for support complies with the status of a micro-enterprise or small enterprise pursuant to the following conditions:
- the micro-enterprise is established in Latvia and a number of employees at the time of submission of the project application and during the implementation of the project does not exceed 5, and its turnover in a calendar year does not exceed EUR 40,000;
- the small enterprise is established in Latvia and a number of employees at the time of submission of the project and during the implementation of the project does not exceed 20, and its turnover in a calendar year does not exceed EUR 1,000,000;
- the share capital of a micro or small enterprise has at least 75% of the private capital shares.
For more information, visit https://bit.ly/3i9xET7
