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Grants and Incentives in Romania: AmCham Bucharest Seminar

Explore grants, incentives, and funding opportunities for enterprises in Romania at the American Chamber of Commerce seminar in Bucharest on February 12th, 2009. Learn about Structural Funds, EU Project Cycle, State Aid, and more. Discover how to access EU and national grants for business growth. Dive into the specifics of the European Agricultural Fund for Rural Development, State Aid for Large Investments, and Regional Policy. Get insights into the various funds and allocations available to support large, medium, and small enterprises in Romania to enhance economic competitiveness. Gain valuable information on eligibility, application processes, and co-financing requirements.

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Grants and Incentives in Romania: AmCham Bucharest Seminar

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  1. Grants and Incentives opportunities in Romania for Large, Medium and Small Enterprises American Chamber of Commerce in Romania Bucharest, February 12th 2009

  2. Table of contents Part I: Overview of available grants and incentives in Romania Part. II: Structural Funds • Eligible applicants • Sectoral Operational Programme Increase of Economic Competitiveness • Sectoral Operational Programme Human Resource Development Part III: European Agricultural Fund for Rural Development • Eligible applicants • Rural Development Plan Part IV: State Aid Part V: EU Project Cycle

  3. EU and national G&I for enterprises in Romania Regional Policy Rural Development Policy State Aid for Large Investments Structural Funds Cohesion Fund Large construction and infrastructure works EAFRD European Agricultural Fund for Rural Development State Aid for Large Investments G&I allocation: 500 mil EUR ERDF: European Regional Development Fund SCOPE: productive investments, investment in infrastructure, support services for enterprises. G&I allocation: 1.608 mil EUR ESF: European Social Fund SCOPE: “soft” expenses related to adaptability of workers and enterprises, employment and social Inclusion. G&I allocation: 430 mil EUR Direct Payments Payments to farmers Development of micro enterprises in non agricultural fields Development of rural tourism SCOPE: Support to the food processing industry G&I allocation: 1.071 mil EUR G&I = Grants and Incentives

  4. EU and national G&I for enterprises in Romania Sources of funding and competent authorities RELEVANCE

  5. Structural Funds in Romania • For the period 2007-2013 Romania benefits of financial assistance under the Cohesion Policy through Structural and Cohesion Funds • The value of EU intervention under the Convergence objective is EUR 19,2 billion for both the Structural Funds (ERDF and ESF) and Cohesion Fund. Structural Funds alone amount for EUR 12,6 billion. • All regions in Romania are eligible under the Convergence objective • The National Strategic Reference Framework (NSRF) identifies the thematic priorities for reducing the economic and social development disparities between Romania and the other EU Member States • The Priorities are implemented through 7 Operational Programmes • G&I opportunities for enterprises are concentrated in the SOP IEC and SOP HRD that are treated in the presentation, while the remaining are included in the Annex Indirect opportunities for enterprises

  6. Structural Funds in Romania General eligibility rules for private for profit sector

  7. Structural Funds in Romania Sample selection criteria for enterprise projects – Feasibility study contents • The table includes a “non-comprehensive” set of selection criteria of SOP IEC Measure 1.1 Productive investments and preparation for market competition especially of SMEs • The maximum score that can be reached equals to 100 points, the minimum score for eligibility is 60 points • In the application stage, these data are checked against the information declared by the applicant in the Application File as supported by the Feasibility Study

  8. Structural Funds in Romania Requirements regarding co-financing and sustainability of the investment The grant will cover only a part of the total eligible budget of the investment, according to the financing rate. The applicant will contribute to the share of the project cost not covered by the grant through his own financing.

  9. Definition of enterprise EU Recommendation 2003/361/EC and National Law 346/2004 AND OR Annual working units: the staff headcount is expressed in Annual Work Units (AWU). Anyone who worked full-time within your enterprise, or on its behalf, during the entire reference year counts as one unit. You treat part-time staff, seasonal workers and those who did not work the full year as fractions of one unit. Company relations: if the company is controlled or controls other entities, further data have to be added to the company’s data according to the following definitions: • Partner enterprise: (the enterprise holds or) another enterprise holds at least 25%, but no more than 50% of the company. In such case you must add a proportion of the other enterprise’s staff headcount and financial details to your own data when determining your eligibility for SME status. • Linked enterprise: (the enterprise holds or) another enterprise holds more than 50% of the company. 100% of the linked enterprise’s data must be added to those of your enterprise to determine if you comply with the staff headcount and financial thresholds of the definition. Explanatory guide: http://ec.europa.eu/enterprise/enterprise_policy/sme_definition/sme_user_guide.pdf (EN) http://www.animmc.ro/animmc/legislatie_imm/ (RO)

  10. SOP Increase of Economic Competitiveness – G&I focus Based on processing of official data. “Grants” is an estimation of available resources for private companies in 2007-2013. “Grants launched” is the value of financial resources available through open calls: this is not fully committed and in case of rolling submission may be still available!

  11. SOP Increase of Economic Competitiveness – G&I focus Innovative and eco-efficient production system for private companies – PA 1

  12. SOP Increase of Economic Competitiveness – G&I focus Improving the energy efficiency and supplying security – PA 4

  13. SOP Human Resource Development – G&I focus Increasing adaptability of workers and enterprises – PA 3 Chambers of Commerce are also eligible beneficiaries

  14. European Agricultural Fund for Rural Development • Romania benefits of the financial assistance of the EU Rural Development Policy through the intervention of the European Agricultural Fund for Rural Development (EAFRD) • The value of the EARDF allocation to Romania for 2007-2013 amounts to over EUR 8 billion • The National Plan for Rural Development 2007 -2013 identifies 3 strategic development objectives: • increase the economic dynamics of Romanian rural areas including the development of a sustainable agriculture and forestry sector • preserve, protect and consolidate nature, environment and natural resources • enhance the social dynamics and the quality of life in rural areas. • The strategic priorities are implemented through the National Rural Development Programme for 2007-2013. The total value of the plan including national contribution equals to EU 9,7 billion • The Programme covers the whole Romanian territory but specific measures are eligible only in selected areas identified within the Programme

  15. European Agricultural Fund for Rural Development General eligibility rules for private for profit sector

  16. National Rural Development Programme 2007-2013 – G&I Focus Improving the competitiveness of agricultural and forestry sector – PA 1

  17. State Aid Scheme Encouragement of Economic Growth through Large Investment Support GD 1165/26.09.07 Note: this national state aid scheme is managed by the General Directorate for State Aid within the Ministry Public Finance

  18. EU grant project cycle • Project generation • identification of opportunity • eligibility validation of the applicant, project and budget • pre-scoring of the application according to Guidelines scorecard • Preparation and submission of the Application File • preparation of feasibility study or business plan • collection of administrative documents • development and submission the Application File • response to requests of clarification • definition of bridge finance • contractual arrangements with Awarding Authority including guarantees and proof of co-financing • Project implementation and up-keeping of results • setting-up of project accounting system • tendering organization for procurement of project related assets • financial/technical periodic reporting and payment claim preparation • information and publicity, equal opportunities and environmental compliance • preparation to project controls and audits • up-keeping of project results and documentation

  19. Contacts Michele Scataglini – Manager Public Sector and EU Advisory Department Ernst & Young SRL Premium Plaza Building, 3rd Floor, 63-69 Dr. Iacob Felix Street 011033 Bucharest, Romania Office: +40 21 402 4000 Fax: +40 21 410 7046 Email: michele.scataglini@ro.ey.com Website: www.ey.com

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