Will determine how much funding

parvej64

This document was subject to public consultations (various interested entities could submit their comments), therefore its final version will be known only when the European Funds for a Modern Economy (FENG) program is launched. The start of competitions under the FENG program has been announced for the first quarter of , so it is worth getting acquainted with the key assumptions of the new instrument, which will be a conditional subsidy. The conditional grant assumes the division of the funding amount into two parts : non-refundable part – a classic subsidy, i.e. a non-refundable amount. refundable part (DZ) - part of the funding that is refundable - in part or in full - after certain conditions have been met.

The initial proportions of the refundable and non-refundable part will depend on the size of the company and are presented in the table below. Enterprise category Non-refundable part of the conditional grant Refundable part of the conditional grant Micro and small enterprises % % Medium-sized photo retouching enterprises % % Large enterprises thirty% % Sounds quite enigmatic? We are already explaining how it will work in practice. The profitability of the project the entrepreneur will have to return, and this will be verified after years from the end of its implementation. In projects that will be characterized by high profitability, the return amount will be small, i.e. - % of the return part.



But how to understand high profitability? Profitability will be measured by the "R" indicator on the project, calculated according to the formula: R= (P/DZ* %)- % P – sum of revenues (net revenues) generated by the project in connection with the implementation of the "Implementation of innovations" module in the period of years from the end of the project implementation DZ – amount of the refundable part of the conditional subsidy The "R" indicator reflects the ratio of the amount of revenue generated by the project to the expenditure (conditional subsidy awarded). As this coefficient increases, the level of repayment of the conditional part of the subsidy will decrease.