Bulgarian businesses eligible for funding of 338 mln euro from 2023 - ministry

The financing tools, including three equity instruments and two debt instruments, will be provided by the European Investment Fund, the innovation ministry said in a statement on Tuesday.

Under the first equity instrument, small and medium enterprises (SMEs) will have access to 146.7 million levs for recovery from the COVID-19 crisis.

The second equity instrument, also worth 146.7 million levs, will back research and development activities, acquisition of intellectual property and know-how transfer.

The third instrument will be worth 58.7 million levs and will support SMEs as well as large infrastructure projects which contribute to environmental protection, digitalisation, the fight against the adverse impact on climate and the transition to digital economy.

The two debt instruments will have a total value of 300 million levs and will support SME’s plans for energy efficiency improvements. The second instrument will provide assistance to households as well.

The five instruments will be available as part of Bulgaria's National Recovery and Resilience Plan.

(1 euro = 1.95583 levs)