The grant is intended for investments that increase a company's competitiveness, export capacity and added value. The amount of the grant is up to €20 million. The self-financing requirement is at least 85%.
A company registered in the Estonian Commercial Register may apply for the grant if it plans to:
- invest at least €70 million in fixed assets
- and create at least 20 new jobs as a result of the investment
- the state cannot own more than 49% of the applicant or a company belonging to the same group as the applicant
Special conditions
- For defence industry projects, eligible investment costs must be at least €20 million
- For priority technology projects, eligible investment costs must be at least €35 million
