The grant is meant for investment in the establishment of a new production unit, which increases the company’s competitiveness, export capacity and added value.
The amount of the grant is up to €20 million. The self-financing must be at least 85%. A company registered in the Estonian Commercial Register may apply for the grant if it plans to:
- invest at least €100 million in fixed assets
- and create at least 30 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.
