Large investor support scheme

Open Target group: Companies registered in the Estonian commercial register operating in the manufacturing sector.

The aim of the support scheme is active involvement of large investors in the economy of Estonia through technology investments, which contribute to the growth of productivity and export potential of a company, the increase of the added value of products, the opening of new market opportunities, and create conditions for the establishment of higher value adding jobs.

Maximum grant 1 000 000 EUR

 
The maximum grant percentage from the entire cost is 10%
Majandus- ja Kommunikatsiooniministeerium

Total budget

The support scheme is financed from the state budget.

Goal


Terms and Conditions

Large investor is a company registered in the Estonian commercial register whose principal activity, or project which the support is applied, belongs to the areas of activity indicated in section C “Manufacturing” of EMTAK 2008 

The consolidated turnover of large investor, its parent company or a group, where the large investor belongs to, was at least 50 million euros during the financial year preceding the submission of application.

  • The amount of support is 1 000 000 euros
  • Grant rate is up to 10% of eligible costs
  • The maximum duration of a project is 24 months

Conditions and procedure for grant of large investor

 

Terms and conditions of the support for projects submitted before September 22th 2019.

Activities that are supported

Eligible is:

  • purchasing tangible fixed assets
  • renting tangible fixed assets
  • constructing a new building
  • purchasing intangible assets, if it will be included in the applicant’s fixed assets and remains linked to the project for which the grant is awarded
  • etting up, transporting and insuring tangible property, when this is included in the cost of the property

Application

Prior to submitting an application, you should definitely meet with the Foreign Investment Project Team in order to introduce your project and get an evaluation on its suitability. 
Instructions for preparing the project plan

The application shall be accepted through the e-service of Enterprise Estonia on an ongoing basis.
Application form (example)


Raido Lember
Head of Investment Advisors
raido.lember@eas.ee

 

Information and support centre
info@eas.ee, +372 6279 700 


Evaluation

The evaluation criteria of the application and their percentages of the total grade are the following:

  • The project’s impact on the achievement of the The terms and conditions and procedures for the support of large investor – 40% of total score
  • The applicant’s capability to achieve the project’s objectives – 30% of total score
  • The project’s impact on Estonian economy – 20% of total score
  • The project’s site is located outside of Tallinn urban area – 10% of total score (bonus criteria)

 

 

Reporting

Reports are submitted via the EAS e-service

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