With European Union assistance entrepreneurs from Ungheni and Cahul regions develop their business
18 May 2021
A new grants programme of €700,000 is launched today.
A new grants programme of €700,000, benefiting companies, start-ups, and social entrepreneurship initiatives from Cahul and Ungheni regions has been launched today. The financial assistance to develop the private sector in these two focal regions is provided by the European Union, in the framework the EU4Moldova: Focal Regions Programme, financed by the EU and implemented by UNDP and UNICEF.
EU Ambassador to the Republic of Moldova Peter Michalko mentioned: “This new round of grants for SME support will contribute to improving the daily life of citizens from Cahul and Ungheni regions. It will support entrepreneurs to roll out new investments and expand their businesses. By doing this, new jobs will be created, and income of employees will increase, while implementing green economic principles. This is possible with EU support of almost 23 million euros to the Focal Regions programme, having the goal to boost inclusive, green, smart, and sustainable economic development. This programme is a concrete example of how the EU assistance is improving the quality of life of the citizens, notably by promoting a green approach for economic recovery.”
26 companies from Ungheni and Cahul Focal Regions will benefit this year from grants of €15,000 - €30,000 each. This is the second call for private sector’s financing, launched by the EU4Moldova: Focal Regions Programme. The first round was conducted in 2020, when 28 enterprises, start-ups, and social entrepreneurship initiatives benefited from similar assistance.
The financial assistance may be used to purchase equipment, goods, works, and services to expand the business, promote models of circular economy, create new jobs, and increase the attractiveness of the key regions for new investments. At the same time, the awarded entities will benefit from mentorship, trainings, and coaching to foster entrepreneurial culture.
The detailed contest conditions and the application forms are available on the webpages www.eu4cahul.md, www.eu4ungheni.md. The deadline for submitting the applications is 15 June 2021, 17.00.
The entrepreneurs from Ungheni and Cahul regions may apply for the following categories:
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1. Support and expansion of existing businesses Grants of €30,000 each, total number of beneficiaries: 12 (6 for Ungheni region & 6 for Cahul region) |
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Minimum requirements:
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2. Support for existing or newly created startups Grants of €15,000 or €25,000 each, total number of beneficiaries: 12 (6 for Ungheni region & 6 for Cahul region) |
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Minimum requirements:
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3. Support for social entrepreneurship initiatives Grants of €20,000 each, total number of beneficiaries: 2 (1 for Ungheni & 1 for Cahul regions) |
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Minimum requirements:
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State enterprises or companies established by local governments, companies benefiting from the 2020 edition of the grant programme are not eligible for this contest.
This is the second call for grants dedicated to entrepreneurs from Cahul and Ungheni regions organized under EU4Moldova: Focal Regions Programme. The third and last call for private sector from the focal regions will be launched in 2022. The total value of grants for the business sector in the Cahul and Ungheni regions awarded during 2020-2024 as part of the program is about €1.7 million.
“EU4Moldova: Focal Regions” Programme (2019-2024) supports smart, green, inclusive and sustainable social-economic development in Cahul and Ungheni regions to ensure better standards of living for citizens. The Programme has a total budget of €23 million, is financed by the European Union and implemented by the United Nations Development Programme (UNDP) and the United Nations Children’s Fund (UNICEF).
Laura Bohantova
UN entities involved in this initiative
Goals we are supporting through this initiative
