On March 25, 2009, EAS opened the second application round of the technology investment support programme for industrial enterprises. The budget of this programme that supports buying modern technology to companies is 320 million kroons and the last day for submitting an application is May 4, 2009.
„Taking into consideration the feedback we received from companies, we changed the criterions for receiving the subsidiary together with the Estonian Leasing Association a bit more flexible. When in the first round only the down payment of a leasing was subsidised, then now it is the whole sum,“ Pille-Liis Kello, the head of the Enterprise Capability Division said. „In the second round, we would also focus more on the companies’ realistic plans of action and adapting to the current market situation in their niche instead of focusing on ambitious growing plans,“ Kello added.
The aim of this subsidiary is to promote investments that help to grow the output capacity and export potential of a company, find new marketing possibilities and create jobs with a bigger added value. The subsidiary decisions of the first application round were approved at the end of last year. This subsidiary co-funded by the European regional development fund was received by 49 enterprises in a total sum of 259 million kroons.
20 out of the 49 enterprises that were subsidised are working in the field of metallurgical and machine industry, the rest were from very different sectors, including timber-, printing-, plastic- and chemical industries. As could be assumed, most of the enterprises receiving the subsidiary were from the Harju county – 26 businesses or 53% of all the subsidised businesses.
An enterprise receiving the biggest subsidiary was Sangla Turvas with 26 million kroons. They plan to increase the production efficiency almost three times in the next three years. In addition to the growth of efficiency, producing turf would be more environmental friendly and export turnover would increase due to this project.
The subsidiary can be applied for to implement an investment project related to the main activity of a business: to buy machinery and devices and the necessary immaterial assets for using them. Joint applications are also welcome. An enterprise receives the subsidiary after making their payments to the provider of devices. The sum of self-financing is 60-80% depending on the size of the company. See www.eas.ee/tehnoloogiatoetus for more information.
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