About LBSA

Public Institution Lithuanian Business Support Agency is a non-profit institution established by the Ministry of the Economy and Innovation administering the European Union funds granted for the development of Lithuanian business, R&D, tourism, and energy sectors.

Being at the service of some of the most demanding and dynamic clients – Lithuanian business enterprises –LBSA has set itself the ambitious goal of creating and developing an organization that would prioritize satisfying customer expectations, keep pace with up-to-date management standards and principles, place importance on risk assessment in the business environment, advanced project management methods, public relations, human resources management, and expert assessment.

LBSA’s mission is to promote the growth of the Lithuanian business, innovation and competitiveness while efficiently administrating the projects financed by the EU structural funds.

LBSA's vision – a professional and reliable partner in project management while developing innovative and advanced Lithuania in united Europe.
LBSA's values:
•    Professionalism.
•    Cooperation.
•    Transparency.
•    Improvement.

LBSA's objectives:
•    To contribute to the transparent and economically justified allocation of European Union structural funding.
•    To ensure the efficient administration of projects and supervision of their implementation.
•    To ensure the availability and dissemination of relevant and comprehensive information on the funding administered by LBSA.

The structure of the LBSA is built around a Investments management department composed of Business promotion projects, Business productivity projects, R&D projects and Public investments project divisions that consistently manage projects from the moment an application is received to making sure that desired indicator outcomes are reached. Each project promoter is assigned a project manager, who works with them throughout the process. The financial flow is managed by the Projects finance group. 

Last updated: 10-01-2019

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