EU funds business digitization: it is recommended to allocate EUR 60 m

Lithuanian Business Support Agency (LVPA) evaluated applications by country companies for EU structural funds and recommended ministry of economics and innovation to finance audit and implementation of digitization technologies. 146 applications out of 154 were deemed meeting all requirements, the requested amount is EUR 60 m.

Very small, small and medium sized companies could apply for project Digitalization of Industry LT, aimed at encouraging businesses to fund technology audit, which would help to evaluate possibilities to digitize production processes. The project funds production digitization technologies as well.

LVPA director Aurimas Želvys claims that it was a second call for companies to speed up investment into digitization of production. Comparing with the first Digitization of Industry LT call we see the demand growing. There are 45 more applications deemed meeting requirements.

„Second call results show that automatics and automatization technologies, enterprise resource planning systems (ERP), robotics, smart sensors and controllers, manufacturing execution systems (MES) are among most popular technologies“, – comments Mr Želvys.

According to head of LVPA business productivity unit Sigita Skrebė, technology audit is a must while implementing project Digitization of Industry LT. Some companies decide to fund it themselves. This time 106 out of 146 companies requested to partially finance technology audit with EU funding, for total amount of almost EUR 557 thousand.

„Companies plan to spend most on purchasing equipment – EUR 154 m. More than half of the projects - 80 -  envisage buying software – ERP, MES or some other“, – indicates Ms Skrebė.

Largest number of applications came from Vilnius (37%), Kaunas (29%) and Panevėžys (11%) regions. Most of companies work in metal production, furniture, paper, printing, wood processing, food and plastic sectors.

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