LVPA has signed project implementation contracts worth one billion euros for this financial perspective

Lithuanian Business Support Agency (LVPA) has signed contracts for one billion Euros for financial perspective of 2014-2020. Billionth Euro contract was signed with company Integrali skaidulinė optika, to implement project of scientific lasers reseach worth almost EUR 2 m, with EU funding amounting EUR 1,2 m.
„Helping companies to invest and becoming their project management partners, we are happy to meet and exceed our targets. We were working successfully not only during normal times, but also in the face of unexpected trials the world and Lithuania have to deal with: pandemics and lockdown. Moving agency‘s work away from the office we managed to run all operations smoothly and kept close contacts with the clients. We are glad that our efforts are symbolically marked by the billionth euro contract to fund scientific research project“, – says LVPA director Aurimas Pautienius-Želvys.
Agency has signed contracts with 2792 clients all over Lithuania during 16 years. All contracts are worth EUR 4,8 bn, from this amount EUR 2,7 bn from EU funds, remaining EUR 2,1 bn – own funding of the companies implementing projects.
Number of projects signed is 6637: more than three and a half thousands business and enterpreneurship support projects,, close to one thousand and a half energy sector projects, more than thousnd scientific research and experimental development projects, almost five hundred tourism projects.
During finacial perspective of 2014-2020 LVPA administers 44 EU investment projects. According to LVPA director Mr Pautienius-Želvys, LVPA works on 29 projects owned by Ministry of Economics and Innovation and 15 projects by Ministry of Energy, it has extensive experience in business project consulting, evaluation, implementation and project development. Agency concentrates on development of organizational competences, oriented towards reliable and professional implementation of modern technologies, digitalization, scientific research and experimental development products, prototypes and beta versions development, green innovations, renewables infrastructure projects management meeting EU requirements.

LVPA implements national strategies and programs assisting Lithuanian business development and increasing its international competitiveness, helping with investments, applied scientific research and experimental development, implementation of modern technologies, digitalization, eco innovations, renewable energy, tourism, it administers financing from EU structural funds and state budget, disseminates information requirements and distribution of RU assistance.
LVPA director claims claims that agency seeks to reduce the administrative burden to clients and not just find and finance project ideas, but implement them in reliable and sustainable manner, reaching results in Lithuania‘s regions, strengthening national business‘ practical project management capacity, which is closely related with corporate values of EU investment management system.

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