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February
28
THE CALL FOR APPLICATIONS FOR THE EXPORT PROMOTION MEASURE ‘EXPO SERTIFIKATAS LT’ HAS BEEN PUBLISHED
The Lithuanian Business Support Agency (LBSA) has published a call for applications for the measure ‘Expo sertifikatas LT’ (Expo Certificate LT) to promote the internationalisation of enterprises by financing the certification of products intended for export. Applications for this measure may be submitted from today.
The budget of the measure is EUR 1 million, with a maximum amount of EUR 100,000 per project and a minimum of EUR 5,000. EU investment in a project can represent up to 50% of the total eligible costs.
Applications will be accepted until the end of 31 March 2022.
The measure is targeted at micro, small and medium-sized enterprises (SMEs). The opportunity to certify the products to be exported will be provided after granting funding for the selected projects.
According to Saulius Merkys, Acting Director of the LBSA, SMEs were particularly affected by the pandemic as they started to lack funds for their operations, faced liquidity problems and many of them were forced to suspend or reorient their activities. ‘Exporting is one of the options for the continuation of normal activities, and this requires a quality product to meet the needs of the client’, he said.
Therefore, according to him, the investments financed under the ‘Expo Certificate LT’ measure are timely and useful, especially for those companies that are just starting to look for opportunities abroad.
According to the description of the measure, the eligible costs for funding are the costs of certifying the product, including the costs of tests and studies required for this purpose. Also included are the costs of transporting the product to be certified which are necessary for the certification of the product. However, only if this does not include the costs of purchasing the certification service, for which the fixed amount of the project costs established at the time of the assessment of the application is applicable. This will be determined on the basis of the lowest commercial offer or the signed sales contract.
‘Only the products manufactured by the applicant are certified’, points out Gintarė Kuncaitytė, Head of Business Promotion Projects Division of the LBSA. According to her, certified products will help to strengthen the image in international markets that Lithuanian companies export only high-quality products that meet international standards.
Under the previous calls for applications for the ‘Expo Certificate LT’ measure implemented by the LBSA, 64 projects have been financed and completed with an allocation of almost EUR 2 million, and 31 projects are still underway with an allocation of EUR 1.1 million of EU investment.
More information on the call published today can be found here.
The budget of the measure is EUR 1 million, with a maximum amount of EUR 100,000 per project and a minimum of EUR 5,000. EU investment in a project can represent up to 50% of the total eligible costs.
Applications will be accepted until the end of 31 March 2022.
The measure is targeted at micro, small and medium-sized enterprises (SMEs). The opportunity to certify the products to be exported will be provided after granting funding for the selected projects.
According to Saulius Merkys, Acting Director of the LBSA, SMEs were particularly affected by the pandemic as they started to lack funds for their operations, faced liquidity problems and many of them were forced to suspend or reorient their activities. ‘Exporting is one of the options for the continuation of normal activities, and this requires a quality product to meet the needs of the client’, he said.
Therefore, according to him, the investments financed under the ‘Expo Certificate LT’ measure are timely and useful, especially for those companies that are just starting to look for opportunities abroad.
According to the description of the measure, the eligible costs for funding are the costs of certifying the product, including the costs of tests and studies required for this purpose. Also included are the costs of transporting the product to be certified which are necessary for the certification of the product. However, only if this does not include the costs of purchasing the certification service, for which the fixed amount of the project costs established at the time of the assessment of the application is applicable. This will be determined on the basis of the lowest commercial offer or the signed sales contract.
‘Only the products manufactured by the applicant are certified’, points out Gintarė Kuncaitytė, Head of Business Promotion Projects Division of the LBSA. According to her, certified products will help to strengthen the image in international markets that Lithuanian companies export only high-quality products that meet international standards.
Under the previous calls for applications for the ‘Expo Certificate LT’ measure implemented by the LBSA, 64 projects have been financed and completed with an allocation of almost EUR 2 million, and 31 projects are still underway with an allocation of EUR 1.1 million of EU investment.
More information on the call published today can be found here.
