CoM introduced amendments in the operational programme “Entrepreneurship and Innovations”

CoM introduced amendments in the operational programme "Entrepreneurship and Innovations"

On the basis of decisions made by the European Union Structural Funds and Cohesion Fund Steering Committee, on January 6, according to the decree of the Cabinet of Ministers (CoM) amendments were introduced in the operational programme “Entrepreneurship and Innovations”.  

Within the financing plan of the operational programme resources were reallocated from the priority “Access to Finances” (EUR 1 694 118) and “Promotion of Entrepreneurship” (EUR 87 813 333) to the priority “Science and Innovation” amounting to EUR 89 507 451. 

Since it is necessary to concentrate all financial instruments aiming at increase in added value and productivity of commercial companies on one activity “Innovations” the activity “High value-added investments” will be moved from the priority “Promotion of Entrepreneurship” to the priority “Science and Innovation” activity “Innovations”.

According to the decree of the CoM it is stated that the target group and beneficiaries in the activity are indicative which will easy introduction of changes within the scope of beneficiaries providing that amendments will be made only at planning documents and legislative acts at national level.

As the scope of beneficiaries has been widened the title of the activity “Co-financing to the investments in micro and small-sized enterprises operating in the specially assisted areas” has been put more precisely supplementing it with medium-sized enterprises.

Elīna Dobulāne
Ministry of Finance
Head of the Press Division
Phone: 67083850,
Elina.Dobulane@fm.gov.lv