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project info
Start date: 1 February 2020
End date: 31 January 2024
funding
Fund: European Regional Development Fund (ERDF)
Total budget: 867 955 364,95 €
EU contribution: 735 552 960,28 € (84,75%)
programme
Programming period: 2014-2020
Managing authority: Ministerul Dezvoltarii Regionale, Administratiei Publice si Fondurilor Europene
European Commission Topic
European Commission Topic

Financial support for SMEs affected by the COVID pandemic – 19 through the integrated IT system – SME RECOVER

The overall objective of the project is to support SMEs affected by COVID-19 to continue operating in the next period taking into account the risks of economic downturn. The general objective of the project is in line with the Specific Objective OS 3.1. — Strengthening the market position of SMEs affected by the COVID-19 pandemic, with Action 3.1.1. Support for SMEs to overcome the economic crisis caused by the COVID-19 pandemic. The project will be a prerequisite to counteract the negative effects of structural adjustments caused by the Covid-19 crisis and by improving the economic status of companies whose activity has been totally or partially discontinued by the decisions of the competent public authorities. The implementation of the project will lead to the support of a minimum of 55000 SMEs and to the maintenance of at least 2050 jobs – these will have a positive impact on the business environment at national level and on the living standards of the population. These benefits will spread to the community of which entrepreneurs belong, thus creating a multiplier effect. At the same time, the State indirectly benefits from the implementation of the project, given the reduction of unemployment rate and the economic growth generated by the unblocking of suspended activities by decision of the competent public authorities. In conclusion, project implementation will generate a positive medium and long term impact on sustainable development at national level. The project contributes to the achievement of specific indicators as a result of the support received by SMEs, in order to: CO01 Number of enterprises supported at the end of support for all measures, CO02 Number of enterprises receiving grants and CV22 Number of SMEs supported with non-repayable financing for working capital in response to COVID-19 six months after the end of support and for microgrant measures (M1) and Working Capital (M2)

Flag of Romania  Multiple locations, Romania