Grant scheme B LIGHT
Description of the Scheme
The Beneficiary Light Grant Scheme (BLGS) is an SME development funding scheme specially designed for The Interreg V-A Hungary-Croatia Co-operation Programme 2014-2020.
Specific objectives
- Increase the gross value added (GVA) per capita of industry and services sectors of the programme area;
- Encourage the internationalization of SMEs;
- Increase competitiveness of SMEs;
- Setting up signed, contractual business agreements with third parties;
- Establishing the following types of business cooperation: joint product, technology and service development, supplier chains, common marketing, future establishment of a joint venture;
- Increase the selling value of SMEs.
Funds allocated
EU contribution to Light Partners financed from B Light project is non-repayable grant.
A maximum of 75% of the total eligible expenditure can be requested as grant from the PP Light Scheme, the rest shall be covered as own contribution of Light Partners.
Each Light Partner should provide a minimum of 25% of the total eligible expenditure as own contribution for implementation of the Light Project.
Own resources can be composed of any kind of financial resources (e.g. money on bank account, bank loan) with the exception of grants requested from the European Union or from National co-financing resources.
Minimum and maximum size of Light Projects per Light Partner:
| Total eligible costs (100%) | Maximum ERDF co-financing (75%) | |
| Minimum per Light Partner | 40.000 EUR | 30.000 EUR |
| Maximum per Light Partner | 180.000 EUR | 135.000 EUR |
Total costs of cooperation activities of Light Partners may exceed EUR 180,000, but in this case all costs above this threshold are regarded as costs outside the Light Project’s eligible cost.
As VAT is not eligible, all costs should be budgeted without VAT.