The European Regional Development Fund (ERDF) Grant Schemes for the 2021-2027 programming period have been launched to support businesses in enhancing their operations and competitiveness. These schemes provide financial aid to small and medium-sized enterprises (SMEs) and large businesses investing in tangible and intangible assets.

The minimum grant value under these schemes is €10,000, while the maximum capped aid is €128,400. Additionally, an extra 7% flat rate is allocated to cover indirect costs related to the investment.

 

SME Enhance Scheme

The SME Enhance Scheme supports SMEs and start-ups seeking productive investments in both tangible and intangible assets. The scheme specifically focuses on the following areas:
 

  1. Expansion – Supporting businesses in growing their operations.

  2. Diversification – Encouraging SMEs to broaden their product or service offerings.

  3. Innovation of Operations – Aiding in the adoption of new technologies and processes.

  4. Initial Investments – Facilitating the establishment of new business ventures.

 

Eligible investments under this scheme include essential equipment and machinery, which encompass:

âž¡   Furniture

âž¡  Fixtures and Fittings (excluding network cabling, wall paintings, soft furnishings such as blinds, curtains, curtain rails, linen, sheets, towels, pillowcases, and similar items)

âž¡  Plants and Shrubs

âž¡  Solar Panels

âž¡  Equipment (excluding military equipment)

âž¡  IT Equipment (both tangible and intangible)

âž¡  Vehicles (land and water) only if directly related to the economic activity

 

The SME Enhance Scheme aims to facilitate business growth and innovation, ensuring that companies have access to the necessary resources to thrive in a competitive market.

 

Digitalise Your SME / Digitalise Your Large Business

The Digitalise Your SME scheme supports businesses in adopting digital solutions to enhance operations and competitiveness. Eligible actions under this scheme include:

âž¡  Digitalising Management Systems – Optimising task execution, streamlining workflow, and yielding long-term benefits.

âž¡  New Digital Machines – Enhancing product quality and production speed.

âž¡  Tailored Services – Software and programs facilitating easy access and analysis of client information.

âž¡  Marketing – Leveraging online channels to reach and communicate with potential customers.

 

Additionally, eligible digital solutions under this scheme include:

  1. Software – Commercial Off-The-Shelf (COTS) and custom software, with subscription costs for up to two years considered eligible.

  2. Hardware – Laptops, docking stations, port replicators, monitors, tablets, routers, switches, and WiFi equipment.

  3. Analytical Tools – Essential hardware and software for data analysis.

  4. Cyber Security – Systems designed to protect digital assets.

  5. Cloud Computing – Cloud-based services and infrastructure.

  6. Internet of Things (IoT) – Connected devices and systems.

  7. Artificial Intelligence (AI) – Intelligent systems and applications.

  8. Big Data Analysis – Tools for analyzing large datasets.

  9. Quantum Technology – Advanced computing technologies.

  10. Other Digital Solutions – Additional hardware, software, or digital solutions identified in the application.

  11. Installation and Training – Costs included in the purchase price when acquired from the same provider.

     

This scheme aims to support SMEs and large businesses in integrating digital technologies to enhance efficiency, security, and market reach.

The ERDF Grant Schemes present a valuable opportunity for SMEs and large businesses to enhance their operations through strategic investments. 

Our team can help you throughout the process, clarify requirements, and identify how to best align your investment with the available funding. Reach out to explore how these grants can work for your business and take the next steps.