Working capital for restarting economic activities for SMEs
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About this good practice
Support scheme offered by the Romanian Government specifically to small and medium companies affected by the COVID-19 pandemic.
Resources needed
The allocated budget for this call is Euro 350,000,000. The funds come from ERDF 2014-2020.
Evidence of success
The scheme received over 100,000 applications. It is still difficult to measure the effects of the scheme. However, considering the critical and dynamical evolution of Covid-19 situation in Romania and based on measures taken by European Union states, the Romanian Transport SMEs that received support through the scheme have at least managed to stop their decline and keep their workers employed. The good practice is indicated as a support tool to SMEs in an emergency situation.
Potential for learning or transfer
These grant products played an important role in helping transport SMEs and also promoting the transport SMEs agenda and are expected to continue to do so in the 2021-2027 period.
The grants adopted by the Romanian Government are meant to reinforce capacity building and to help transport SMEs to be more resilient in the difficult context of Covid-19. The measure proved to move the transport SMEs sector onto a safer and stabler path.