The objective of the Economic Transformation Programme, financed with EUR 735 million from the Recovery and Resilience Facility, is to support the innovation and growth of Bulgarian businesses, in particular by fostering their green and digital transition.
The programme supports Bulgarian small and medium-sized enterprises and mid-caps through financial instruments and grants.
The programme consists of three funds:
- Fund 1 - Growth and Innovation (comprised of a guarantee instrument for growth, equity instruments for growth, modernisation, and equity instruments for innovation)
- Fund 2 - Green Transition and Circular Economy (comprised of a grant scheme for investments in renewable electricity sources for own use with local storage facilities, a guarantee instrument for energy efficiency and renewable energy, a grant scheme for the support of businesses in the transition to a circular economy)
- Fund 3 - Climate Neutrality and Digital Transformation (comprised of equity instruments for climate neutrality and digital transformation investments)
Three of the grant schemes have been completed – for technological modernisation, for communication technology solutions and cybersecurity and for investments in renewable electricity sources for own use with local storage facilities.
The implementation of this investment is expected to be completed by 30 June 2026.
More information can be found at the links below:
- https://www.mig.government.bg/naczionalen-plan-za-vazstanovyavane-i-ust…
- https://www.mig.government.bg/naczionalen-plan-za-vazstanovyavane-i-ust…
- https://www.mig.government.bg/naczionalen-plan-za-vazstanovyavane-i-ust…
- https://www.mig.government.bg/podkrepa-za-investiczii-za-kombinirane-na…
- Reference
- C3.I2 in the Bulgarian Recovery and Resilience Plan
- Project locations
- Bulgaria
- EU contribution
- €735 000 000
- Project website
- https://www.mig.government.bg/...