Another competition for small business investment projects announced in Belarus

Another competition for small business investment projects announced in Belarus

18.01.2020. By January 30, the Belarusian Fund for financial support of entrepreneurs accepts applications from small businesses to participate in the competition for investment projects to receive state financial support. This information is available on the website of the Ministry of economy. Small business entities registered and operating in Belarus, as well as those entitled to receive state financial support in accordance with decree No. 255 "on certain measures of state support for small businesses", can participate in the competition.


We are talking about investment projects in the following areas: creation, development and expansion of production of goods (works, services); organization, development of production, implementation of export - oriented, import-substituting products; production of products aimed at energy and resource conservation; introduction of new technologies.

State support is provided in the form of providing money on loan terms in the amount of up to Br216 thousand and property on the terms of financial lease (leasing) also up to Br216 thousand With the total amount of financial support for one entity can not exceed Br270 thousand.

Small business entities that win the competition receive support on the terms of urgency and repayment for up to five years.

The total amount of funds allocated by the Belarusian Fund for financial support of entrepreneurs to provide state financial support based on the results of this competition is more than Br781. 8 thousand.

BelTA