The scope of the investment included expenses capable of upgrading the existing infrastructure of the business and modernizing its operational procedures, upgrading the premises, and integrating specialized information and communication technologies (ICT).
Summary
The subsidized company operates in the field of medical supplies trading (wholesale & retail). Both at the level of Individuals, but especially at the Business level (B2B - Business to Business), every company must be fully modernized regarding production equipment, as well as in ICT (Information and Communication Technologies).
The aim was to improve competitiveness, expand advanced capabilities, and develop the services provided to upgrade the level of business organization and operation.
The Business Opportunity
The Investment Centre undertook the inclusion of the Enterprise in a Subsidized NSRF Program, through which a New Investment would receive a Grant equal to 50% of the Total Cost.
The enterprise submitted an Application for Funding and was approved. Subsequently, it proceeded with the Implementation of the Investment Project, based on its personalized needs.
Thanks to the Subsidized Investment, the enterprise achieved its modernization and continued seamlessly to provide high-quality, value-added products. Finally, customer satisfaction was improved, which remained a top priority in the company's policy.
“By integrating the Enterprise into a Subsidy program, it achieved a significant benefit regarding its development.”
The Challenge
The business managed to fully modernize its operations with the support of the Program.
It was built on solid foundations, thereby ensuring its proper and effective operation on the one hand, and its sustainability on the other.
Through the favorable conditions of the NSRF, it was able to make all the necessary expenditures, effectively modernizing fully, and now provides quality and upgraded services.
At the same time, this benefits the local economy, as personnel will be hired and partnerships will be formed with other businesses in related fields, thus reducing the unemployment rate and the economic recession of the local market.
The Benefits
The company carried out a substantial modernization, receiving 50% of the Total Cost as a state grant upon completion of the investment. A qualitative upgrade was achieved, and a competitive advantage was acquired, as it was subsidized for:
• Commercial Vehicle worth €14,730.38
• Air Conditioning units worth €2,557.83
• Mechanical & Technological Equipment worth €30,995.48
• New job position worth €13,000
> Total Investment: €65,280.88
> Grant Amount: €32,640.43
In this way, a significant upgrade of the Enterprise's productive operation was achieved, its Facilities were modernized, and its competitive position was enhanced. The cost of the investment (own contribution) was halved due to the subsidy.
The operation of the enterprise was enhanced, and its competitive position was strengthened by:
- Upgrading the mechanical & technological equipment of the business.
- Upgrading service provision through the creation of a new job position.
- Upgrading service provision through the purchase of a New Commercial Vehicle.
A strategic advantage was created so that the business could gain a competitive position in the corporate market.
Subsidized Programs
Subsidized Programs are announced periodically and apply to either Existing or Under-Formation / Newly Established Companies. The participation of a potential investor in a grant application does not automatically mean they have been included. Furthermore, for a grant amount to be successfully completed and fully disbursed, both the Terms and Conditions of the respective Subsidized Program and all Legislative Requirements and Regulations (the Legislative Framework to which the respective Business belongs) must be properly met.
About the Investment Centre
The Investment Centre [Blackbird Group] undertakes the inclusion of businesses in Subsidized Programs, providing full and comprehensive support.
Our expertise, combined with high specialization, guarantees the quality of our office's services, ensuring the smooth integration of businesses into subsidized programs, and the proper disbursement of grants.
The high success rates serve as a guarantee for the excellent support provided by our office.
