2014-2020 EU assistance

Before 2020, major focus and support will be given to research, development and innovation R&D&I (about LTL 1.2 billion), small and medium-sized business development (about LTL 1.84 billion), the enhancement of energy efficiency of industrial enterprises (LTL 80 million), the dissemination of information related to natural and cultural objects (LTL 120 million) and the increase of competence of human resources (LTL 384 million).

The support for R&D&I will cover the most important areas like research, development and innovation, the promotion of clustering, the promotion and spread of innovation, the attraction of foreign direct investment and the enhancement of demand for innovation. 

The new financial period will be different from the previous ones as the support under business instruments will be exclusively granted to small and medium-sized business. In 2014-2020, more of the EU structural support will be granted through financial instruments rather than subsidies. Another distinctive feature of the new period is access to support at more favorable terms for those companies which will be implementing projects in the regions.

In 2014-2020, the support for small and medium-sized business will be focused on the promotion of entrepreneurship, the enhancement of productivity and export (including also private tourism support initiatives) as well as the introduction of eco-innovation.

In addition, considerable focus will be placed on investment through financial instruments (loans, guarantees, risk capital funds, etc.) as this support granting approach is less likely to distort competition. Moreover, this generates the return of funds which may be re-invested in other companies.

During the new period, support to both small and large industrial enterprises will be given seeking to reduce their energy intensity, which is aimed to promote the use of renewable energy resources and the enhancement of energy efficiency of industrial enterprises  as well as carrying out of energy audit and the construction of cogeneration power plants.

Unlike in 2007-2013, when the support was mainly targeted at public tourism infrastructure, in 2014-2020, the support for public tourism will be exclusively aimed to increase awareness about the objects of natural and cultural heritage. The support is planned to be focused on various tourism marketing instruments, designed to promote natural and cultural heritage objects, situated on the national tourism routes, as well as the object marking. The amount planned to be earmarked makes LTL120 million.

During the new period of the EU structural support, the Ministry of Economy will offer support for  implementing projects aimed to raise and develop apprenticeship and sectorial competences as well as create the forecasting and development mechanism of the monitoring of human resources.

Last updated: 23-08-2015