Are you sure?

SMEs get Ft 12 billion a year in government grants

A total of 4,800 small and medium-sized businesses received government grants worth Ft 12 billion in 2003, daily Népszabadság reported. The companies used the grants to help fund projects worth more than Ft 30 billion. The projects created 15,000 new jobs. Last year, the central budget allocated a further Ft 12 billion to SMEs. In addition, 508 businesses received Ft 3.7 billion from the EU-backed economic competitiveness programme which started last year.