Gov't calls another tender to support companies hit by Brexit

Government

The government will call another tender, on January 17, for grants for companies hit hard by the departure of the United Kingdom from the European Union, Minister of Foreign Affairs and Trade Péter Szijjártó said in a message on Facebook on Tuesday, according to a report by state news wire MTI.

Grants will be capped at HUF 2 billion, and funding intensity will be set at 70% for microbusiness and small companies, 60% for mid-sized enterprises and 50% for big companies, Szijjártó said. The money can be used to purchase equipment, make infrastructure or real estate developments, acquire production licenses or know-how, make IT upgrades or improve energy efficiency, he added.

He noted that a similar tender had been called in the fall, when 37 companies were awarded a combined HUF 10.2 bln in grants to support HUF 19 bln of investments. 

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