Both local and foreign businesses, having decided to expand their activity into the Lithuanian market, can apply for EU Structural Funds support. The support is provided to three categories of projects submitted by either public or private applicants: public projects, business investment projects and companies’ research and technological development projects.
In comparison with the EU financial support for the years 2004-2006, when Lithuania received EUR 895 m, the EU support for Lithuania for the period of 2007-2013 is more than six times larger – approximately EUR 7 bn.
|Structural Funds Support in 2007-2013||%|
|Operational Programme for the Development of Human Resources||13.8|
|Operational Programme for Economic Growth (10% will be allocated to scientific research and technological development of competitiveness and growth of the economy)||45.72|
|Operational Programme for the Promotion of Cohesion||39.08|
|Operational Programme of Technical Assistance||1.4|
Source: Ministry of Finance of the Republic of Lithuania, www.finmin.lt
EU Support for Business Development
EU Structural Funds are available for business development in Lithuania. Altogether, 7.3 billion EUR have been allocated to Lithuania for the period of 2007-2013. Enterprises may apply for between EUR 43,000 and EUR 5.8 million in support for developing their business projects. The aid intensity can be from 40 % to 70 % of the eligible costs. EUR 3.3 billion have been designated for the Operational Program for Economic Growth.
The Operational Program for the Economic Growth is oriented at:
- Direct assistance to R&D and innovations;
- Favorable conditions for business and innovations;
- Information society for everybody;
- Transportation network;
- Energy supply networks.
The Operational Program for the Development of Human Resources is oriented at:
- Employment and more flexible jobs;
- Systems of lifelong learning;
- Capacities of researchers and scientists;
- Improvement of public administration.
The Operational Program for the Cohesion Promotion is oriented at:
- Urban infrastructure of municipalities;
- Diversifying of activities in rural areas;
- Labor market institutions;
- Educational institutions;
- Energy efficiency.
Micro, small and medium enterprises as well as larger companies established in Lithuania may apply for the non-refundable EU support for the following innovation-oriented activities:
- Technical feasibility studies
- Business development and optimisation strategies
- Scientific research projects
- Technology development and modernization
- Development of infrastructure and assets
- Project to increase energy consumption efficiency
The Lithuanian Business Support Agency is a public institution established by the Ministry of Economy of the Republic of Lithuania to manage and administer financial assistance provided by the EU Structural Funds. Both public and private entities are invited to approach the agency to apply for EU Structural Fund support.
EU Support for Staff Training
Micro, small and medium enterprises established in Lithuania may apply for the non-refundable EU support for general (training involving tuition which is not applicable only or principally to the undertaking of the employee’s present or future position) and specific (training involving tuition directly and principally applicable to the undertaking of the employee’s present or future position) staff training.
The aid intensity can be up to 60 % of the eligible costs for general training and up to 25 % of the eligible costs for specific training. The support may be increased up to a maximum aid intensity of 80 % of the eligible costs as follows: by 10 % if the training is given to disabled or disadvantaged workers or if the aid is awarded to medium sized enterprises, and by 20 % if the aid is awarded to small enterprises.
The Support Foundation European Social Fund Agency seeks to ensure the efficient administration of projects financed by the European Social Fund in Lithuania.