The State Shared Service Centre (RTK) has announced changes to the application conditions for the South-East Estonia Business Development Grant. The new rules are designed to make it easier and more flexible for entrepreneurs in the region to apply, helping boost local business growth.

One of the key updates is the reduction in the required self-financing rate. Instead of the previous 50%, applicants now only need to contribute a minimum of 30% of their own funds. In addition, the list of eligible activities has been expanded. Alongside purchasing production equipment, entrepreneurs can now apply for support in marketing and product development.

According to an RTK spokesperson, these changes were made in response to feedback from previous applicants. “We want South-East Estonian entrepreneurs to have better opportunities to grow their businesses and stimulate the region’s economy,” the representative stated.

The South-East Estonia Business Development Grant plays a vital role in strengthening the local economy. With the updated and more inclusive conditions, the goal is to attract a wider range of applicants and support more diverse projects that contribute to the area’s development.

Find more info: https://rtk.ee/kagu-eesti-ettevotluse-arengutoetuse-andmine-2021-2027