site.btaBulgarian Businesses to Get BGN 170 Mln for Modernization Through Two Fund of Funds Programmes

The  Fund Manager of Financial Instruments in Bulgaria (Fund of Funds) announced here on Monday the launch of market consultations for structuring two financial instruments for equity and quasi-equity financing. The total public resource exceeds BGN 170 million, co-financed by the European Union under the Competitiveness and Innovation in Enterprises Programme (CIEP) 2021–2027.

The High-Risk Digitalization Projects Fund will manage a total of BGN 96.5 million, of which BGN 41 million will be in the form of non-repayable grants.

The Digitalization Fund will have a total value of BGN 76.5 million, with BGN 11 million also provided as grants.

These instruments will support companies at various stages of development in the development and implementation of Industry 4.0 technologies. The goal is to digitally transform Bulgarian enterprises and support the rapid adoption of digital technologies to boost their competitiveness.