What is a subsidy?
It is a direct and non-returnable payment of a certain amount granted to an economic entity to achieve a specific business goal. There are specific regulations that have to be fulfilled to receive a donation. Activity that is a subject of subsidy is strictly defined. Received financial resources have to be spent on the purpose specified in the contract.
Subsidy does not cover the whole cost of an investment, it defrays only a part. Each EU program is subject to individual accounting rules, and the amounts and scope are determined by the budget act.
The most popular forms of financial support are:
• Targeted subsidies
• Subsidies for special purpose funds (e.g. Labor Fund, Alimony Fund, PFRON, Social Insurance Fund)
• EU grants
EU funds projects are divided into national, regional and framework programs of the European Union.
Investment subsidies bring a lot of benefits. The most important is gaining the financial support. In the case of CNC field, it is a great opportunity to invest in modern CNC cutting machine with all necessary equipment. In result production processes are more effective and company’s activities portfolio become much more attractive for a client.
Subsidy in CNC industry
• Upgrade your production plant by purchasing cutting machine and equipment
• Trainings for your staff to broaden their knowledge and skills
• Purchase intangible assets such as licences, patents, etc.
• Adapt your industrial plant to the Industry 4.0
• Implement solutions and activities from the field of automation, digitalisation, etc.
Main advantages
• improvement of the company's capital situation, as well as the entrepreneur's creditworthiness
• company restructuration and modernisation is faster
• regional processes of economic development are supported
• financial intermediaries interference is reduced
• huge choice from many different projects
The hardest part of gaining the subsidy is always a necessity of correct fulfilment and completing all required documents. Grant applications often include business plan elements, financial forecast, fund spending plans or indicators that should be achieved with the financial support. There are also declarations on documents that must be submitted to the Regional Financing Institution (eg PARP).
Current available subsidies:
https://www.parp.gov.pl/component/grants/grants/przemysl-4-0
We offer a complex support in a process of gaining financial subsidy for purchase of CNC cutting machine.
