EU funds are an important part of the EU's investment policy, which aims to reduce economic and social disparities between Member States and regions. EU grants and funds are a good solution if your company is planning to innovate its activities, preparing for a major investment in improving its operations, or wanting to become more modern, competitive, energy-efficient or environmentally friendly.
In the current programming period, eligible entities in Slovakia can benefit from almost €25 billion earmarked for post-COVID-19 recovery projects and long-term EU priorities across a range of policy areas.
The EU will provide funding mainly through:
- The Recovery Plan (€6 billion until 2026),
- European Structural and Investment Funds - ESIF (€13 billion until 2029),
- Common Agricultural Policy (€5 billion until 2029),
- the Just Transition Fund (€459 million until 2029).
How we can help you
KPMG services by grant funding phases
1. Opportunity identification
- Monitoring funding opportunities and preparing support schemes
- Screening of project plans
- Evaluating project parameters in relation to the likelihood of success of a potential grant application
2. Grant application
- Coordination with agencies administering grant schemes
- Completion of the application form and its annexes (in liaison with the applicant, if necessary)
- Identifying the most important success factors and common pitfalls when applying for a grant
- Preparation of required expert documents and specific materials
3. Award of the grant
- Setting the framework for operational project implementation and financial management
- Setting up monitoring, reporting to the grant agency and project management (milestones, payment requests and disbursements, distribution of funding, etc.).
4. Project management
- Ongoing assessment of the status and quality of the project's contractual performance in relation to the requirements of the granting agency/funding program. This phase also includes preparation for inspections and audits related to the implementation of the project during its duration and reporting.
Areas of focus
Our areas of specialisation are primarily focused on decarbonisation, energy efficiency, renewables and digitalisation.
Focus
- reduction of greenhouse gas emissions
- primary energy savings
- introducing the use of innovative environmental technologies in industrial production
- reduction of greenhouse gas emissions beyond current EU standards
Financial mechanisms
- Recovery Plan - Component 4
- Just Transition Fund
- Innovation Fund
- Modernisation Fund
Eligible entities
- Public sector
- Private sector (entrepreneurs
Focus
- Energy performance of buildings
- Cogeneration
- Energy efficiency of products
- Transport
- Industry
- Lighting
Financial mechanisms
- Recovery Plan - Component 1, 2, 4
- Equitable Transformation Fund
- Innovation Fund
- Modernisation Fund
Eligible entities
- Public sector
- Private sector (entrepreneurs)
Focus
- the construction of new renewable energy (RES) capacity
- modernisation of existing electricity generating installations
- digital investments in the electricity system
- promote faster, more reliable and cost-effective integration of renewables
Financial mechanisms
- Recovery Plan - Component 1
- Just Transition Fund
- Innovation Fund
- Modernisation Fund
Eligible entities
- Public sector
- Private sector (entrepreneurs)
Focus
- Research and innovation for the digitalisation of the economy
- development and application of top digital technologies
- management, prototyping, testing and deployment of innovations (including product and process innovations)
- transition to a green and digital economy
- Cybersecurity and cryptography
Financial mechanisms
- Recovery Plan - Component 17
- Innovation Fund
- Innovation Vouchers Slovakia
- Creative Vouchers
Eligible entities
- Public sector
- Private sector (entrepreneurs)
Thanks to our experts, you will get an overview of current opportunities for financing of investment plan, help with a project preparation and grant application, or they will advise and help you reduce the cost of an investment from your own resources. Do not hesitate to contact us.