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Business development grants from Europe in the field of clean energy: opportunities for 2024

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Borysuk Natalia Mykolayvna
Lawyer
Ukraine / Volyn Oblast
Borysuk Natalia Mykolayvna

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Publication date: 29.05.2024

Graduated lawyer with experience of more than 7 years with experience in the field of public procurement, civil, administrative law and document drafting, expert in communication and dispute resolution, author of a legal blog and social media.

European grants for business development. Grants for business development 2024 - grants for small business development.

The European Commission has launched a new tool to support both commercial and non-commercial participants in the integration of the energy transition in the EU. This initiative involves organizations from all sectors, including government, non-government and private. Particular attention is paid to projects that are aimed at implementing improved market-oriented clean energy solutions. This requires applicants to present clear market data in their applications, such as planned production capacity, base market and economic feasibility.

Purpose and Priorities of Grants

The main purpose of these grants is to support the activities of key players in the transition to clean energy. This includes the involvement of local and regional representatives and authorities, various energy institutions, energy service companies, financial institutions and energy technology manufacturers from Europe. The priority areas are:

Support local and regional authorities in creating new energy centers to promote the transition to clean energy.
Support of energy service companies in piloting investment solutions for energy renovation of buildings.
Support of financial institutions in the development and marketing of financial products for investments in energy efficiency.
Support of European manufacturers of energy-saving technologies in the deployment of innovative technologies.
Acceptable Costs and Financial Terms
Grants cover land acquisition costs, equipment (including depreciation), project personnel, and procurement costs. The maximum amount of the grant is up to 1.5 million euros, while applicants must provide their own contribution of 40% of the project cost.

Who Can Apply
Applications can be submitted by registered legal entities (public or private) that have sufficient qualificationstion and resources for the successful implementation of the project. It is important that the organization has experience in implementing projects of a similar scale and nature. Applicants must also have a stable financial position, which will be verified on the basis of submitted financial documents, such as a profit and loss statement, a business plan, a financial balance sheet and an audit report.

Business Development Grant 2024. Expected Results and Impact
Grant applications must clearly state the specific outcomes to be achieved and demonstrate the impact of these outcomes on relevant markets and stakeholders.

Expected results should include quantitative indicators such as:

Conservation of primary energy (GW/year).
Final energy savings (GWh/year).
Production of renewable energy (GWh/year).
Reduction of greenhouse gas emissions (tСО2-eq/year).
and other.

Grant from the state for business development. how to get a grant for business development Grant in 2024
To participate in the competition, it is necessary to submit an application by September 19, 2024. The application must meet all the requirements and contain all the necessary information, including a detailed business plan, financial documents and a description of the expected results.

European business development grants provide a unique opportunity for businesses and organizations to make a significant contribution to the transition to clean energy. It is important to carefully prepare for the application, ensure compliance with all criteria and present a clear plan for achieving results. If you have questions or need additional information, contact the consultant by phone: +38 032 226 78 90.

Receiving a business development grant can be an important step towards a sustainable energy future. Do not miss the opportunity to use this program and contribute to the development of clean energy in Europe!

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