The acceptance of applications under Public Grant Instrument No. 03.1.1-IVG-T-819 Business Consultant LT was suspended on 15 October 2019 as the maximum financing amount available under this call was reached. All the applications received before 15 October have been registered. If there is no possibility to satisfy all the applications submitted for the funds under the instrument, their assessments will be made and decisions regarding the allocation of public grant funds will be adopted, having regard to the date of submission of a particular application, the sequence of its automated registration and the balance of funds available under the instrument.
What are the benefits?
Support of €2,000 to cover the costs of business consultations over a period of 6 months.
What companies are eligible?
Entrepreneurs, micro small, small and medium enterprises that have been operating for up to three years.
What is the maximum amount?
|Eligible applicants||Project promoter’s place of registration||Amount of compensation||Fixed hourly rate of consultations||Consultation topics|
|SMEs in operation up to 1 year||Municipalities of Vilnius, Kaunas and Klaipėda Cities||75 %||
€53.21/hour exclusive of VAT
€63.71/hour inclusive of VAT
|Business planning, taxes and accounting, support to business, sources of business financing, product/service development and sales, marketing, contract execution and management, document drafting and management, HR management, labour law and safety|
|All other municipalities||85 %|
|SMEs in operation between 1 (inclusive) and 3 years
|Municipalities of Vilnius, Kaunas and Klaipėda Cities||65 %||€63.21/hour exclusive of VAT
€75.81/hour inclusive of VAT
|Corporate strategy, operations processes and performance, marketing, corporate image building, corporate finance management, sales and negotiations, investments and sources of financing, legal aspects, project management|
|All other municipalities||75 %|
How does it work?
To make use of the measure you have to submit an application to INVEGA. The list of consultants and consultation topics is available on the website of the Business Consultants Network.
How is the amount of compensation calculated?
Sample calculation: a business has been operating between 1 and 3 years, is registered in the Municipality of Klaipėda City and is charged a fixed hourly rate of €63.21/hour, then for a 10-hour consultation the business shall be reimbursed as follows: 10*63.21*65% = €410.87.
INVEGA will receive information about the number of actual consultations and their duration in hours from the Business Consultants Network.