21 C
Meeting
Monday 27 January 2025

New regional aid for small businesses

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The permanent commission of the Region voted on October 11 to implement a new investment aid system for very small Reunion Island businesses..

Its objective is, via a subsidy for small investments, to facilitate the completion of projects by reducing the final cost of the investment and reducing the risk to be borne by banks on the possible financing of the remainder payable.
In complementarity with European aid, it will support small businesses with a maximum of ten employees, in the craft sectors, catering and retail. The eligible base of the investment program must be between 5,000 and 20,000 euros excluding tax.. The subsidy rate is set at 50%, at 60% for projects carried out in the Eastern microregion as part of territorial rebalancing.
The permanent commission validated the commitment of an envelope amounting to 2 million euros for the deployment of this system

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