4 November 2020 – European Union will offer EUR 770 000 for private sector development in Cahul and Ungheni focal regions. A broad grants’ program dedicated to existing firms, start-ups, and social entrepreneurship initiatives from both regions was launched by the EU4Moldova: Focal Regions Programme, financed and strategically guided by EU and implemented by UNDP and UNICEF.
Altogether 28 companies from Ungheni and Cahul Focal Regions will benefit this year from grants of EUR 15 000 – 30 000 each. The financial assistance can be used to purchase equipment, goods, works and services to expand the business, create new jobs and increase the attractiveness of key regions for new investments. The program will go along with freeof-charge mentorship, trainings, and coaching to foster entrepreneurial culture in the focal regions. The detailed contest conditions and the application forms are available on the webpages www.eu4cahul.md and www.eu4ungheni.md. The deadline for submitting the applications was 30 November 2020.
The entrepreneurs from Ungheni and Cahul regions were able to submit an application for the following categories:
State enterprises or companies established by local governments are not eligible for this competition.
This is the first call for grants dedicated to entrepreneurs from Cahul and Ungheni regions organised under EU4Moldova: Focal Regions Programme. The next call for private sector from the focal regions will be launched in 2021. The total value of grants for the business sector in the Cahul and Ungheni regions that will be awarded in the period 2020-2024 as part of the program is about EUR 1.7 million.
“EU4Moldova: Focal Regions” Programme (2019-2024) supports smart, inclusive and sustainable social-economic development in Cahul and Ungheni regions to ensure better standards of living for citizens. The Programme has a total budget of EUR 23 million, is financed by the European Union and implemented by the United Nations Development Programme (UNDP) and the United Nations Children’s Fund (UNICEF).