EU funding is available for all sorts of projects in Romania, and this week we look at funding options for those interested in setting up recreational facilities for tourists in Romania’s villages.
The line 313-FEADR-EU funds, coordinated by the Ministry of Agriculture, finances 85 percent, up to a maximum EUR 100,000, boarding houses in rural areas, of maximum 8 rooms, 1 star. For recreational areas, like pools in rural settings, EU money can cover 85 percent of the costs, up to a maximum EUR 200,000.
The session on this most recent line, will be open to project submissions between April 17 and May 16.
For boarding houses of maximum 15 rooms, three stars, the percentage available is 50 percent-not refundable, up to a maximum of EUR 200,000.
Firms with up to nine employees can apply for funding from this line, as well as registered individuals who declare they will set up a company by the time the project gets the approval.
At least 1,000 sqm of land, or the right to build on it for the next 10 years, is required for new buildings. The applicants must also prepare the architectural project for the building.
The constriction project, equipment for the boarding house, as well as costs for consultants and architects are all counted as eligible costs. VAT it is also eligible starting from this year. The cost of the land it is not eligible.
Requested documents include the proof of the co-financing -a letter of credit or account statement. Applicants have to certify that they have the money to put in this business together with the not refundable funds. They must first make the payments and then recover 85 percent of what they spent from EU funding.
Each village in Romania has a scoring, depending on the tourism potential.
The beneficiaries will have to open the boarding house for business within three years. For three years after a building/project is finalized, it will be monitored by the Management Authority.
By Roxana Mircea
Roxana Mircea is a specialist in non-refundable state aid and in EU- funded projects. She has been working in these areas since 2007 and has coordinated more than 130 such projects. To get in touch with her, e-mail roxana.mircea[at]fonduri-europene.tel