More than €14 Million will be Available for Business & Innovation Development co-funded by Norway

14 July 2020

On the 14th of July, 2020 the Norwegian Ministry of Foreign Affairs and the Ministry of Finance of the Republic of Latvia signed the Agreement on the implementation of the Norway Grants programme "Business Development, Innovation, Small and Medium Enterprises" in Latvia.

The programme will be carried out by the Investment and Development Agency of Latvia (LIAA) as a Programme operator and will provide an opportunity for enterprises to attract co-financing of 35% to 70% of the eligible costs of the project for the implementation of green technologies and innovations. The total grant for "Business and Innovation" programme is €14.7 million, including Norway Grant for an amount of €12.5 million and national co-financing - €2.2 million. The programme is being implemented by LIAA till 30 April 2024. 

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