REI Grup, one of the most active consulting companies specialized in attracting non-refundable funds through European funds or state aid in Romania, has successfully submitted investment projects worth over 1.2 billion RON (about 250 million euros ) through the “InvestALIM” financing program, managed by the Ministry of Agriculture and Regional Development (MADR), through the Agency for Financing Rural Investments (AFIR).
Held between October 27 – December 27, 2023, session 1 of the “InvestALIM” financing program made available to potential beneficiaries around 150 million euros for investments, where companies specialized in the food sector could apply for non-refundable support in the development of planned investments.
In September AFIR published the updated list of eligible applicants, where, out of a total of 37 companies – eight are projects successfully managed by the REI team, with the total value of investments exceeding the threshold of 1.2 billion RON.
Moreover, out of the total of more than 1.2 billion RON represented by the investment projects of the eight companies in REI’s portfolio, more than 750 million RON (150 million EUR) represents the amount of state aid requested.
REI’s clients are companies specialized in the food industry, in sectors such as bakery production, meat, milk or sugar cane processing.
The total value of investments forecasted by the 37 companies eligible for financing amounts to over 4 billion RON (over 800 million EUR), while the amount of state aid requested amounts to over 2.3 billion RON (over 450 million EUR ).
Although the authorities initially announced this financing program with a total non-refundable support of only 150 million euros per year – for three distinct sessions, currently, notifications have been sent regarding the selection for financing of all the companies declared winners, and they will be funding agreements are issued in 2025 and 2026.
“We also congratulate the Ministry of Agriculture for the initiative and openness to sustainably finance the processing industry in Romania, both through the InvestALIM program, and for the reallocation of 500 million euros on DR-22, an axis also intended for the processing of agricultural products, sectors in which Romania has a negative balance in the trade balance”, said Roxana Mircea, Managing Partner REI Grup.
The “InvestALIM” state aid scheme aims at regional development by establishing or developing production capacities in the food industry, by granting the necessary state aid to stimulate investments with a major impact on the economy.