1 billion for the Lithuanian economy: more than €586 million in contracts already signed
In line with its commitment last year, the Ministry of the Economy and Innovation has launched more than €957.5 million in calls for proposals, for which almost 3,000 companies and institutions have applied. By January, funding agreements had been signed for €586.25 million, of which €145.37 million had already been paid out.
"The successful implementation of the €1 billion plan has brought businesses even closer to modernising their businesses and digitising their services, developing new products and moving towards a climate neutral economy. Last year, we announced 53 calls for proposals and have already signed 568 contracts with companies and institutions. I have no doubt that we will soon see the results of the measures announced," said Aušrinė Armonaitė, Minister of the Economy and Innovation.
Last year, the Ministry of the Economy and Innovation launched 30 calls for €341.6 million in the field of innovation, 13 calls for €330.3 million in the field of renewable energy investments and 10 calls for €285.6 million in the field of digitalisation of the state and business.
Also in 2023, the Ministry of the Economy and Innovation has launched an additional call for €40 million on pollution reduction, in view of the need to tackle climate change. The funding invites companies to introduce energy-efficient technologies to reduce harmful carbon dioxide emissions.
The planned funding for renewable energy deployment has also been tripled, with €31.87 million allocated to 226 industrial companies instead of the planned €10 million, to ensure that all 226 eligible industrial projects receive the requested funding.
The plan also targeted an increase in business, innovation and investment spending on research and experimental development (R&D). It also focused on start-ups and existing businesses.
In the area of digitisation, the focus has been on creating and improving new and existing digital services for businesses and citizens, expanding e-services, making them more accessible to people with special needs and promoting the use of open data.