SME Consultancy Services Grant Scheme €1M

SMEs generally have limited in-house resources and competences required to conduct studies to assist them in their decision making
processes to embark on investment initiatives, and assess their growth and competitive potential. This deficit presents a high dependency on external consultancy services.

In this context, this grant scheme was designed to facilitate access to external consultancy services, in order to address the lack of expertise within SMEs.

The measure will support SMEs by part-financing expenditure incurred for consultancy services procured from external consultancy service providers registered with the IB under the scheme.

Consultancy Services shall not be of a continuous or periodic nature nor relating to the undertaking’s usual operating costs, such as routine tax consultancy services, regular legal services or advertising or related to the legal and regulatory obligations arising from the nature of the undertaking’s operations and economic activity.

Maximum Grant capped at €4,000, part-financing eligible expenditure up to 80%.

The grant scheme shall be administered and managed through an open rolling call.

Eligible Actions

External consultancy services shall be procured to support the decisiontaking process, by assessing and evaluating:

  • the potential of the beneficiary of re-engineering the organisation, operations, processes and systems of the Undertaking aimed at rendering it more efficient, resulting in the development an Organisation and Operations Review, or a Process and Systems Review; and
  • he potential of the undertaking, to undertake proposed investments aimed at the future potential business growth of the undertaking and at rendering it more competitive through any of the following: 
    • the economic exploitation of new ideas,
    • expansion in the capacity of the establishment,
    • diversification of the activity of an establishment,
    • diversification in the output of an establishment,
    • fundamental change in the overall production process of the establishment,
    • development of new or improved products, processes and systems,
    • investment in new or improved products, processes and systems,
    • organisation innovation,
    • process innovation,
    • the internationalisation of products and services,
    • the entry, establishment and expansion into new markets,
    • the introduction, upgrading and integration of e-commerce solutions enabling online selling by the undertaking.