A vital support for small and medium-sized businesses
The recent Andorra Business grant call has been a resounding success, with 34 small and medium-sized enterprises receiving a total of 156,466 euros in grants. Out of a total of 40 applications, this program has managed to approve 85% of the requests, which will be used to finance 41 different services.
A year of great demand and resources
With an initial budget of 180,000 euros, the fund has been practically exhausted, with 86.93% of the available resources already distributed among the selected companies. Judit Hidalgo, director of Andorra Business, highlighted the importance of this aid for companies operating with annual revenues of less than 350,000 euros, stressing that the support is aimed at those with the most difficulties in competing in the market.
Analysis of subsidies by billing period
The distribution of aid reveals a diverse panorama among the beneficiary companies. Those with an invoice of less than 50,000 euros are the ones that have received the most aid, followed by those operating in a range of 150,001 to 350,000 euros. This variety demonstrates the program’s commitment to the sustainability and growth of small initiatives.
Details of invoicing assistance
Below are the amounts granted by billing category:
– New creation: 2 companies (5.88%) – €9,600.00
– From €0 to €50,000: 9 companies (26.47%) – €35,319.90
– From €50,001 to €100,000: 3 companies (8.82%) – €14,600.00
– From €100,001 to €150,000: 1 company (2.94%) – €4,720.00
– From €150,001 to €350,000: 8 companies (23.53%) – €32,520.00
– From €375,001 to €600,000: 1 company (2.94%) – €6,000.00
– From €600,001 to €1,300,000: 5 companies (14.71%) – €25,501.60
– From €1,300,001 to €1,500,000: 1 company (2.94%) – €6,000.00
– From €1,500,001 to €3,000,000: 4 companies (11.76%) – €22,204.60.
The most benefited sectors
Companies operating in the fields of health, welfare, information technology and education have been the most favored by this aid. The services they have requested most frequently include advice for ISO certifications, international promotion strategies and feasibility studies for new business projects.
Most prominent subsidized services
The services that have obtained the most funding include:
– Advice to obtain voluntary ISO and other certifications: 9 services (22%) – €50,088.00
– International promotion plans: 7 services (18%) – €27,766.00
– International promotions and promotional tools: 6 services (15%) – €16,208.20
– Hiring of spaces at international fairs: 4 services (10%) – €18,341.60
– Development and certification of products for international marketing: 4 services (10%) – €11,928.00.
A positive impact on the national economy
Over the years, Andorra Business has invested more than one million euros in subsidies, benefiting nearly 300 companies. These investments are essential to foster a robust and dynamic business ecosystem that can face the challenges of the future.
Access to information
For more details about the subsidies, you can consult the resolution published in BOPA through this link: https://www.bopa.ad/Documents/Detall?doc=ADI_2024_12_13_14_03_27.
