EU GRANTS FOR STARTING A BUSINESS

EU grants for setting up a business in 2023 are the ideal option for those who want to start their own business but do not have sufficient start-up funds, or who wish to use their existing capital for another purpose. Unfortunately, Poles’ knowledge of EU funding and how grants work is very limited, which is why we explain below the most important points regarding EU grants for starting your own business in 2023.

EU funding: EU grants for your own business in 2023

Running one’s own business is attracting an increasing number of people. For many aspiring entrepreneurs, however, raising start-up capital is a problem. Of course, there are business loans and credits available, but such commitments carry significant risk. A far better option is to secure funding to set up a business, which is becoming increasingly popular amongst those planning to start a business. Why? Primarily because EU grants for setting up a business in 2023 enable larger investments to be made, and even allow a business to be launched with minimal capital. Their primary aim is to boost the competitiveness of SMEs, reduce unemployment, activate economically inactive people and those at risk of social exclusion, enhance research and innovation potential, and promote the use of advanced technologies, as well as industrial and entrepreneurial transformation.

EU grants for setting up a business in 2023: what you need to know

EU grants for setting up a business in 2023 are a non-repayable form of financial assistance aimed at people who wish to start their own business. Of course, EU grants for setting up a business do not need to be repaid only if the beneficiary has spent the funds in accordance with the application. Support from the European Union for starting one’s own business is available to people who are not currently in business, including, above all, those in a difficult professional situation and those at risk of social exclusion – the European Union strongly supports the economic activation of citizens of its Member States. So who is eligible for EU grants to set up a business in 2023? Primarily, unemployed people aged 30 and over and residents of areas with high unemployment rates. In addition, people with disabilities, women returning to work after maternity leave and people aged 45 and over can also apply for EU grants to start their own business in 2023.

What can EU grants for setting up a business in 2023 be used for?

Beneficiaries may use funds from the 2023 EU grants for setting up a business to purchase fixed assets, including property, software, premises equipment, materials and raw materials, as well as to pay for services such as IT, advertising, legal or consultancy services. Prospective entrepreneurs will also be able to use these funds to finance courses and training, provided, of course, that the programme allows for this. It is worth noting, however, that this year funding is primarily available for:

• the automation, robotisation and mechanisation of businesses,   
• research into new products and services,
• exports and advertising by businesses,
• reducing production costs and environmental impact,
• introducing new products and services to the market.

What you can spend EU grant money on for your own business in 2023 depends on the programme.

What EU grants are available for setting up a business in 2023

EU grants for setting up a business in 2023 are distributed by individual institutions to specific provinces and regions, which means that the availability of EU funding varies across different parts of the country. Furthermore, not every business can count on support from EU funds.

How to secure EU grants for setting up a business in 2023

Contrary to what one might think, securing an EU grant for setting up a business in 2023 is not particularly difficult. However, it is worth considering the possibility of obtaining funding well in advance and not leaving it until the last minute. The process of receiving funding is not the quickest. The first step towards securing a grant is to find a programme from which you can receive funding. You then need to complete the application form and submit it by the relevant deadline. After that, all you need to do is wait for your application to be assessed and for a response. However, completing the application form may prove too difficult for someone with no experience in this field. In such cases, it is worth using the services of companies specialising in assisting with EU grant applications.

Where to look for EU grants to set up a business in 2023

The first step towards obtaining an EU grant for your own business in 2023 is to search for programmes from which you can receive funding. Where can you find information on EU funding? EU grants for setting up a business in 2023 are listed in the Grant Finder. Those interested in an EU grant to set up a business in 2023 can also contact the European Funds Information Point.