Cap raised to HUF 400 million for SMEs

Cap raised to HUF 400 million for SMEs

Caprica Consulting
2025. október 30. 08:37
The government has doubled the cap on capital investable in a single company under the Demján Sándor Capital Program (DSCP) from HUF 200 million to HUF 400 million. This gives SMEs the firepower to pursue larger projects and accelerate scaling.

What is changing now?

New maximum: HUF 400 million in equity per company. Raising the cap means that, with the same evaluation process, projects up to twice the previous size can be implemented. According to the announcement, since the program launched there have been 115 positive investment decisions, with approved investments exceeding HUF 22 billion - in other words, momentum is strong, and the higher cap will scale this up further.

Program details

  • Total envelope: HUF 100 billion
  • Investment period: from 2025-03-09 to 2026-06-30 (or until funds are exhausted)
  • Target group: Hungarian SMEs with at least 2 fully closed financial years, a minimum of 2 employees, and an average turnover of at least HUF 300 million over the last two closed years (a specific condition applies for trading companies)

Eligible activities

  • Capacity expansion, efficiency improvements, digitalization
  • Green investments, energy efficiency, renewable energy (e.g., solar panels and related equipment)
  • Acquisitions
  • Own contribution to other grants (subject to cumulation rules)

Eligible cost types: construction/renovation, purchase of machinery and equipment, N and O category commercial vehicles, intangible assets. Working capital and operating items up to 50% of the budget (payroll, training, consulting, marketing).

What does the higher cap mean?

  • Larger, single-round financing: the HUF 400 million limit makes it possible to finance more complex, combined developments (capacity expansion + digitalization + energy efficiency) in one go.
  • Faster scaling: the higher limit can increase the average investment amount per decision, enabling more capital to be deployed in less time even if the number of decisions remains unchanged.
  • Financing optimization: alongside the DSCP’s equity-type funding, in some cases it may be worth assessing the inclusion of fixed 3% SME loans as well.

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A címkép forrása: Shutterstock

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