The most important change is that the upper limit of available financing has been increased to HUF 150 million. In addition, the final date for using the facility has also been extended: under the program, the last possible disbursement may be made on 30 June 2029.
The amendments affect not only the loan amount. One important requirement relating to project composition has also been eased: although the project must still include the procurement of equipment, the minimum share of such expenditure has been reduced to 10% of total eligible costs, compared to the previous, stricter requirement. At the same time, in the case of real estate investments, renovation has been removed from the list of eligible activities, while the costs of conversion, expansion and modernization may now account for up to 90% of total eligible costs.
The scope of eligible costs has also been broadened. The amended call now allows the costs of site preparation to be claimed, and services related to the measurement and fulfilment of horizontal requirements, as well as the costs of ensuring publicity, have also been added to the list of supported items. Other costs - such as engineering, expert, ICT and quality assurance services - may together represent up to 7% of total eligible costs.
Another important change is that the assessment of applicants’ previous year operating result is now aligned not with the date of submission, but with the date on which the application is evaluated. In addition, the rules on the number of transactions that may be submitted by a single client have also been amended: a company may have several loans simultaneously under this financing purpose, but it may submit a new application only once its previous application or applications have already been assessed. In addition, the TESZOR list has been expanded with two new items.
Overall, the current changes show that the scheme has become more flexible and more practical for a wider range of investments in Budapest, especially for SMEs planning larger-scale technological or real estate-related developments.
For more information or consulting, please fill in our contact form.