22.06.2023 - LIAA, Support

LIAA launches new programme for supporting digitisation of business processes

The Investment and Development Agency of Latvia (LIAA) has started accepting projects for its new digitisation programme – Support for the digitisation of business processes. The terms of the European Union Recovery and Resilience Facility funded programme stipulate that companies, associations, establishments, and research organisations can receive funding of up to 100 thousand euro for carrying out their digital projects. 

“Digitisation provides ample opportunities for improving and streamlining business operations, so this programme has been warmly welcomed. The support measures have been designed to permit clients to accurately quantify the benefits they have gained from the programme, as a digital maturity assessment will have to be completed both before and after every project,” emphasises Kaspars Rožkalns, the director of LIAA, adding that many entrepreneurs have already expressed great interest in the support tool.

The programme aims to stimulate digitisation in business and to increase productivity. Funds can be allocated to developing, implementing, or transforming digital products, services, applications and processes. The aid is available in the form of a grant, which LIAA will pay out after the project is successfully completed.

More specifically, support will be made available for activities related to digital solutions: in sales, human resources, data and resource management, and the management of transport and logistics systems, production, quality control, ICT security and so on.

Small businesses will be able to apply for grants in the amount of 100%, on the condition that the project’s total cost does not exceed five thousand euros.

A grant of up to 100 thousand euro will be available not only to companies but also to associations, establishments and research organisations. The aid intensity for these grants ranges from 30% to 60% of the eligible project costs. 

Applications now open online

Before submitting a project application to LIAA, applicants must contact the European Digital Innovation Hubs where they can take a digital maturity assessment and receive a roadmap for digital transformation. After completing the digital maturity assessment, the project developer must register on the business development platform managed by LIAA, business.gov.lv, and submit their project proposal.

The total funding allocated for grants within the Support for the digitisation of business processes programme is 37.5 million euro. No fewer than 200 merchants, associations, establishments, and research organisations will receive funding by 30 June 2026. 

The programme is being implemented by the Investment and Development Agency of Latvia in cooperation with the Ministry of Economics and the European Digital Innovation Hubs.

To promote the digital transformation of companies, the Ministry of Economics will implement five support programmes in total, funded by the Recovery and Resilience Facility. Consequently, until 30 June 2026, at least 7000 merchants will benefit from the aid programme. A total of 139.4 million euro will be invested in the digital transformation of businesses and in the development of digital services, skills and capabilities. 

Source: Press release
Photo: Shutterstock

Sign up for newsletters

Stay up to date on the weekly newsletters on recent news and activities.

Subscribe

Sign up for newsletters

Stay up to date on the weekly newsletters on recent news and activities.

Subscribe

Please fill the input fields
Thank you the file has been successfully downloaded
Back