Estonian companies can still apply for various support (grant) programs for the implementation of their ambitious development plans. It was recently revealed that the Ministry of Economic Affairs and Communications plans to provide non-self-financing loans to industrial companies to improve the automation of the industry.
The aim is to encourage companies to invest in equipment and their management systems to add value. “The prerequisite for getting a loan is to have a development plan that ensures that it is a wise investment and that the equipment is not bought simply because the loan is favourable. The purchase must be reasonable, the equipment used efficiently, and it requires the least amount of human resources to add value to the company while keeping the number of employees,” said Rami Morel, chief specialist of the economic development department.