At the meeting of the Selection Committee, held in Zagreb on 02 December 2024, the financing of 24 Small Projects was unanimous approved as part of the first call of the EmBRACE Small Project Fund (SPF) project that provides financial support to micro and small entrepreneurs within the Interreg VI-A Programme IPA Croatia – Bosnia and Herzegovina – Montenegro 2021-2027.
In 1 Call, entrepreneurs had 3.000.000,00 EUR at their disposal, but given the large number of quality applications, Small Project Fund Beneficiary (SPFB) HAMAG-BICRO has decided to increase the allocation up to 4.100.000,00 EUR.
Out of 62 Small Project applications received, the financing of 24 Small Projects was approved in total eligible costs of 4.811.916,77 EUR, i.e. 4.090.129,24 EUR EU Funds.
Of these 24 Small Projects applications, 18 are Small Projects with 3 partners, 19 Small Projects are with a partner from Montenegro and 22 Small Projects with a partner from Bosnia and Herzegovina.
The list of all approved Small Projects within 1st Call for proposals can be found HERE.
The announcement of the next call within the EmBRACE SPF project is planned for the mid of 2025.