delloite - grants and incentives

8/10/2019 Delloite - Grants and Incentives

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Grants & Incentives

Obtain support with our support

EU Grants and Incentives in Romania


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These materials and the information contained herein are provided by Deloitte Consultanta S.R.L. and are intended to provide

general information on a particular subject or subjects and are not an exhaustive treatment of such subject(s).

Accordingly, the information in these materials is not intended to constitute accounting, tax, legal, investment, consulting, or other

professional advice or services. The information is not intended to be relied upon as the sole basis for any decision which may affect

you or your business. Before making any decision or taking any action that might affect your personal finances or business, you

should consult a qualified professional adviser.

These materials and the information contained therein are provided as is, and Deloitte Consultanta S.R.L. makes no express

or implied representations or warranties regarding these materials or the information contained therein. Without limiting the

foregoing, Deloitte Consultanta S.R.L. does not warrant that the materials or information contained therein will be error-free or

will meet any particular criteria of performance or quality. Deloitte Consultanta S.R.L. expressly disclaims all implied warranties,

including, without limitation, warranties of merchantability, title, fitness for a particular purpose, noninfringement, compatibility,

security, and accuracy.

Your use of these materials and information contained therein is at your own risk, and you assume full responsibility and risk of loss

resulting from the use thereof. Deloitte Consultanta S.R.L. will not be liable for any special, indirect, incidental, consequential, or

punitive damages or any other damages whatsoever, whether in an action of contract, statute, tort (including, without limitation,

negligence), or otherwise, relating to the use of these materials or the information contained therein.

Contacts

Everard van Steenderen

Partner

Tel.: +40 21 222 16 61Fax: +40 21 319 51 05

E-mail: [email protected]

Rodica Segarceanu

Partner

Tel.: +40 21 222 16 61

Fax: +40 21 319 51 05


Ivo Maryska

EU Grants & Incentives

Tel.: +40 21 207 56 39

Mob.: +40 720 499 914

Fax: +40 21 319 51 05


Radu Kubinschi


Tel.: +40 21 207 53 38

Mob.: +420 730 090 606

Fax: +40 21 319 51 05



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Grants & Incentives is a specialized Deloitte service line dedicated to assisting clients in obtaining the maximum impact from EU

Structural Funds, public subsidies, grant resources, and other economic incentives while minimizing the time and effort involved.

Our Grants & Incentives team assists both recipients and awarding authorities across Europe and the globe in all sectors of industry,

commerce, education and healthcare, both public and private.

Vast Support Resources

National governments and public bodies are increasingly responding to their expressed commitments in commerce and industry.

One area of focus - reinforced by the enlargement of the European Union and its new financial period 2007 to 2013 - is helping

selected domains of the private sector with financial support to advance the public interest. There are currently several hundred

separate sources of grant, incentive or other financial support targeting commerce, industry, the public and non-profit sectors in

Europe. Available monies exceed billions of euro and a large part remains unclaimed. There are vast support resources awaiting

organizations with an appropriate project candidate and able to negotiate their way through the complex grant application and

awarding process.

Numerous Candidates

A vast range of financial subsidies and incentives are available for projects deemed to have a public interest component. The latter

may include those that support the construction of factories, the purchase of technology, R&D, exports, training and employment,

information exchange, know-how development, operational efficiency and new project marketing but they can extend far beyond

these. It is often only when a project is studied in detail that the key argument for support from a particular grant source can be

identified and described. This brochure highlights how Deloittes Grants & Incentives experts address the challenge of assisting grant

applicants.


Its your money use it


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Are you eligible for EU funding?

Grants under Structural Funds and the Cohesion Fund are provided to entities of miscellaneous legal statuses that are registered in

Romania:

Companies

Non-governmental organizations

Public administration (local and central authorities)

The eligible entities are specified in individual calls for applications including the requirements for their size, history, financial health

and areas of operation.

The individual schemes also specify terms and conditions for the projects eligibility, such as the minimum level of investment,

minimum number of newly-created jobs, etc.

How do EU funds get to you?

Application Process for EU Funds

Do you want to benet from EU funds?

Since becoming a member of the European Union, Romania benefits from a broad variety of EU funds, amounting

to EUR 19,2 bill. in the period between 2007 to 2013.

EU Structural Funds and the Cohesion Fund for Romania 2007 to 2013 EUR 19,2 billion

Acceptance

of the grantagreement

Approval/rejection of

project bythe grantauthority

Checking ofthe formalessentials andacceptabilityby the grantauthority

Submis-sion of theapplication

form withappendicesto the grantauthority

Preparationof a businessplan, feasi-bility studyand financialplan

Selection ofthe properprogramme &adjustmentsto its priori-ties

Definition

of theproject


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What are the conditions for EU funding?

Large sums of public resources demand thorough managing and control systems.

EU funds projects are:

Project based:This implies the preparation of project applications including relevant plans, studies and analyses.

Aligned and support the key performance objectives:

They are traceable back to the general objectives of the EU regional and cohesion policy such as high employment, economic growth

and competitiveness.

Co-nanced:

The overall rate for Romania is 85 percent EU resources + 15 percent national or private co-financing. For private entities the

maximum levels of the co-financing rate may be expected between 20 and 50 percent.

Controlled:The beneficiary is bound to declare his co-financing and his ability to pre-finance expenses of the project; the grant authority has

access to all activities of the project.

Administratively demanding:

Management of the project includes regular reporting, thorough and separate accounting, alignment to publicity, certification and

other rules.

What steps do you need to take?

Applicants should consider the following preparatory steps:

Activity Months

Analysis of EU funds opportunities / assessment of eligible activities

Technical project and documentation (if relevant)

Environmental impact assessment (if applicable)

Feasibility study (cost-benefit analysis, other analyses/studies)

Completion of application

Duration of project preparation depends on concrete conditions.

EU funds programmes are expected to be open for proposals by the second half of 2007.


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EU funds may support the sale of your goods and services to public institutions

The majority of EU funds resources will be streamlined through public institutions, which will procure goods and services with the

use of Structural Funds and the Cohesion Fund.

Become a supplier to a public beneciary of EU funds by providing:

Construction works of rail, roads, water ways and other transport infrastructure, water treatment infrastructure,

re/construction of buildings supported by EU funds, construction of sports and leisure-time infrastructure, hotels and other

infrastructure in support of tourism.

Supply of goods including furnishing newly constructed premises, schools, hospitals and other EU funds beneficiaries; supplying

diverse overhead expenses, IT systems, computers, electronic devices, etc.

Supply of services development and delivery of training courses and modules for both the public and the private sector,development of HR training systems for companies and institutions, delivery of technical drawings for construction works, analyses

of various nature purposes, certifications, accreditations, etc.

Promoting your products on foreign markets

EU funds may be used to co-finance your companys participation in international exhibitions and

trade fares as well as to produce presentation materials and strategies for you to reach new markets.

Supporting the energy sector and reducing emissions

EU funds may be used to help with the construction of power plants using alternative energy sources,

renew heating systems, or adapt to alternative energy sources.

Real-estates development in urban areas

EU funds may help to realize the complex renewal of brownfields and run-down urban areas including

the recovery of old ecological burdens, the re/construction of buildings for the purpose of research

and the premises of small and middle-sized enterprises including subvention for the subsequent lease

of the premises or the construction of leisure-time and sports facilities.

Investments in waste treatment and reduction in pollution

EU funds may be used to cover expenses for the construction of waste-water treatment facilities,

filters and units reducing air pollution, the recovery of old ecologic burdens, the construction of solid

waste disposals, waste recycling facilities and other measures connected to reducing pollutants in the

environment.


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AmericasUS$10.3 billion

58,200 people

EMEA

US$7.71 billion50,100 people

Asia Pacific/JapanUS$2.1 billion

24,100 people

Nearly 140 countriesAggregate revenues more than US$20 billion

Approximately 135,000 people

Deloitte Touche Tohmatsu Worldwide member firms 2006

We are business people first- We try to understand underlying

strategic operational drivers before attempting to address narrow,

technical issues.

We get things done- We have a bias towards action and results.

Clients tell us repeatedly that they place a great deal of value on our

ability to meet engagement time frames and deliverables.

We do it with you, not to you- We roll up our sleeves and work

side by side with our clients in solving their issues.

We believe managing change and capitalizing on the opportunities

it presents are the essence of success for todays participants in the

emerging Eastern and Central European markets. With the help of our

professionals, clients can seize the opportunities they need to shape a

healthy future.

EU Grants & Incentives departments of Deloitte Central Europe have a network of more than 150 specialists at their disposals from

all over Europe. This provides us with valuable knowledge and experience in utilising EU structural funds utilization. We provide

a valuable combination of both local knowledge and concrete project-based experience from EU countries, which have already

benefited from EU funds in the past. Moreover, our International Co-ordination Centre in Brussels provides us with up-to-date

information on developments in the grants and incentives policy of the European Commission.

The great advantage of our solution is in our intensive transfer of experience with EU Structural Funds from current EU member

states to Romania, which has no experience with EU Structural Funds prior to 1st January 2007.

Why Deloitte?

Deloitte Touche Tohmatsu is an organization of member firms devoted to excellence in providing professional services and advice.We are focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intel-

lectual capital of 135,000 people worldwide, our member firms (including their affiliates) deliver services in four professional areas:

audit, tax, consulting, and financial advisory services. Our member firms serve over 80 percent of the worlds largest companies, as

well as large national enterprises, public institutions, and successful, fast-growing global growth companies.

Estonia

Latvia

Lithuania

Slovakia

Hungary

Romania

Bulgaria

Slovenia

Moldova

Croatia

Macedonia

Czech Republic

Poland

Serbia

Kosovo

Albania

Bosnia-Herzegovina

Bosnia-HerzegovinaRepublika Srpska

Montenegro


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Deloittes goal is to provide top quality professional advisory services in the area of project applications to European Unionfunds.

Services for private sector companies

Analyses of funds opportunities

Definition of projects

Checking eligibility for EU funding

Advisory services in public funding

Preparation of feasibility studies and cost-benefit analyses

Completion of applications for EU grants

Management of grants

Seminars and training courses on EU funding

Co-operation with banks on pre-financing and bridging loans

Our services

One major advantage of the solutions provided by Deloitte is the highly skilled G&I team of experts. You can benefit from our:

New EU Member States Experience

Our experts in Poland, the Czech Republic, Slovakia, Hungary and other new member states of the European Union have

developed valuable recent experience with the applications and management of EU funds since their countries joined the EU in

2004.

Competence

Our team is composed of over 150 specialists focused on the area of EU funds in Central and Eastern Europe, whose experience

ranges across countries, programmes and sectors.

Expertise

We have participated in a variety of projects, gathering valuable experience in the new EU member states over the past years.

Quality

Our teams mission is to meet all the requirements and needs of our clients.

EU-Wide Experience

We benefit from our EU-wide network of experts, including our Brussels office, keeping all members of our team up to datewith the latest developments in EU funds policy and best project practices.


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Deloitte has assisted private companies and public authorities in obtaining EU funding, for example:

A feasibility study and EU funds application for a producer of high-tech bullet-proof glass to purchase new technology, which

helps the producer meet the worlds highest standards of production on polymer-based products. Grant supported the

purchase of technology and related IT technology.

A feasibility study and EU funds application for a high-tech company in the area of industrial fabrics. The grant supported

purchase of materials to produce innovative cord fabrics and geotextiles, salaries of researchers and developers and expenses

connected to protection of intellectual property.

A feasibility study and application for EU funds for a leading IT company to cover salary expenses for training over 100 young

programmers and the development of a technological IT centre.A feasibility study and application for EU funds for a leading hospital supplies and toiletries company for training employees

and the introduction of ISO standards.

A feasibility study and application for EU funds for an eye clinic to train nurses and doctors in the latest trends and in

acquiring new competencies.

A feasibility study and application for EU funds for the complex rehabilitation of a town of Sokolov (in the western part of the

Czech Republic), including the establishment of clusters, solutions for preventing social exclusion, and the introduction of a

tourism strategy.

Complex rehabilitation of an area of a closed surface coal mine in the Czech Republic, including a feasibility study and

applications for EU funds on industrial zones, rehabilitation facilities and technical infrastructure.

A feasibility study for the Budapest Public Waste Management Company examining possibilities of disposing and handling

depot gas arisen in the regional Waste Management Centre in Postazamor.A feasibility study for Schengen Information System II for the European Commission, DG Justice, Freedom and Security.

Management of the URBAN programme, funded by Structural Funds, for the city of Utrecht, Netherlands, aimed at complex

socio-economic restructuring of run-down areas.

A preliminary study for Walloon Minister of Energy regarding the introduction of energy-related concerns in the Structural

Funds programme for the Walloon region for the period 2007 2013.

Our projects

Deloitte also assists public authorities across Europe in each stage of the EU funds policy cycle:

Preparation of the Integrated Operational Programme for the implementation of Structural Funds 2007 to 2013, Ministry for

Regional Development, Czech RepublicEx-ante evaluation of the Operational Programme Human Ressources for the implementation of Structural Funds 2007 to

2013, Ministry of Labor, Poland

Preparation of Operational Programme Competitive Economy (ERDF) for the implementation of Structural Funds 2007 to

2013, Slovak Republic

Assistance to the internal audit directorate and National Fund of the Ministry of Public Finance, Romania

Internal audit of EU funds management for the Ministry of the Environment, Poland

Internal audit of the National Fund of the Ministry of Finance, Bulgaria

Internal audit of the National Fund of the Ministry of Finance, Czech Republic

Preparation of the Structural Funds programme for the Brussels region for the period 2007- 2013, Brussels Regional

Government, BelgiumTechnical Assistance to the European Commission in the field of Structural Fund Policy Measures under Objective 1 in Greece

and Portugal, European Commission DG Regional Policy

Gain an advantage by being assisted by Deloitte, whose team has experience with both public programme design andapplication processes.


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EU funds in Romania 2007-2013

Deloitte assists both beneficiaries and grant authorities in Romania and other EU countries in respect of Structural Funds and theCohesion Fund, which are the major sources of EU grants in the 2007 to 2013 period. EU funds are distributed to their beneficiaries

through operational programmes managed by ministries.

Operational Programme Technical Assistance

Managed by the Ministry of Public Finance

Allocation: EUR 170 mil. / 2007 to 2013

Operational Programme Human Resources Development

Managed by the Ministry of Labor, Social Solidarity and

Family

Allocation: EUR 3,476 mil. / 2007 to 2013

Operational Programme Administrative Capacity

Development

Managed by the Ministry of Administration and Interior

Allocation: EUR 208 mil. / 2007 to 2013

Regional Operational Programme

Managed by the Ministry of European Integration


Operational Programme Increase of Economic

Competitiveness

Managed by the Ministry of Economy and Trade


Operational Programme Transport

Managed by the Ministry of Transport, Constuction and

Tourism


Operational Programme Environment

Managed by the Ministry of Environment and Water

Management



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Deloitte

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Sector 1, Bucharest, 011141

Romania

Tel.: +40 (21) 222 16 61

Fax: +40 (21) 222 16 60

www.deloitte.ro

2007 Deloitte Touche Tohmatsu

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and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing

professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With

access to the deep intellectual capital of 135,000 people worldwide, Deloitte delivers services in four professional areas - audit,

tax, consulting, and financial advisory services - and serves more than 80 percent of the worlds largest companies, as well as large

national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services

are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not

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