On February 22, applications opened for businesses to join the “e-retail” program under the NSRF. The goal of the program is to subsidize SMEs for the creation or upgrade of an e-shop to support businesses affected by the pandemic.
The program provides 100% funding for the creation or upgrade of an e-shop, up to €5,000 per business.
Who is eligible?
Eligible applicants are medium, small, and micro enterprises in the retail sector that maintain a physical store and had their operations suspended for at least one day from March 18, 2020, onward. Businesses are categorized as:
- Existing, established up to 30.09.2019
- New, established from 01/10/2019 to 07/11/2020
Eligibility requirements:
Businesses must:
– Have retail trade (NACE code 47 and its sub-codes) as their main or highest-earning activity
– Maintain a physical retail store that serves customers
– Have had operations suspended for at least one day from March 18, 2020
– For existing businesses, show at least a 20% drop in Q4 2020 turnover compared to Q4 2019; for new businesses, the turnover drop is considered 100%
– Submit one investment proposal per tax ID
Eligible expenses:
- Servers for hosting e-shop-related software and applications, including accessories (keyboards, monitors, etc.) and necessary OS. IAAS models also accepted
- Desktop/Laptop computers
- Other tech equipment (e.g., network devices, barcode scanners, printers)
- E-shop design, development, upgrade, and management services (must support two languages, be mobile responsive or mobile version, and include order, inventory, and online payment systems). Hosting included
- Development or certification of digital security policy
Applications are open for 31 days—from 22/2/2021 to 24/3/2021.
Trust us with the upgrade or creation of your e-shop.
Our many years of experience and expertise in digital services ensure the best results. We build e-shops that stand out from the competition and deliver immediate sales.
We also handle the drafting and submission of your NSRF “e-retail” funding application.
📞 Contact us at 6983212490 for more information.