ADAPT programme covers SMEs and micro-enterprises

05/18/2020

Incentives have been created to support companies in complying with new requirements, safety rules and procedures and protection of workers and customers.

Support for the adaptation of economic activity to the requirements of the COVID-19 context

With the gradual recovery of the economy and the gradual opening of business, incentives were created to support companies in meeting the new requirements, rules and procedures for safety and protection of workers and customers.

The ADAPT programme, recently published in the context of micro-enterprises, has now been extended to SMEs.

The objective is to support companies in the effort of adaptation and investment in their establishments, adjusting the methods of work organization and relationship with customers and suppliers to the new conditions context of the COVID 19 pandemic, ensuring compliance with established standards and recommendations of competent authorities.

ADAPT SMEs

Beneficiaries:
SMEs of any kind and in any legal form.

Support:
50 on eligible expenditure (non-reimbursable grant) for expenses between €5,000 and €40,000.

Applications:
Applications are open.

Notes:
The project shall not be commenced on the date of submission of the application and shall have a maximum duration of six months from the date of notification of the favourable decision, with the deadline for 31 December 2020.

ADAPT Microenterprises

Beneficiaries:
micro-enterprises (with < 10 employees and with VN or total balance sheet of less than EUR 2 million).

Support:
80 of the eligible expenditures (non-reimbursable grant) for expenses between €500 and €5,000.

Applications:
Applications are open.

Notes:
Expenses may be retroactive on March 18.
The project shall have a maximum implementation duration of six months from the date of notification of the favourable decision, with a deadline of 31 December 2020.

Eligible expenditure (SMEs and Micro-Enterprises):

Costs of reorganizing and adapting workplaces and/or layout changes in the context of COVID-19 disease, namely hygiene, safety and physical distancing measures;
Acquisition and installation of hygiene equipment and automatic disinfectant dispensing;
Acquisition and installation of automatic payment devices, including those using contactlesstechnology;
Acquisition and installation of other control and physical distancing devices;
Costs with the acquisition and placement of information and guidance, including vertical and horizontal signage, inside and outside the spaces;
Contracting of disinfection services of the premises, for a maximum period of six months;
Acquisition of specialized consulting services for the redesign of the layout of the facilities and for the preparation of business contingency plans and good practice manuals;
Acquisition of specialized consulting services for the adaptation of the business model to the new challenges of the context following the covid-19 disease pandemic (SME applications);
Initial costs associated with application domicile, initial adherence to electronic platforms, initial subscription of applications under software as a serviceschemes, creation and initial publication of new electronic content, as well as inclusion or cataloging in directories or search engines;
Expenditure on the intervention of certified accountants or statutory auditors in the validation of the expenditure of payment applications.

How can Moneris help?

At a time when the focus of managers and entrepreneurs is on preparing and adapting their business to return to active assets, Moneris’ Corporate Finance team is committed to helping its clients resume their activity with the support and incentives available that fit their needs and context.

For these types of incentives, the early preparation of the application and necessary elements is essential, as these are often limited funds and made available in order of entry of applications.