EU Structural Funds

Both local and foreign businesses, having decided to expand their activity into the Lithuanian market, can apply for EU Structural Funds support. The support is provided to three categories of projects submitted by either public or private applicants: public projects, business investment projects and companies’ research and technological development projects.

In comparison with the EU financial support for the years 2004-2006, when Lithuania received EUR 895 m, the EU support for Lithuania for the period of 2007-2013 is more than six times larger — approximately EUR 7 bn.

 

Structural Funds Support in 2007-2013	%
Operational Programme for the Development of Human Resources	13.8
Operational programme for Economic Growth (10% will be allocated to scientific research and technological development of competitiveness and growth of the economy)	45.72
Operational Programme for the Promotion of Cohesion	39.08
Operational Programme of Technical assistance	1.4

The Lithuanian Business Support Agency is a public institution established by the Ministry of Economy of the Republic of Lithuania to manage and administer financial assistance provided by the EU Structural Funds. Both public and private entities are invited to approach the agency to apply for EU Structural Fund support. 

For more information on Lithuanian Business Support Agency and EU Structural Funds support please visit www.lvpa.lt

The Support Foundation European Social Fund Agency seeks to ensure the efficient administration of projects financed by the European Social Fund in Lithuania. Financial support is available for businesses to train and educate employees, promote lifelong learning, develop innovations in companies, etc. 

For more information on Support Foundation European Social Fund Agency and the European Social Fund please visit www.esf.lt

Also additional information on EU Structural Support for Lithuania is available here