The seventh edition of the Andorra Business grants has provided aid to 34 small and medium-sized companies in Andorra, totaling 156,466 Euros. Out of 40 applications submitted, 34 (85%) were approved, with the funds allocated to 41 services. This year, the available budget was €180,000, of which 86.93% (156,466 Euros) was used after passing the required validation filters.
Judit Hidalgo, director of Andorra Business, noted, “Over 65% of the companies benefiting in 2024 have an annual turnover of under €350,000. Our grants aim to help businesses in the country with more constraints become more competitive and resilient”.
Grant Distribution by Revenue:
By sector, the most numerous beneficiary companies operate in Health and Wellness, IT, and Education. The most requested services were related to ISO voluntary certification consultancy, international promotion plans, product development and certification for international commercialization, and specialized studies on new business lines, among others.
Highlighted Subsidized Services:
In recent years, Andorra Business has allocated over 1 million Euros in grants, benefiting nearly 300 companies in the country.
Tuesday, September 5th 2023