Development of an Entrepreneurial Idea in the Field of Mechanical Metal Processing

This project proposal will support the creation of a production site for metal gutters and drainage pipes and their realization on the market. Gutters and drains are the main and most common way to drain roofs and other open spaces. Demand is great, especially in the context of the bull market for the construction industry in Bulgaria over the past 2-3 years. The production will be realized in the town of Velingrad, Velingrad municipality, Pazardzhik district. It includes investments in production equipment, wage and social security costs of the personnel employed, costs of developing the company's website and costs of marketing research and marketing plan. Costs are also foreseen for the purchase of raw materials for production. The total value of the investment amounts to BGN 249 872.00 excluding VAT. The end result of the project is the creation of a sustainable production in the metalworking industry as well as sustainable employment for the entrepreneur and two others, one of whom is a person with permanent disabilities.

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Overview

Status Closed (completion date)
Start date 26 Aug, 2019
End date 26 Feb, 2021
Contract date 26 Aug, 2019
View in UMIS

Financial information

Total cost 240,356.00
Grant 192,284.80
Self finance 48,071.20
Total paid 129,980.00
EU participation percent 85.0%

Location