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Brussels: much more money to support businesses

The Operational Programme Enterprise and Innovation for Competitiveness (OP PIK), which will be distributing grants in 2014-2020 period to Czech entrepreneurs, should have much higher funds allocation. Preliminary plans indicate that instead of CZK 91.4bn that has been distributed until now, it will work with a new budget of CZK 132.5bn. EU will cover 85 percent of the budget, the remaining 15 percent will come from Czech sources. Support will be directed mainly to small and medium-sized businesses; they can get a larger number of projects ready.