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EU Regional Policy helps SMEs to invest in innovation

(20 May 2014)

EU Regional Policy helps SMEs to invest in innovation

During his visit to Salzburg on 20 May, Commissioner for Regional Policy, Johannes Hahn, visited the enterprise UNTHA in Kuchl/Salzburg which used successfully regional funds for investing in innovation.

The SME, specialised on shredding technology, invested 12 Mio EUR in total (EFRE, including national co-financing and private investment) in the construction of a centre of technology as well as in measures to increase the energy efficiency of the enterprise. With the investments, 30 new jobs could be created and the training for the workers could also be improved.

Commissioner Hahn stated: "SMEs are the backbone of the European economy. I am happy to witness this concrete example of how structural funds can contribute to increasing the competitiveness of SMEs by providing them with the financial means to invest in innovation, new technologies and energy efficiency. UNTHA is a best practice example which shows how SMEs can successfully concentrate their investments on our strategic objectives to the benefit of their enterprise, employees and the region as a whole".

 

Pictures: © UNTHA shredding technology