The companies will also benefit from 12 days of business coaching. Most projects are proposed by a single SME but some companies team-up to elaborate a project.
The European Commission received 960 project proposals under Phase 2 by the third cut-off date for 2015 on 17 September. The success rate for this cut-off is 3.4 %, amounting to total project costs of € 55.3 million.
Italian SMEs were the most successful with 10 beneficiaries who will receive € 12.7 million in total, closely followed by 9 Spanish SMEs who will share € 13.5 million.
Since the launch of the programme on 1st January 2014, 311 SMEs have been selected under Phase 2 of the SME Instrument.
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