From now on, the amount of information to be provided by project promoters has been significantly reduced: the Innovation Agency will now only require to provide a list of tangible fixed assets instead of a list of all fixed assets; only the project promoter’s key financial indicators will be assessed; and no documents will be required to show that the project promoter has approached other credit institutions and that they have agreed to encumbrances on other assets. In addition, the same evaluation principles will now apply to all project promoters, irrespective of the duration of their operation.
For more details on these and other administrative burden reductions, as well as on the procedure for pledging EU-funded assets and the prohibition of encumbrances on such assets, please refer to the Guidelines on the consent to pledge or otherwise encumber assets acquired and developed with EU funding for the 2021–2027 funding period, adopted by the Public Institution Innovation Agency.
The Innovation Agency intends to submit proposals to the Central Project Management Agency (CPMA) to amend the guidelines for the 2014–2020 funding period accordingly. This would simplify the project management process and avoid confusion between the guidelines for different funding periods.
