The EIC is once again opening an application round for resource efficiency investments in companies

16. August 2018 | 15:13

On 15 August, the Environmental Investments Centre (EIC) opened the second application round for resource efficiency investments in companies. The purpose of the support is to increase the resource productivity of Estonia’s mining and processing industry undertakings via the adoption of innovative solutions. Support is granted for making investments in resource efficient solutions, including the best possible equipment, resource management systems and IT-applications for supporting those systems.

‘While the target group of companies had previously been limited to five subsectors, in the round that is now open, all companies whose main area of activity falls within the mining and processing industry can apply for resource efficiency investments,’ said Veiko Kaufmann, Director of the EIC, noting the changes that had been made.  

‘In a few weeks the EIC will be opening a separate support programme in support of smaller volume investments,’ said Siim Umbleja, Manager of New Services in the EIC’s Development Unit. He continued by stating that small and medium-sized enterprises in particular are welcome to apply. ‘We will definitely issue a separate announcement regarding this round, but we call on enterprises to already begin planning their investments’.

A prerequisite for both rounds, as was the case with the preceding round, is that a broad based resource usage audit must have been carried out within the enterprise, in support of which the EIC opened a support programme in the autumn of 2016. As of today, a total of 67 companies have already taken advantage of the opportunity. During the course of the analysis, possibilities for resource conservation are identified within the enterprise and their cost-effectiveness is assessed.

In the round opening on 15 August, the maximum share of investment support among eligible costs is 50% per project, while the actual percentage of support depends on state aid regulations. The maximum amount of support for one enterprise is EUR 2 million. 

During the application round applications may be submitted continuously and the round is open until 30 June 2019 or until the exhaustion of the EUR 35 million budget. The conclusion of the round will be announced on the EIC homepage and national media. Submission of applications takes place via the E-toetuste environment. Additional information on the application round can be found on the EIC homepage or from Siim Umbleja (627-4197, siim.umbleja [at] kik.ee).

The support programme will be discussed in greater detail at the state economy conference Kulud Tuludeks, taking place from 17-18 September at the Tallinn Creative Hub.

The total budget of EUR 108 million for resource efficiency investments is supported from the measure Enterprise Resource Efficiency, which was developed by the Ministry of the Environment. The project is being financed with funds from the European Union Regional Development Fund.

Background information

As of today, a total of 24 enterprises have received investments support in the amount of EUR 21 million, and the sum invested in industry exceeds EUR 75 million. For example, AS Tootsi Turvas acquired a hammer crusher to better utilise production waste in the form of peat stumps; AS Klaasimeister acquired a modern glass tempering furnace in order to reduce the amount of defective products and to improve energy efficiency; and AS Kiviluks acquired a new crushing line and washing line in order to save fuel and to utilise low value production waste generated during mining.