The EU4BusinessRecovery project funded by the EU and the German government has launched a public call for project proposals in the metal and wood-processing sectors in Bosnia and Herzegovina. The project will ensure business continuity for small and medium-sized enterprises that have been affected by the COVID-19 pandemic. In addition, the call will support the creation of start-up companies.

The overall funding available through this call is €3 million while the funding amount per project is €48,000. The funding will be available for activities including the implementation of industry standards, purchase of state-of-the-art energy efficient machinery, dual or multi-source strategies in purchasing, development of a market entry strategy, and digital marketing innovation.

The EU4BusinessRecovery project was launched at the beginning of this year to support micro, small and medium-sized enterprises in Bosnia and Herzegovina to continue their business activities and preserve jobs. The total value of the project is €13.7 million, jointly funded by the European Union (€13 million) and the German government (€0.7 million euros). EU4BusinessRecovery is jointly implemented by GIZ (the German Corporation for International Cooperation), the International Labour Organization, and the United Nations Development Programme, and runs from 2021 to 2023.