13.11.2024/64
Amendment to the Decree on Project-Based State Aid for Investments
In the Official Gazette dated 11.11.2024 and numbered 32719, the Decree Amending the Decree on Granting Project-Based State Aid for Investments was published.
The amendments made by the said Decree are summarized below:
1. The phrase “the provisions of this paragraph shall not apply to the applications to be made to benefit from project-based supports within the scope of the Technology Oriented Industrial Move Program” in the second paragraph of Article 4 regarding the application and the documents to be sought in the application has been repealed. The 4th paragraph of the same article has been amended as follows
“The other paragraphs of this Article shall not apply to investment applications that may be evaluated under the Technology-Oriented Industrial Move Program. The application processes specific to this Program are carried out within the framework of the procedures and principles to be determined by the Ministry.”
Accordingly, the procedures and principles regarding the application processes within the scope of this program will be determined separately.
2. Minimum fixed investment amount The minimum fixed investment amount has been increased from fifty million TL to one hundred million TL for investments supported under the Technology-Oriented Industrial Move Program, and from one billion TL to two billion TL for other investments. For other investments, R&D expenditures are also included in the amounts that can be taken into account in the evaluation.
3. Regarding energy support, the phrase “in the event that it is determined on site that partial operation has started, energy support can be provided in proportion to the ratio of the actual machinery and equipment amount to the machinery and equipment amount stipulated in the investment incentive certificate.” has been repealed. Thus, the limit for granting energy support during the investment period will be applied as 50% of the energy support determined.
4. With the amendment made regarding the criterion that the integrity of the investment has been ensured in order for the investment to be considered completed, investment expenditures made by benefiting from the supports provided by KOSGEB, TÜBİTAK or other public institutions and organizations or with the company’s own resources, provided that they are deemed appropriate by the Committee, can be evaluated within the scope of ensuring the integrity of the investment subject to the investment incentive certificate.
You can access the relevant Decision here.
Sincerely,
BİLGENER
