About the Social Entrepreneurship Programme

Business Start-Ups

Companies whose mission is to benefit the society – to support and involve in the labour market residents subject to the risk of poverty and social exclusion, to remediate environment, as well as other goals aimed at social benefit – until 2022 have access to EU financial support by the way of grants amounting to EUR 12 million. It is planned that grant financing will be available to more than 200 projects.

Information of Ministry of Welfare for the candidates of the programme

The amount of the grant for one entrepreneurship project is frome EUR 5,000 to EUR 200,000
Grant may be received both for starting and expanding of the social entrepreneurship
An important prerequisite: business idea should be viable, with significant long-term social influence
In order to apply for the grant, the company should have the status of the social company by registering with the register of social enterprises
Programme is implemented by the Ministry of Welfare in cooperation with ALTUM
Programme financing is provided as de minimis aid.

Programme is regulated by Cabinet Regulation No. 467 of 11.08.2015. "Implementation Regulations for 9.1.1.3 measure "Aid to Social Entrepreneurship" of 9.1.1 Specific Aid Goal "To Increase Inclusion in the Labour Market of Unemployed Persons Being in a More Unfavourable Situation" of the Activity Programme "Growth and Employment"

Contact our consultant for more information

Andrejs Buharins
andrejs.buharins@altum.lv 67774230

BlindArt, Andrs Hermanis

Loan To Start A Business

For future entrepreneurs and newly established enterprises

Micro Loans

For micro enterprises and individual merchants

Loans for Business Angels Co-financed Projects

For business start-ups, small and medium-sized enterprises

Seed and Start-Up Venture Capital Programme

For innovative business start-ups with high growth potential

Accelerator Funds Programme

For business start-up teams