Financial aid for first-time participation in a trade fair or exhibition for craft and commercial SMEs

This page was last modified on 10-11-2017

The financial aid scheme for SMEs aims to promote the creation, takeover, development, conversion, modernisation and rationalisation of small and medium-sized businesses in the craft or commercial sector.

This financial aid scheme also provides aid to SMEs taking part in a trade fair or exhibition for the first time, allowing them to cover the additional costs of renting, setting up and managing their stand.

Applications for financial aid are to be submitted to the General Directorate for SMEs and Entrepreneurship at the Ministry of the Economy.

Forms / Online services

Carry out your procedure:

Who is concerned

This aid is intended for small and medium-sized businesses in a craft or commercial sector and holding a business permit granted by the General Directorate for SMEs and Entrepreneurship (Direction générale PME et Entrepreneuriat) within the framework of a first participation in a trade fair or exhibition.

The costs must relate to the rental, set up and management of an exhibition stand.

The aid may be extended to liberal professions subject to a business permit.

However, businesses carrying out certain specific activities are not eligible for the aid scheme.

Prerequisites

To benefit from SME investment aid, the business must:

  • be established in Luxembourg;
  • offer sufficient guarantees in terms of viability;
  • hold a business permit granted by the General Directorate for SMEs and Entrepreneurship;
  • not have previously taken part in a trade fair or exhibition;
  • be soundly managed, and;
  • actively contribute to and form part of the country's economic structure.

Duration and deadlines

Aid must be requested, on pain of ineligibility, within a period of 2 years from the date of payment of the expenses for which aid is requested.

How to proceed

Submitting the application

Applicants must submit a duly completed application for financial aid for SMEs (demande d'aide en faveur des classes moyennes), by post to the General Directorate for SMEs and Entrepreneurship.

Aid is paid out after completion of the investment programme and on presentation ofinvoices and proof of payments (e.g. bank statements).

Amount of financial aid

Aid is provided in the form of a capital grant or interest relief and can amount to a maximum of 50 % of the expenses incurred, subject to a limit of EUR 100,000.

Accumulation rules

Financial aid available to craft or commercial SMEs for first-time participation in a trade fair may be combined with a loan from the national credit and investment institution (SNCI) provided that the total rate of financial aid does not exceed the stated maximum limits.

SME investment aid may not be obtained in addition to other aid granted by the Ministry of the Economy.

Repayment

Beneficiaries must reimburse all or part of the aid received if they transfer or dispose of the investment financed with said aid within 10 years following the investment.

Who to contact

Ministry of the Economy

B.P. 535 - L-2937 - Luxembourg
Luxembourg
Phone: (+352) 247-84712 (Luc Zuang)
Fax: (+352) 247-74701
Email luc.zuang@eco.etat.lu