The Fund of Funds (FoF) has announced a procedure for selecting financial intermediaries to implement the debt instrument Loss Portfolio Guarantee The total public resource is BGN 93.5 million, distributed in four separate positions. The funds are provided under the "Competitiveness and Innovation in Enterprises" (CIE) 2021-2027, co-financed by the European Regional Development Fund and the state budget.
The financial instrument is structured in the form of a guarantee that will cover up to 80% of the risk on an individual loan and between 20 and 25% at portfolio level. The selected intermediaries will provide resources to form loan portfolios amounting to nearly BGN 500 million.
The support is intended for companies investing in Industry 4.0 technologies, including the implementation of standards, improving cybersecurity, and developing software and digital applications. The maximum amount of support for small and medium-sized enterprises is up to BGN 2.4 million, and for companies with medium market capitalization – up to BGN 4 million, provided in the form of investment and working capital financing, as well as financial leasing.
Eligible final recipients are SMEs and large enterprises registered or operating in Bulgaria.
Small and medium-sized enterprises will be able to benefit from both the financial instrument and the non-repayable financial assistance under the procedure "Introduction of Industry 4.0 technologies in enterprises" provided by the Managing Authority of the CIE 2021-2027. The two funding sources aim to support and complement the same investment/project.
The FoF aims to select intermediaries – credit or financial institutions – through which support will be provided to increase the digitization of enterprises in the country.
The deadline for submitting documents for participation in the procedure for selecting financial intermediaries is November 13, 2025, and the documentation and conditions for application can be found at the following link: https://app.eop.bg/today/512945
