North Macedonia launches EUR 22 million grant scheme for green businesses

North Macedonia’s Agency for Innovation, Scientific and Technological Development and Entrepreneurship has launched a grant program for small and medium businesses for environmental and sustainable investments.

The project for supporting green businesses with grants in the period 2026-2030 is worth EUR 25 million, of which EUR 22 million is for the subsidies, according to the Agency for Innovation, Scientific and Technological Development and Entrepreneurship – INOVA.

Companies can receive from EUR 5,000 to 300,000 if they secure 20% to 50% of their investment, depending on the type of project.

The European Union approved EUR 18 million, and the rest is covered by the Government of North Macedonia.

At least 300 companies are expected to receive grants

INOVA anticipates supporting at least 300 companies, focusing on micro, small, and medium-sized firms – particularly in the manufacturing sector, but also businesses in other sectors. The program intends to support businesses that can help reduce CO2 emissions and waste, and increase the use of renewable energy sources, especially solar power, INOVA underscored.

Through public calls, companies will be able to apply for technical and advisory support, standardization, and financial support for purchasing equipment, introducing new technologies, and developing new products.

The first public call is expected around mid-year.

Earlier, INOVA said that the project would combine three instruments: for green startups, with grants of up to EUR 40,000, green modernization, at up to EUR 150,000 per beneficiary, and transformation of industrial systems, with subsidies of EUR 300,000 apiece.

Dimovska: A step towards an economy that thinks long-term and acts responsibly

INOVA CEO Daniela Dimovska said that the initiative provides financial and expert support to companies that invest in sustainable, ecological, and innovative solutions.

This is not just the launch of a project, but a step towards an economy that prioritizes long-term vision and responsibility, Dimovska stressed.

Mickoski: Green transformation is not a cost

Prime Minister Hristijan Mickoski underscored that the project’s goal is to support the country in meeting the climate neutrality goals outlined in the Green Agenda for the Western Balkans, by strengthening the private sector and promoting responsible and sustainable business practices.

The green transformation is not a cost, but an investment in a stronger economy, a healthier environment, and a higher quality of life for citizens, added Mickoski.

According to the EU’s Ambassador to North Macedonia Michalis Rokas, the program will encourage innovation and the use of green technologies by small and medium enterprises.

This will propel them into a new phase of development, increasing their competitiveness and better integrating them into EU value chains, Rokas added.