Under the Co-Financing of Processing and Storage Enterprises Component, beneficiaries may receive earmarked funds in the form of co-financing.

To receive co-financing, a beneficiary must satisfy the conditions established by the Program and this Component.

The Component includes the following subcomponents:

• Co-Financing of Processing Enterprises;
• Co-Financing of Storage Enterprises.
  
  

The following shall not be financed under the Component:

• advertising and media placement costs;
• working capital of the enterprise, including operating expenses;
• costs of acquiring a land plot and/or building/structure;
• costs of acquiring an ownership interest in the capital of an existing enterprise;
• costs related to design/project-development work.

The Component is available to a registered entrepreneurial legal entity in which the State holds no ownership interest, participation interest, or shares.

In addition, the potential beneficiary must be registered in:

• the Registry of Farms and Rural Enterprises
• the Registry of Economic Activities of the Legal Entity under Public Law - National Agency of Public Registry

For a project co-financed under the Co-Financing of Processing and Storage Enterprises Component, co-financing of the interest rate applicable to a loan approved under the Preferential Agrocredit for Fixed Assets Component may additionally be obtained.

Geographic Coverage

The Component applies in all municipalities of Georgia, except self-governing cities.

In addition:

• under the Co-Financing of Processing Enterprises Subcomponent, establishment of a new enterprise or modernization/expansion of an existing enterprise for the production of energy-efficient stove(s) shall be financed throughout Georgia;
• under the Co-Financing of Storage Enterprises Subcomponent, a grain storage enterprise may be financed in the cities of Batumi and Poti.