Andorra la VellaThe seventh edition of the Andorra Business grants has granted aid to 34 small and medium-sized companies in Andorra for a total value of 156,466 euros. Finally, of the 40 applications submitted, 34 (85%) were granted, which will use the amount to provide 41 services. This year there was a match of 180,000 euros and 86.93% (156,446 euros) has been sold after passing the corresponding validation filters.
The director of Andorra Business, Judit Hidalgo, recalled that “more than 65% of the beneficiary companies in 2024 invoice less than 350,000 euros a year. Our subsidies want to help companies in the country that may have more limitations to be more competitive and resilient.”
By sector, the most numerous beneficiary companies have been those related to health and well-being, IT and education. As for the most requested services, they have been for advice on obtaining ISO voluntary certifications, international promotion plans, development and certification of products for international marketing and specialized studies on new lines of business, among others.
Thus, the most prominent subsidized services are advice to obtain ISO and other voluntary certifications, with nine services (22%) and an amount of 50,088 euros; international promotion plans with seven services (18%) and 27,766 euros; international promotions and promotion tools, with six services (15%) and 16,208 euros; contracting of spaces in international fairs, with four services (10%) and 18,341, euros and development and certification of products for international marketing, 4 services (10%) and 11,928 euros.
In recent years, Andorra Business has allocated more than one million euros in subsidies that nearly 300 companies in the country have been able to enjoy.