If you’re an SME in Martinique looking to create, expand, or diversify your operations, this support scheme can provide substantial financial assistance. Grants can cover up to 30% of eligible costs for tangible and intangible investments, with a maximum of €60,000. Additional incentives are available for priority sectors and activities. While the application process is not specified, you can find more details through the official document provided by Collectivité territoriale de Martinique (CTM).

Objectives

This scheme aims to bolster entrepreneurial initiatives that generate added value and sustainable employment. It focuses on enhancing the financial structure of companies, particularly micro-enterprises, and fostering an environment conducive to economic modernization. By supporting viable projects, it seeks to reduce project failure rates and promote innovation and economic transformation.

Beneficiaries

The support is targeted at SMEs as defined by current European standards, which includes various legal forms. Eligible companies must demonstrate a sound financial situation and be up to date with their tax and social obligations. Specific sectors such as artisanal trades, commerce, and social economy are included, while larger enterprises may not qualify.

Eligible operations

Eligible operations include:

• Creation of new businesses
• Expansion of existing operations
• Diversification of production activities

These activities must align with the objectives of fostering sustainable economic growth and innovation.

Eligibility conditions

Key conditions for eligibility include:

• Must be an SME as per European definition
• Financial stability and compliance with tax and social obligations
• Projects must demonstrate potential for job creation and economic impact in Martinique.

Grant amount

Grants cover 30% of eligible costs for tangible fixed assets (excluding rolling stock) and intangible assets, capped at €60,000. Additional increases of up to 25% may apply for priority sectors and activities. Other support includes 50% of project implementation assistance fees (up to €5,000) and 35% of project setup and monitoring fees (up to €2,000).