Estonia Incentive for Large-Scale Investments Set for Launch

Written By Hickey Team

New Estonia incentive for large-scale investments set to launch in March 2025

In 2024, the Estonian government and Enterprise Estonia announced a new incentive program for large-scale investments, set to run from 2025 to 2028 with a total budget of €160 million. Signed by Estonian Minister of Economic Affairs and Industry Erkki Keldo in early February 2025, which will be managed by Enterprise Estonia, is expected to begin accepting applications in March. 

SNAPSHOT

  • Estonian government signs large-scale investment incentive, set to launch in March.

  • The program scheduled to run from 2025 to 2028 and with a total budget of €160 million.

  • The program aims to increase the competitiveness, export capacity, and added value of businesses operating in Estonia.

  • Select investments starting from €100M will be eligible for a reimbursement of up to 15% of their value.

  • The Estonian government estimates that roughly two projects will benefit from the measure annually, with an average investment of €200M per project.

  • Application round set to open in March 2025.

EVALUATION CRITERIA

  • Eligible projects for the investment incentive include:

    • The minimum investment threshold must be at least €100 million.

    • The project should create at least 30 new jobs in Estonia offering salaries at or above the sector average.

POTENTIAL VALUE

  • The scheme enables Estonia to reimburse investors for up to 15% of the value of a major investment.

  • The incentive will be paid out to investors post factum, with the earliest possible disbursement in 2026, up to €20 million per project.

CONNECT WITH THE HICKEY’S INCENTIVES TEAM

Contact us for more specifics, including eligibility criteria, application details, and funding requirements to be prepared for the application opening in March 2025. If you’d like our support throughout the application process, we are here to help!

Hickey Team

Hickey & Associates makes learning about commercial site selection easy. We share information in writing and through videos and images, covering topics like grants and incentives advisory, location strategy, and supply chain logistics. Our team helps you find the best places for your business, get financial benefits, and make your supply chain work better. We are here to make complicated things simple and beneficial for your business's growth.

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