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Industry Support Fund

Here you will find all the information about the support measure for industrial companies in the canton of Vaud.

In a nutshell

As part of the package of measures announced on 4 November related to the COVID-19 pandemic, the Vaud Council of State decided to reactivate the industry support fund, initially created in 2016, for an amount of CHF 20 million.

Intended for industrial SMEs impacted by the pandemic, it aims to strengthen the competitiveness of Vaud's industry in a difficult economic context. Supports will take the form of non-repayable grants to support investment projects (innovation, production tools, training of technical staff, digitalization, etc.) and security deposits for companies experiencing cashflow difficulties. To qualify as eligible, companies must be registered as industrial (according to NOGA nomenclature), with production facilities in Vaud, and able to justify a proven decline in their business.

The measure is scheduled to come into effect on 1 January 2021.
 

Info Webinar

Wednesday 16 December 2020 at 3 p.m.
Event password: industrie

What are the requirements?

Companies wishing to submit an application must meet all the following eligibility criterias:

Production

Owning a production facility located in the canton of Vaud

Business Model

Be listed in section "C - MANUFACTURING INDUSTRY" of the Nomenclature générale des activités économiques (NOGA) 2008

Finances

Encounter obvious financial difficulties due to COVID19 but is not currently in over-debtedness, in the process of bankruptcy or liquidation.

Non-repayable grant

To what end?

  • Investments in production facilities (acquisition or renewal of equipment/machinery)
  • Optimisation, automatization or digitalization of production means and processes
  • Reearch and new porducts/technology development
  • Development of new markets or distribution networks
  • Hiring and training of employees related to a new industrial, technological or commercial development


How much?

  • Project with an investment cost of CHF 1 million or less:
    up to 50% of the total project cost but max. CHF 100'000

    For example :
    Investment cost (CHF 200'000)
    50% equals CHF 100'000
    => within the maximum authorised limit of CHF 100'000

    Investment cost (CHF 900'000)
    50% equals CHF 450'000.-
    => maximum authorised CHF 100'000

     
  • Project cost with an investment of more than CHF 1 million:
    up to 10% of the total project cost but max. CHF 200'000

    For example:
    Investment cost (CHF 2'000'000)
    10% equals CHF 200'000
    => within the maximum authorised limit of CHF 200'000.-

    Investment cost (CHF 5'000'000)
    10% equals CHF 500'000
    => maximum authorised CHF 200'000.-

Process

Submission

Through an online platform available from January 1, 2021

Assessment

You receive a notification. Your submission will be reviewed as soon as possible

Notification

Once reviewed, you receive a positive or negative support decision

Financing

Once your project is finished, you are free to request the funds

Security Deposits

To what end?

Temporary cash flow issues

How much?

  • Security deposit can cover :
    up to 100% of the bank loan but max. CHF 500'000 per project and entreprise
  • "Arrière–cautionnement" can cover :
    up to 35%  of the amount guaranteed by Cautionnement romand but max. CHF 500'000 per project and per company


Procedure

It is necessary to contact your bank first

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Questions ?

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