CzechInvest received 69 applications for investment incentives last year
8. 2. 2019 | Source: Business and Investment Development Agency (CzechInvest)
With the support of incentives, firms plan to invest nearly CZK 35 billion in the Czech Republic.
CzechInvest received 69 investment-incentive applications in 2018. This involves investment projects in the aggregate value of nearly CZK 35 billion, which should create 5,107 new jobs. This represents a decline in comparison with 2017, when firms submitted 83 applications.
Investment incentive applications in the period 2013-2018
Mainly Czech and foreign firms that are already operating in the Czech Republic applied for support for their projects. Eleven cases involved completely new investments. Large enterprises predominated among the applicants, whereas 16 applications were submitted by small and medium-sized enterprises. CzechInvest registered the largest number of applications in May and December, as ten investors applied for financial aid in each of those months.
The Moravia-Silesia and Ústí regions are the intended destinations of the largest number of investment projects, with twelve and nine, respectively, comprising more than a quarter of all projects. Investors want to implement four investment projects in the Most-Joseph and Ostrava-Mošnov special industrial zones, where 233 new jobs should be created thanks to investments in the combined value of CZK 1.7 billion.
A large majority of those applying for support for their projects comprises firms in the manufacturing industry, particularly metalworking and metallurgy, as well as vehicle manufacturing and rubber and plastics. Five firms want investment investments to support the establishment or expansion of a technology centre, repair centre or software-development centre.
Last year, 77 investment projects, some of which had been submitted in previous years, received the decision that they would be able to draw investment incentives in the Czech Republic in the future. This involved investment projects in the total value of more than CZK 43.6 billion with the expected creation of 4,746 new jobs. The investors will be able to obtain from the state investment incentives in the maximum value of CZK 10.34 billion for those projects.