NextGenerationEU
Project: “Support for the transition to a circular economy” under the Economic Transformation Program of the National Recovery and Sustainability Plan
“Milton” OOD has concluded a contract for the financing of an investment proposal for grant funding BG-RRP-3.008-0480 dated 21.06.2024 under the Economic Transformation Program of the National Recovery and Sustainability Plan, co-financed by the European Union through the European regional development fund BG-RRP-3.008 “Support for the transition to a circular economy in enterprises”.
The overall goal of the project proposal is to increase the competitiveness and develop the potential for sustainable growth of “Milton” OOD through investments in circular solutions to reduce the resource footprint of the enterprise’s activities. The implementation of the project activity will contribute to achieving the objective of the procedure: accelerating the transition to a circular economy by providing grants to enterprises from the production sector to introduce circular models for the use of resources and the implementation of climate-neutral methods and technologies for production and consumption of the products of their activities.
Under the project, activities will be carried out to acquire new technologies, through which circular models will be introduced in the enterprise and which will lead to the diversification of the product range of “Milton” OOD.
Expected results of the project are: introduced circular models in 5 directions, increased resource efficiency, optimized production costs and implementation of innovative products. The implementation of the investment proposal will meet the enterprise’s need to bring its activities to a more sustainable, resource-efficient and environmentally friendly model, thereby achieving the project’s goals: increasing competitiveness and developing the company’s potential for sustainable growth.
The expected effect: transform the production process by moving to circular models to increase resource efficiency. Additionally, the investment under the procedure complies with the requirements of the principle of “doing no significant harm” to the environment and will contribute to the ecological transition of the country.
Total value of the project: BGN 454,000.00, of which BGN 227,000.00 is a grant
Duration of the project: 18 months.
This document/publication has been produced with the financial support of the European Union – NextGenerationEU. The sole responsibility for the content of the document lies with the final recipient and under no circumstances can it be assumed that this document reflects the official position of the European Union and the CIS.