Name: GREEN investeringssteun by VLAIO
Funding period: 2023-2024, applications until end 2025 or budget exhaustion
Objective: Support transition from fossil fuels to green energy and improve energy efficiency
Beneficiaries: SMEs, large enterprises, and vzw with economic activity
Funding type: Public subsidy from Flemish government
Recurring grant with ongoing application window
Eligible: Enterprises (SMEs and large) and vzw with economic activity
Must have or establish operational establishment in Flemish Region
Must have acceptable legal form (e.g., NV, BV, CV, VOF, vzw with commercial activity)
Excludes enterprises in difficulty and those with >50% government ownership (with exceptions)
If in EBO Vlaanderen target group, must have joined energy policy agreement
Enterprise size defined by European SME criteria
Greening: replacing fossil fuels with green heat, cold, electricity, green/blue hydrogen, rest heat/cold
Energy efficiency: specific improvements in core production processes exceeding standard technologies
Excludes investments in primary agriculture, fisheries, aquaculture, standard technologies, building-only or vehicle fleet investments
Investments must exceed legal requirements
Both new and replacement investments eligible
Investments must exceed standard technologies
Must comply with sustainability criteria (e.g., RED III for biomass)
Project description and detailed Excel budget required
Eligible technologies include renewable heat sources, green/blue hydrogen, electrification
Excluded technologies include PV panels, wind turbines, non-compliant biomass
Minimum project cost: €50,000
Maximum subsidy per enterprise: €1,000,000 total during GREEN period
Eligible costs: engineering, investment (depreciated ≥3 years), installation
Excludes operational, study, and infrastructure costs
Subsidy calculated on ecological additional cost compared to standard investment
Payment in two installments of 50% each after approval and proof of expenses
Applications accepted until end 2025 or budget exhaustion
Project start earliest first day of month after application submission
Project must start within 12 months after approval
Project must complete within 3 years after approval
Extensions possible with ministerial approval
Investments must be maintained and exploited for at least 5 years post-completion
Must comply with Flemish and European environmental and energy regulations
Investments must exceed legal obligations
Subsidy exempt from corporate tax
Must provide status of environmental permits
Must comply with energy policy agreements if applicable
Two-step application: pre-application meeting and online submission
Required documents: project description, detailed budget, enterprise size determination
Evaluation based on five criteria detailed on VLAIO website
Free advisory support available
Submission via VLAIO online portal
Cannot combine subsidy with other public supports for same costs
Higher subsidy rates for projects with higher cost-effectiveness
Supports Flemish climate and energy transition goals
Focus on environmental sustainability and innovation beyond standard technologies
Maximum grant size per enterprise €1,000,000
Focus on Flemish industrial enterprises
New regulation effective from July 2024