Planning regions with the support of the Ministry of Environmental Protection and Regional Development (VARAM) are organizing the competition “Remigration support measure – business support”, within the framework of which municipalities will implement business support and receive state co-financing from 2024 to 2026. The total funding available in each planning region is €240,000.
According to the findings of the 2016 study by Professor Mihails Hazans of the University of Latvia on the needs of remigrants in order to return to Latvia, support for entrepreneurship and personal business launch would help one third of the respondents. Within the framework of the PAPS pilot project, financial support for the implementation and development of business activities of remigrants is available, with grants provided via a competition procedure. The total amount of funding available for each planning region in 2019 is 40 000 euros and the maximum amount for a single project is set at 10 000 euros. This is determined by the Cabinet of Ministers’ regulation on financial support for ideas of economic activity by the remigrants, which came into force on August 15, 2018.