STYL SRL is the beneficiary of the project "INCREASING THE COMPETITIVENESS OF STYL SRL THROUGH THE PURCHASE OF EQUIPMENT" code SMIS 323879, financed through the South-West Oltenia Regional Program 2021-2027 (AM PR SV Oltenia), PRIORITY 1 - Competitiveness through innovation and dynamic enterprises SPECIFIC OBJECTIVE 1.3 - Intensifying sustainable growth and competitiveness of SMEs and creating jobs in SMEs, including through productive investments, 1.4 - Developing skills for smart specialisation, industrial transition and entrepreneurship, Fund: European Regional Development Fund.
The financing contract was concluded with the South-West Oltenia Regional Development Agency, as the Managing Authority for the South-West Oltenia Regional Program 2021-2027 (AM PR SV Oltenia).
The total value of the project is 4,703,992.92 lei, of which the non-reimbursable financing amount is 2,871,983.22 lei, and the EU co-financing amount is 2,441,185.74 lei.
The general objective of the project is to strengthen STYL SRL's market position through technological development and modernization in a competitive field identified in the South-West Oltenia Region's Smart Specialization Strategy, namely in the manufacture of jewelry and similar articles from metals and precious stones, an objective that falls within the general objective of the South-West Oltenia Regional Program.
The specific objective of the project is as follows: SO 1. Increasing production capacity and diversifying activity through new products and new processes.
Expected results:
Increasing the production capacity and diversifying the activity of STYL SRL by providing equipment. Achievable through:
the purchase of 89 pieces of production equipment,
two software programs specific to the activity,
a heat pump system,
4 photovoltaic pillars, necessary for the flow of the activity,
staff training activities,
internationalization activities,
business modeling and partnership creation activities,
interregional cooperation activities.
The project implementation period is 12 months, between November 20, 2024, and November 20, 2025. The place of implementation is the municipality of Râmnicu Vâlcea, 4B Matei Basarab Street, Vâlcea County, cadastral numbers 52614-C1 and 52613-C3.
MANAGEMENT AUTHORITY
SV OLTENIA REGIONAL PROGRAM
The content of this material does not necessarily represent the official position of the European Union, the Romanian Government, or the Managing Authority for the South-West Oltenia Regional Program 2021-2027.
