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← Overview Database of Innovative Social Policies in Europe

Call for proposals to support job creation investments

Country of implementation
Hungary
General short description of the innovation
The non-refundable subsidy supported investment in infrastructure, purchase of machinery, equipment, technology, and the acquisition of real estate. The amount of the investment subsidy for a new job was 0.8 million HUF, 1 million HUF if the vacancy was ?lled by an unemployed person, and 1.2 million HUF in disadvantaged regions if an unemployed person was hired for the job.
Target group
Total Population
Policy Field
  • general fiscal
Type of Policy
  • public
Duration of the policy
2004
Scope of innovation
  • Scope: temporary
  • Spatial coverage: national
General description of (intended) objectives and strategies
The main objectives of the government with the current measure was to promote job creation and employment opportunities, and to promote adaptability to changes on the labour market so that both employers and employees can respond in a flexible way to economic challenges. The intruduced non-refundable subsidy for investment in infrastructure that involves job creation were serving these purposes. / / The non-refundable subsidy supported investment in infrastructure, purchase of machinery, equipment, technology, and the acquisition of real estate. The amount of the investment subsidy for a new job was 0.8 million HUF, 1 million HUF if the vacancy was ?lled by an unemployed person, and 1.2 million HUF in disadvantaged regions if an unemployed person was hired for the job. The beneficiary accepts to maintain the job created with the subsidy for 3 years. / / http://econ.core.hu/file/download/HLM2005/TheHungarianLabourMarket_2005_onefile.pdf, p129 /
Nature of the innovation-short-term perspective
Job creation
Nature of the innovation-long-term perspective
Promote job creation and employment opportunities, and to promote adaptability to changes on the labour market.
Type of ideal-typical strategy for the innovation
  • others (activation/ job creation)
Type of innovation
  • new policy, practice or measure
New outputs
  • subsidies/tax-credits (non-refundable subsidy for investment in infrastructure that involves job creation)
Intended target group
Companies
Working age population
  • employment situation (unemployed are favoured)
Employers-private institutional actors
companies
Actors involved in policy-making/implementation and/or evaluation
  • beneficiaries/users (newly employed)
  • central state
  • private for-profit organisations (commercial)
Intended output
  • subsidies/tax-credits (non-refundable subsidy for investment in infrastructure that involves job creation)
Did the innovation have any outcome related to job quantity?
increased job creation
Intended and unintended outcomes
n.a.
Clarification of outcomes in terms of impacting resilience and labour market inclusion
The intruduced non-refundable subsidy for investment in infrastructure that involves job creation had the objective to promote job creation and employment opportunities, and to promote adaptability to changes on the labour market.
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