Funding mechanisms
10 July 2025
Latvia’s support scheme for tourism product innovation
Funding mechanisms
10 July 2025
Cultural tourism
Health and medical tourism
MICE tourism
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The Tourism Product Development Programme in Latvia offers up to 95% financial support to approved tourism cooperation networks to develop high value-added products and boost the sector’s international competitiveness.
Central Finance and Contracts Agency
Investment and Development Agency of Latvia
Topics
Latvia
Academic / Research and VET Institutions
Cultural and Heritage Organisations
Local Authorities
Networks and Federations / Confederations
NGOs / Non-profits
Regional Authorities
SMEs (a company with less than 250 employees)
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Specific types of tourism
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Cultural tourism
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Health and medical tourism
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MICE tourism
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Mountain tourism
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Transition Pathway Strategic Areas
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Coordinated information on travelling
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Funding and support measures
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Governance of tourism destinations
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Business activities
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Activities of amusement parks and theme parks
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Activities of associations and other organisations supporting tourism
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Air passenger transport
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Camping grounds, recreational vehicle parks and trailer parks
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Events catering and other food services
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Festivals, cultural and entertainment activities
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Gardens and nature reserves activities
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Holiday Housing / Apartments and other short stay accommodation
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Hotel and similar accommodation
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Mobile beverage services
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Mobile food services
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Museums
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Operation of historical sites
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Other
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Other accommodation
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Other amusement and recreation activities
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Other food and beverage services
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Other holiday reservation services
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Other tourism transportation activities
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Rail Passenger transport
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Recreational and sport activities
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Restaurants, cafes and bars (Food and Beverage serving activities)
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Road passenger transport
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Tour operator activities
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Travel agency activities
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Water (sea, coastal and inland) passenger transport
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The Tourism Product Development Programme, implemented by the Central Finance and Contracts Agency (CFCA) in cooperation with the Investment and Development Agency of Latvia (LIAA), aims to support Latvian micro, small, and medium-sized enterprises in creating high value-added tourism products and services. It aims to boost the international competitiveness and export potential of Latvia’s tourism sector.
Eligible entities include approved Tourism Cooperation Networks in the fields of business, health, cultural and nature tourism, which can receive financial support of up to 95% for product development and market promotion. The total programme funding amounts to EUR 6,439,834, with EUR 489,769 allocated for the 1st phase of the project, and EUR 4,925,340 for the second phase.
The programme is open for applications until 31 December 2029 (The original piece available only in Latvian).
#Tourism development #Destination management
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