A kind of capital
Capital / capex subsidy
A share of what you spent on plant and machinery, refunded after the fact. Real money, on a state's timetable.
Capital subsidies reimburse a percentage of qualifying investment once the unit is commissioned and the claim is verified. They are common at state level, where industrial policy is written to attract manufacturing into particular districts and sectors, and they can carry meaningful percentages of a project's cost.
The order of operations decides everything. Most schemes require the application before commissioning, sometimes before the first invoice, and pay after inspection — so a business that builds first and reads the policy later usually finds it has disqualified itself. The claim itself wants invoices, installation certificates and often an engineer's report.
Plan the project as if the subsidy will not arrive, and treat the credit as margin when it does. Units that financed the subsidy into their working capital have regretted it: the timetable is not theirs to control.
On the register
No programme on the register currently provides capital in this form. The register grows one researched scheme at a time — when one lands, it will appear here.