UAB Danspin — a Danish-owned carpet yarn manufacturer in Raseiniai — has partnered with ProBaltic Consulting for over a decade. Across three generations of projects between 2011 and 2024, around €2 million was secured: a production and R&D investment, two employee training projects, and renewable energy deployment.
The challenge
A foreign investor building production in a Lithuanian region had to align three investment tracks at once: production capacity, workforce qualification, and — as energy prices climbed — renewable energy for the plant itself.
What we did
ProBaltic Consulting accompanied every stage: the application for the carpet yarn production facility with its R&D unit, two employee training projects as the workforce grew, and the renewable energy deployment — handling application drafting, project administration and procurement documentation throughout.
Why this matters for foreign investors
Danspin is the reference case for what EU funding looks like from a foreign investor’s perspective in Lithuania: a locally registered subsidiary qualifies as a full applicant, and a decade-long funding roadmap — production first, people second, energy third — compounds. Each funded stage strengthened the next application’s track record.
The result
Approximately €2M in grants across four projects over thirteen years: a working production base with an R&D unit, a trained workforce, and on-site renewable energy reducing exposure to electricity prices. One consultancy relationship, three investment generations, zero equity given up.
Planning a similar project? We assess eligibility free of charge within 1–2 business days, and our fee applies only to funding you win. See the current major EU funding calls in Lithuania or contact us.