The Action is designed to drive business extroversion throughout the region of Crete by supporting the active participation of businesses in trade fairs across Greece, the EU, and beyond.

 

Action in detail

The public expenditure for the Action amounts to €2,000,000.

Each participating investment plan is eligible for a subsidized budget of up to €90,000, designed to facilitate participation as exhibitor in at least two professional trade fairs. Within this framework, funding can cover up to €30,000 for domestic exhibitions and up to €45,000 for international exhibitions.

Investment plans may include a combination of participation in both domestic and international exhibitions. In the event of investment plans with a budget over € 90,000, the excess amount will be considered as a 100% private participation for the implementation of the plan. In this case, although the excess cost is not subsidized, the entire investment project, including the excess cost, is subject to assessment and monitoring-control. 

 

Existing small and micro enterprises which, prior to the electronic submission of the funding application, meet the following criteria:

  • They operate with a minimum of two (2) fully completed fiscal years prior to submitting their funding application.
  • They are substantially active (Main Activity Code or Activity Code with the largest revenues) in at least one (1) eligible sector. 
  • They are availed of the eligible investment Main Activity Code(s) in line with the requirements of the specific call.
  • They are already producing/processing the products to be exhibited.
  • They have eligible Main Activity Codes related to the products/services they intend to promote through their participation in exhibitions.
  • They operate exclusively under one of the following forms of business:
    Sole Proprietorship, General Partnership (O.E.), Limited Partnership (E.E.), Limited Partnership (E.E.) by Shares, Limited Liability Company (E.P.E./Ltd.), Single Member Limited Liability Company (M.E.P.E.), Société Anonyme (S.A.), Private Capital Company (I.K.E.), Single Member Private Capital Company (M.I.K.E.), Single Member Société Anonyme (M.A.E.), Social Cooperative Enterprise under Law 4430/2016, as in force (KOINSEP), Union of Civil Cooperatives, Civil Profit Cooperative, Agricultural Cooperative, Union of Agricultural Cooperatives (E.A.S.), Joint Venture of Agricultural Cooperative Organisations, and Limited Liability Social Cooperative Enterprise (KOI.S.P.E).
 
  • Be actively engaged in producing the products to be showcased at professional trade fairs, with business operations located in the region of Crete at the time of both application submission and grant disbursement.
  • Submit only one funding application per VAT number for the entire duration of this Call.
  • Operate in full compliance with all applicable legal and licensing requirements relevant to their sector and business activity.
  • Not qualify as “undertakings in difficulty”, as defined by Article 2 (18) of Regulation (EU) 651/2014.
  • Not be under bankruptcy, liquidation, or compulsory administration, nor have a pending application for resolution submitted by their creditors.
  • Not be subject to an order for the clawback of state aid, following a decision of the European Commission, declaring said aid unlawful and incompatible with the internal market.
  • Undertake that the expenditure included in the funding application has not been, and will not be, funded, included or submitted for approval for funding under any other program financed by national or EU funds.
  • Where rescue aid has previously been granted, the loan must be repaid and associated guarantee agreements terminated; where restructuring aid has been received, the restructuring process must be fully completed.
  • Have no grounds for exclusion pursuant to Article 39 (1)-(4), and Article 40 of Law 4488/2017 (A137/13.09.2017).
  • Be registered in the Register of Beneficial Owners as required by Article 20 of Law 4557/2018 (A 139), as in force, prior to the date of submission of the funding application, if legally obligated.
Note that: All investment activities proposed for support must preserve the character of incentive; therefore, work related to the investment plan (such as declaration of participation in an exhibition) must not commence prior to the official submission of the Funding Application under the terms of the relevant Call.
 

The main expenses covered by the Action relate to:
1. For participation in professional exhibitions in Greece:
Essential installation costs for exhibitions stands
Design of exhibitions stands
Rental of booth equipment
Freight transport and insurance services
Travel, accommodation, and meal expenses
Communication services at the exhibition booth
Project implementation management and monitoring services

2. For participation in professional exhibitions outside Greece:
Essential installation costs for exhibitions stands
Design of exhibitions stands
Rental of booth equipment
Freight transport and insurance services
Travel, accommodation, and meal expenses
Communication services at the exhibition booth
Project implementation management and monitoring services

The eligible costs are detailed in the Call File.

 
Funding of all eligible costs is provided at a uniform aid rate of up to 50% of the subsidized budget for each approved investment project.

WHAT WE DO FOR YOU

Contact your Business Banking Relationship Manager at NBG today   (Business Banking RM) and find out about our financial products and the tools we offer for the implementation of your growth plans.

AT THE IMPLEMENTATION PHASE OF THE INVESTMENT BY MEANS OF THE PROGRAM

•  Short-term financing through the assignment of public funding.
•  Support in finding the appropriate financial tool to cover private participation, depending on the needs of your business. 
 Issuance of a Letter of Guarantee for an advance payment of up to 40% of the public funding. The advance payment Letter of Guarantee is issued in favour of the national body with an indefinite period of validity.

 

 

 
 
 

 

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