Action 2 – Green SME Productive Investment

As part of the new "NSFR program 2021-2027" framework, Action 2 - Green Productive Investment for Small and Medium-sized Enterprises (SMEs) aims to support businesses that seek to utilize modern technologies and best practices in energy upgrading and circular economy matters, as well as to modernize their infrastructures.

We note that it is allowed to submit a funding application for only one of the two Actions.

The Total Budget - Public Expense amounts to 400,000,000€, which is distributed per Region as follows:

Attica & South Aegean: 88,000,000€
Other regions: 312,000,000€.

The Action in details:

Eligible Budget

The Eligible Budget for the business projects that will be submitted, can range from 30,000€ to 200,000€.

Beneficiaries of actions

The recipients that are eligible for support under Action 2 are the Very Small, Small, and Medium-sized Enterprises which, among other criteria, should:

Have completed at least one (1) full managerial use
Be substantially active in at least one (1) eligible CAE (Activity Code Numbers) and have the eligible investment CAEs from Annex III of the call for proposals - ELIGIBLE ACTIVITIES (CAE)
Employ at least two (2) AWE (Annual Work Units) of dependent employment during the calendar year preceding the application submission.

Eligible Expenses

Eligible expenses for the action include, indicatively, the following:

Buildings, facilities, and environmental space improvements.
Machinery and Equipment (Conventional Expenses).
Equipment (GREEN).
Product - Service - Process Certification.
Packaging Design - Labeling - Branding Services.
Promotion and Outward Orientation Expenses.
Participation in trade fairs and exhibitions.
Technical Studies & Consulting Services.
Transport Vehicles (GREEN) - Electric vehicles are mandatory.
Payroll costs for new employees (new personnel from 1 to 3 AWE).
Indirect expenses.

The date of electronic submission of the application is defined as the start date of eligibility for expenses.
It is noted that the eligible budget of the investment plan can not exceed twice the highest turnover achieved in one of the three (or fewer if the company does not have three) closed accounting periods of the year, preceding the submission of the funding application, with a maximum limit of 200,000€.

Percentages of Public Funding

The percentage of Public Funding (subsidy) amounts to up to 40% of the eligible budget of the funding application. This percentage can be increased by 10% if expenses related to "Green Transition" are incurred and certified, accounting for at least 20% of the total eligible budget of the investment plan at the time of Inclusion.

Subsidy Scheme: De Minimis

The subsidy scheme for this Action falls under the "De Minimis" framework. The subsidies provided within this Action will be allocated to businesses in accordance with EU Regulation 1407/2013 (De Minimis), which concerns the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union concerning state aid of minor importance (De Minimis).

What we do for you

Contact your Business Banking RM today and get informed about the financial products and tools that we offer for the implementation of your development plans.

For covering the private participation:

The expense of private participation can be covered either from your own capital or through bank financing.

Do you have any questions?

What happens after the inclusion decision?

After the inclusion decision:

You can contact the Bank for long-term loan approval to cover part of the private participation or/and
You can apply for short-term loan approval to finance the entire funding or part of it, with the last one assigned to the bank.
A prepayment guarantee may be granted up to 40% of the public funding.

After the inclusion decision is issued, it is possible to provide a prepayment, up to 40% of the public funding, if the beneficiary submits an equal Prepayment Guarantee from a recognized institution. The Prepayment Guarantee is issued to the Intermediate Body for Operational Program "Competitiveness and Entrepreneurship " with an indefinite duration. It is the responsibility of the Intermediate Body to ensure that the Prepayment Guarantee provided by the beneficiary is valid and remains in effect throughout the implementation of their investment.

There is an option for a beneficiary who has received a prepayment against a Prepayment Guarantee, once their project expenses have been audited and certified, to request a new prepayment of additional public funding. If the beneficiary chooses this option while keeping the existing Prepayment Guarantee, the letter must be appropriately formulated and be sufficient in terms of the amount.

In any case, the total prepayment received from public funding can not exceed 40% of the approved amount.

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