We produce in Greece

The budget of the Action's public expenditure amounts to €50,000,000 and is allocated as follows: 

Region	Geographical Unit	Available Budget
Less developed regions	North Aegean, Eastern Macedonia – Thrace, Central Macedonia, Epirus, Thessaly, Western Greece, Crete, Western Macedonia, Ionian Islands, Central Greece, Peloponnese.	€39,000,000
Regions in Transition	Attica South Aegean	€11,000,000
Regions Total Amount		€50,000,000

The subsidized budget for each investment proposal of a potential beneficiary may range from €100,000 up to €400,000 provided that it does not exceed twice the highest turnover achieved in any of the three (or fewer, if the company does not have three) closed financial periods preceding the year in which the funding application will be filed, up to a maximum grant amount of €200,000 or the amount of €220,000 for rapid implementation. 

If the investment plan includes expenses that cumulatively exceed €400,000, the excess amount is considered in its entirety as private participation. 
The maximum duration for completing the physical and financial scope of the investment plan should not exceed fifteen (15) months from the date of online notification of the evaluation result.

Existing Small, Very Small, and Medium-sized enterprises, which must meet basic eligibility requirements:

1. Τhey must have at least one (1) complete, closed business year prior to the date of online submission of the financing application.
2. They must have the eligible investment KAD code(s) as specified in the detailed call prior to the date of online submission of the funding application
3. The investment must relate exclusively to KAD codes included in Annex II – ELIGIBLE ACTIVITIES (KAD) of the Call.
4. They must have at least one (1) AWU (Annual Work Unit)  under dependent employment during the calendar year preceding the submission of the funding application, which will be verified based on the declared data held for the enterprise in the ERGANI information system.
   
    

• They must qualify as an SME according to ANNEX V – DEFINITION OF SME of Regulation (EU) No. 651/2014, taking into account the conditions for maintaining this status. 
• They must submit one and only funding application per TIN under this Action. 
• They must declare as project implementation location(s) of this Action only one category of region. The funding application shall state the region in which the investment plan will be implemented. It is clarified that the enterprise may carry out expenditure at the company's headquarters and/or its branches, provided that all implementation points belong to the same category of region.
• The physical object of the investment must have not been completed or fully implemented before submitting the funding application.
• They should operate legally by having the appropriate licensing document, in accordance with the applicable legislation and their declared activity. In cases where the permit has not been issued or has expired, it is required to submit the relevant application for its issuance/renewal or any document evidencing the initiation of the licensing process (e.g. a questionnaire submitted to the OPS-ADE system or notification/approval of installation, or Environmental Terms Approval Decision (AEPO), etc.).
• They must exclusively operate under one of the following forms of businesses: [Société Anonyme, Single-Member SA, Limited Liability Company, Single-Member Limited Liability Company, General Partnership (O.E.), Limited Partnership (E.E.), Single Member Private Capital Company (MIKE), Sole Proprietorship, Civil Profit Company, Social Cooperative Enterprise under Law 4430/2016 as in force, Cooperative] and keep single-entry or double-entry accounting books in accordance with Law 4308/2014, as applicable.
• They must either have, or undertake, through a solemn declaration by the Legal Representative, that by the completion of the investment they will ensure the appropriate infrastructure and services in order to minimize barriers and facilitate access, where necessary, for persons with disabilities, in accordance with the provisions of Article 9 of Regulation (EU) No 1060/2021 of the European Parliament and of the Council of 24 June 2021.
• They must provide evidence of securing Own Participation of at least 25% of the requested subsidized budget.
• The funding application must be rated with a score of at least 75 points in the self-assessment of the investment plan under the Call. Note that it is not permissible to submit a funding application to the ISAMIS system, if the aforementioned condition is not met.
• All conditions for the application of the EU De Minimis Regulation (EU 2023/2831) must be met. 

It should be noted that enterprises must be registered in the Beneficial Owners Register of Article 20 of Law 4557/2018 (Government Gazette A' 139), as in force, prior to the date of submission of the funding application.

The overall terms and conditions for the participation of beneficiaries are presented in detail in the Action call. 

The main expenses covered by the Program relate to:

• Machinery – Equipment (Production and Mechanical Equipment, Equipment for Environmental Protection and Energy Saving, Circular Economy Equipment)
• Expenditure for Service Provision (Services for the supply/use of Software under a “Software as a Service”, “cloud computing” model or similar, Certifications, Packaging and – Label Design and – Branding Services, Consulting support for monitoring the implementation of the investment plan, etc.)
• Software (website development, e-shop, mobile applications as fixed assets, software and software program licenses)
• Promotion, Marketing & Networking (Participation as an exhibitor in international trade fairs, Other promotion – marketing, and networking expenses)
• Staff costs (Full salary cost of newly hired staff)
• Indirect Expenses (referring to general operating costs)

Eligible costs are detailed in the Action call. 

 

The subsidy rate in all Regions of the country is 50%.

An additional subsidy of 5% is provided, raising the state subsidy to 55%, if the beneficiary implements at least 80% of the approved budget within 9 months from the final approval of the application; this option must be declared at the time of submission.

In case the investment target is not met, the bonus is withdrawn and amounts may be claimed back as unduly paid.