The Public Expenditure of the Action amounts to €14,500,000 and is co-financed by the European Regional Development Fund (ERDF) of the European Union and by National Participation. It includes aid under Commission Regulation (EU) No. 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market, pursuant to Articles 107 and 108 of the Treaty.
The subsidized budget of each investment project can range from €600,000 to €5,000,000. The percentage of Public Funding varies depending on the size of the business, the place of implementation, and the type of expenditure.
Funding applications with a submitted budget of less than €600,000 cannot be submitted. If the investment plan includes expenditures that cumulatively exceed €5,000,000, the excess amount is considered in its entirety as private participation. Note that the entire investment plan, including the excess costs, is subject to evaluation, monitoring and audit.

Micro, small and medium-sized enterprises in the Peloponnese region, which intend to implement an investment plan related to at least one of the eligible activities included in ANNEX XII "ELIGIBLE ACTIVITIES (KAD) of the Action’s Call, and which will operate exclusively under one of the following business forms:
General Partnership (O.E.), Limited Partnership (E.E.), Limited Partnership (E.E.) by Shares, Limited Liability Company (Ltd.), Single-Member Limited Liability Company (M.E.P.E.), Société Anonyme (S.A.), Single-Member Société Anonyme (M.A.E.), Private Capital Company (I.K.E.), Single Member Private Capital Company (M.I.K.E.).

Enterprises under establishment are enterprises that will be established after the online submission of the application for funding.

New enterprises under the Call are enterprises that commenced operations at the competent Tax Office as from 1/1/2023 onwards.

• The potential beneficiary is active or will be active in the Greek territory and the investment will be carried out exclusively within the Peloponnese Region.
• The same entity (partner/shareholder/enterprise) does not participate in more than one (1) investment plan that concerns a business under establishment.
• The potential beneficiary has or will have the status of micro or small or medium-sized enterprise as defined in accordance with Annex I of Regulation (EU) 651/2014 on the definition of micro, small and medium-sized enterprises, taking into account the conditions for maintaining this status.
• The potential beneficiary is not an undertaking in difficulty, according to Regulation (EU) 651/2014.
• The proposed investment plan concerns one or more of the eligible business activity codes (KADs) included in Annex XII: ELIGIBLE ACTIVITIES (KADs) of the Call, in which the potential beneficiary(s) is active or undertakes to be active through to submission of the first subsidy request (including the advance payment).
• The proposed investment plan fulfils the character of an incentive and therefore no work has been started on the investment plan before the submission of the financing application, as defined in Article 6(2) of Commission Regulation (EU) 651/2014.
• The potential beneficiary must submit a single application for funding under the Action’s Call (one application per TIN)
• The potential beneficiary keeps (new) or will keep (under establishment) Single or Double-Entry account books under Law 4308/2014, as in force.
• The potential beneficiary operates legally (new businesses) or undertakes to operate legally (businesses under establishment) by having the appropriate licensing document, in accordance with the applicable legislation and their activity (e.g. operating license, Solemn Declaration of Commencement of Operation, Operating License Exemption, Notification of Commencement of Operation, etc.). In the event that the license has not been issued or has expired, the relevant application for its issuance/renewal (new businesses) is required.
• The proposed investment plan is an integrated initial investment, as defined in Article 2(49) of Regulation (EU) 651/2014 and specifically fulfils one of the following conditions:
  • Create a new installation.
  • Expansion of the production capacity of an existing facility. The additional production capacity of the installation as a result of the investment plan can only be accepted if the existing capacity of the installation before the implementation of the investment can be certified by official documentation.
  • Diversifying the output of an existing installation into products or services that the installation did not previously produce. For aid granted to large enterprises or SMEs for the diversification of an existing business establishment, the eligible costs shall exceed by at least 200% the carrying amount of the assets reused, as recorded in the financial year preceding the start of operations.

Please note that the replacement investment does not constitute an initial investment.

• The potential beneficiary has been registered in the Register of Beneficial Owners of Article 20 of Law 4557/2018 (A' 139), as in force.
• The financial contribution of the beneficiary of the aid for the costs subsidized under Article 14 of Regulation (EU) 651/2014 amounts to at least 25% through own resources or through external financing and in a form that does not contain elements of state support.
• The potential beneficiary is not an offshore company.
• There is no pending procedure for the clawback of aid against the potential beneficiary following a previous decision of the European Commission, under which aid previously granted by the same Member State has been declared illegal or incompatible with the internal market.
• All the conditions of Chapter I and the applicable Articles of Regulation (EU) 651/2014 are met. This criterion will be broken down into sub-criteria as per the applicable aid Articles of Regulation (EU) 651/2014.

Within the framework of this Action, investment expenditures in intangible and tangible assets are eligible in accordance with Article 14 of Regulation (EU) 651/2014 (GAK).
The main expenses covered by the Program relate to:
• Personnel costs
• Costs of Equipment, Means of Transport & Instruments
• Expenditure on Buildings, Land Plots, Facilities & Surrounding Areas
• Expenses for the Provision of Services
• Software Costs
The start date of the expenditure eligibility is the date of online submission of the Funding Application.
The eligible costs are detailed in the Call File.

The aid intensity depends on the type of investment plan (single investment plan), the size of the business (at group level), and the expenditure aid regime pursuant to the applicable Article of Regulation (EU) No 651/2014.
A. Expenditure according to Article 14 "Regional Investment Aid" of Regulation (EU) 651/2014:
o For micro and small enterprises, the aid rate reaches up to 60%, while in the Municipalities of Megalopolis, Gortynia, Tripoli and Oichalia it reaches up to 70%.
o For medium-sized enterprises, the aid rate reaches up to 50%, while in the Municipalities of Megalopolis, Gortynia, Tripoli and Oichalia it reaches up to 60%.
B. For expenditure other than regional aid, a uniform percentage of aid is provided for regardless of the area of implementation of the investment plan, in accordance with the provisions of the respective Article of Regulation (EU) 651/2014.
o Expenditure under Article 18 "Aid for consultancy services to SMEs" is supported up to 50%.
o Expenditures according to Article 33 "Aid for the employment of workers with disabilities in the form of salary subsidies" are supported up to 75%.
o Expenditure under Article 41 "Investment aid for the promotion of renewable energy production, renewable hydrogen and high-efficiency cogeneration" shall be supported as follows:
• Investment expenditure in the production of renewable energy sources for micro and small enterprises is supported up to 65%, while for medium-sized enterprises up to 55%.
• Other expenditure under Article 41 for micro and small enterprises is supported by 50%, while for medium-sized enterprises up to 40%.