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Entrepreneurship in Central Greece

ESPA 2021-2027
The aim of the Action is to strengthen existing micro, small and medium-sized enterprises in the Region of Central Greece, within the framework of the Program “Central Greece” 2021–2027 in order to improve their competitiveness, innovation and smart economic transformation. It is included in the objective for sustainable growth and strengthening of SMEs through productive investments and job creation. 

Action in detail

The subsidized budget ranges:
  • from €30,000 to €400,000, for investment plans where the aid scheme under Reg. (EU) 2023/2831 (De Minimis) is selected
  • from €200,000 to €800,000, for investment plans where the aid scheme under Reg. (EU) 2014/651 (GBER) is selected 
The maximum duration for completing the physical and financial scope of the investment plan should not exceed twenty-four (24) months from the date of the final approval of the financing application. In any case, the above date can be no later than 31/12/2029. 
 

Existing micro, small and medium-sized enterprises, which meet all the general and additional conditions for participation, as described in detail in the Action's call, and which intend to implement their investment plan in the Region of Central Greece in one of the activities falling within the following sectors:

  • Materials, Construction and Industry 
  • Tourism, Culture and Creative Industries
  • Agri-food Supply Chain
  • Environment and Cyclical Economy
  • Biosciences – Health and Pharmaceuticals 
  • Transport and Supply Chain 
  • Sustainable Energy
  • Digital Technologies
     

The businesses must:

  • be incorporated prior to 30/6/2023 (commencement of business activity with AADE-tax authority)
  • have at least two (2) complete, closed business years (2023 & 2024)
  • engage, during the fiscal year of 2024 and at least until the date of submission of the financing application, in at least one (1) eligible Business Activity Code (KAD) (main and/or secondary) listed in the call.
  • be active in the Greek territory and implement the investment exclusively within the Region of Central Greece
  • not have commenced the investment plan's works before the date of electronic submission of the financing application

 The proposed investment plan must relate to at least one of the call’s eligible activities (KAD)

 If the investment plan includes costs for the construction/extension of a building, they must submit proof of availability of the place where the investment is to be installed. 

Note that: 
The overall terms and conditions for the participation of beneficiaries are presented in detail in the Action's call. 

 

The main expenses covered by the Program relate to:

  • Personnel Costs
  • Costs of Equipment, Means of Transport & Instruments
  • Expenses for Buildings, Land, Facilities & Surrounding Area 
  • Expenses for the Provision of Services
  • Software Costs 
  • Promotion, Marketing & Networking Expenses
  • Indirect Costs 

Note that: The eligible costs vary depending on the selected aid scheme (Reg. (EU) 2023/2831 (De Minimis) or Reg. (EU) 2014/651 (GBER)) 
Eligible costs are detailed in the Action's call. 

 
The aid can reach up to 75%, depending on the size of the business and the area of establishment of the investment plan and the selected aid scheme.

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.

IN THE INVESTMENT APPLICATION PHASE 

Before the final submission of the application, we can explore the option to finance your private participation (letter of loan approval, letter of intention, loan pre-approval or loan agreement).

For investment plans submitted in accordance with the aid scheme of Reg. (EU) 2014/651 (GBER), only a certificate of intention to finance is submitted, otherwise said plans become not eligible for funding.

 

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

  • Short-term financing through the assignment of public funding, in accordance with the terms of the detailed call.
  • Support in finding the appropriate financial tool to cover private participation, depending on the needs of your business. 
  • Issuance of an advance payment Letter of Guarantee of up to 40% of the public funding.
     

Digital Banking is now simpler than ever

Download the NBG Business Mobile Banking app now.

Manage the daily transactions and banking needs of your business easily and quickly, wherever you are.

View all of your business’s products, make transfers and remittances, pay bills, personalize your home screen according to your needs and manage all approvals, online, from your mobile.


business banking mobile app

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