The Public Expenditure of the Action amounts to € 15,000,000, with an option to increase the available public expenditure by 130%. The public expenditure per aid scheme is distributed as follows: 

• Regulation 2023/2831 (De Minimis): €6,750,000 
• Regulation (EU) 651/2014 (GBER): €8,250,000

The amount of the subsidized budget of the plan cannot exceed the highest turnover increased by 40% achieved in one of the two complete closed fiscal years preceding the date of submission of the funding application. In the case of subsidized budgets over €500,000 for an aid scheme under Regulation EU 2023/2831, and €800,000 for an aid scheme under Regulation EU 651/2014, any surplus amount will be deemed as 100% private participation for the implementation of the plan and, although the surplus expenditure is not subsidized, the entire investment project, including the surplus cost, is subject to assessment and monitoring/control. 
Subsidized budgets below the threshold, i.e. less than €100,000 for an aid scheme under Regulation EU 2023/2831 and €200,000 for an aid scheme under Regulation EU 651/2014, are deemed ineligible and are rejected.

Existing Small, Micro and Medium Enterprises, which are active in the Greek Territory, will implement an Investment Plan within the Region of Epirus provided that before the date of electronic submission of the funding application:

• They have at least two (2) complete closed business years for the years preceding the year of submission of the funding application. 
• They are substantially active in Sectors of the Regional Dimension of the National Smart Specialization Strategy (ESEE). 
• The proposed investment plan is documented to be linked to the Priority of the Regional Dimension of the National Smart Specialization Strategy.
• The proposed investment plan [business activity code (KAD) of the investment] concerns at least one of the eligible KAD (It is clarified that the company does not have the obligation to have the investment KAD when submitting the funding application but must have it before submitting the first verification - certification request.)

They operate exclusively under one of the following forms of business of a corporate/commercial nature:

Sole Proprietorship, 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.), Civil Cooperative Enterprise, Social Cooperative Enterprise of Law 4430/2016 as in force (KOINSEP), Agricultural Cooperative, Single-Member Société Anonyme (S.A.E.), Private Capital Company (I.K.E.), Single Member Private Capital Company (MIKE), Limited Liability Social Cooperative (KOI.S.P.E.). 

• In this Action, they must submit one and only funding application per TIN.
• The financial participation of the beneficiary of the aid must stand at a minimum of 25% of the total eligible costs through own funds or external financing.
• They must operate legally by having the appropriate licensing document, in accordance with the applicable legislation and their subsidized activity.
• They must maintain single or double-entry account books under Law 4308/2014, as in force.
• They must be registered in the Register of Beneficial Owners of Article 20 of Law 4557/2018 (A 139), as amended, prior to the date of submission of the funding application.
• They must not be under bankruptcy, liquidation or compulsory administration, or the creditors of the company must not have filed an application for resolution.
• They must not have received rescue or restructuring aid, or they have received rescue aid but have repaid the loan and terminated the guarantee agreement, or they have received restructuring aid which has been completed.
• There must be no pending aid funding clawback order subject to a previous decision of the European Commission or the Court of Justice of the European Union, declaring an aid illegal and incompatible with the internal market.
• They must undertake that the expenditure included in this funding application will not be, and has not been, funded, included or submitted for approval for funding in another program financed by national or EU funds.
• The place of implementation of the investment must not be the residence of the beneficiary (primary or secondary).
• They must comply with the legislation on occupational health and safety and prevention of occupational hazards.
• They must undertake that there are no grounds for exclusion under article 39, par. 1-4 and article 40 of Law 4488/2017 (A137/13.09.2017).

The main expenses covered by the Program relate to:

• Personnel costs [only for aid scheme under Reg. 2831/2023 (de minimis)]
• Costs of Equipment, Means of Transport & Instruments
• Expenditure on Buildings, Land Plots, Facilities & Surrounding Areas
• Expenses for the provision of services
• Software costs
• Promotion, Marketing & Networking Expenses
• Indirect costs [only for aid scheme under Reg. 2831/2023 (de minimis)]

The eligible costs are detailed in the Call File.

The aid rates of funding applications are set from 40% to 60% depending on the classification into medium, small and micro enterprises and the selected aid scheme.