The Public Expenditure of the Action amounts to €4,200,000 and includes aid under Regulation 2831/2023 (De minimis), as in force. 

The subsidized budget of each investment project can range from €15,000 to €250,000. 

Investment projects with a budget of less than €15,000 are considered ineligible from the outset and cannot be submitted.

If the investment plan includes expenses that cumulatively exceed €250,000, 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.                                                                                                                                                                                                       

In any case, the final subsidized budget of the project cannot be less than the minimum limit of €15,000.

New firms and firms under establishment, micro, small and medium-sized enterprises that are or will be active in the Region of Western Macedonia, that will implement an investment plan related to at least one of the eligible business activity codes (KAD) of the Call.   Business plans that contribute to the priority areas of the Regional Smart Specialization Strategy RIS3 of the Region of Western Macedonia are supported:

1. Materials, construction and industry
2. Tourism, culture and creative industries
3. Agri-food chain
4. Environment and cyrcular economy
5. Sustainable energy

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

New enterprises are defined as enterprises that have been established with a start date post 1/1/2022 and have less than (2) full, closed fiscal years, through to the date of the Call announcement. 

They must operate or operate exclusively under one of the following forms of business:
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.), Single-Member Société Anonyme (M.A.E.), Private Capital Company (I.K.E.), Single Member Private Capital Company (MIKE), Civil Limited Liability Cooperative, Civil Cooperative of Unlimited Liability, Civil Cooperative Profit, Civil Profit-Making Company, Other For-Profit Legal Entity under Private Law (N.P.I.D.), Social Cooperative Enterprise of Law 4430/2016 as in force (KOINSEP), Limited Liability Social Cooperative (KOI.S.P.E.), Agricultural Cooperative, Branch of a Foreign Company.

• Submit a single application for funding per TIN.
• The same investment vehicle (partner/shareholder/business) does not participate in more than one (1) investment plan involving a business under establishment.
• A new business or a partner/shareholder of a business under establishment should not participate in a proposal that has been approved in the framework of one of the following actions of the "Just Development Transition" Program of the NSRF 2021-2027: 

1. Establishment of Enterprises & Support of New Micro and Small Enterprises in areas of Just Transition Territorial Plans (JTTP) of the Region of Western Macedonia and Megalopolis.
2. Strengthening Existing Micro and Small Enterprises in JTTP areas of the Region of Western Macedonia and Megalopolis
3. Reinforcement of investment projects of existing SMEs implemented in the mainland areas of the JTTP, in accordance with Regulation (EU) 2021/1056 establishing the Just Transition Fund
4. Support of investment projects of young people and SMEs under establishment that are implemented in the mainland areas of the JTTP, as per Regulation (EU) 2021/1056 establishing the Just Transition Fund 

• To be active or due to be active in the Greek territory and to make an investment exclusively within the Region of Western Macedonia. 
• To operate legally by having the appropriate licensing document, in accordance with the applicable legislation and their declared activity. For new businesses, the submission of a relevant licensing document or a relevant application for issuance is required with the application for funding.
• To maintain single or double-entry account books under Law 4308/2014, as in force.
• For sole proprietorships: The place of implementation of the investment must not be the residence of the beneficiary (primary or secondary).
• For businesses under establishment: must be established, with a minimum participation rate of 51% and exclusive management/representation, by natural persons who, within the year 2023, did not exercise business activity, whether as sole proprietorships or as shareholders in other companies
• For new businesses: 

1. shall be registered in the Register of Beneficial Owners of Article 20 of Law 4557/2018 (A 139), as in force, if there is a relevant obligation. 
2.  shall not have completed the physical object of the investment or not fully implemented it, prior to the submission of the financing application. 
3.  the company's creditors shall not be bankrupt, liquidated or in compulsory administration or the creditors of the company must not have filed a resolution application. 
4. must not be subject to an order for the clawback of aid, following a prior decision of the European Commission or the Court of Justice of the European Union, declaring aid unlawful and incompatible with the internal market. 
5. must comply with legislation on occupational health and safety and prevention of occupational hazards. 

• Submit proof of availability of funds, which will evidence that it is possible to cover at least 25% of the total costs of the investment plan. 
• 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 application for funding must obtain a minimum overall score of 40 in the evaluation criteria to be scored.
  
  In particular, for investment projects with investment business activity code (CAD) "Accommodations" (KAD 55) under the Tourism Sector, conditions are defined that are required to be followed during the completion and delivery of the projects.

The main expenses covered by the Program relate to:

• Personnel costs
• Equipment & Transport Costs
• Expenditure on Buildings & Surrounding Space
• Expenses for the Provision of Services
• Software Costs
• Promotion, Marketing & Networking Expenses
• Indirect Expenditure

The start date for eligibility of expenditure is defined as the date of publication of the Action’s Call. Expenditure incurred (or contracted) before the start date of eligibility of expenditure (even if the contract has not been invoiced) is not eligible. 
The formal deadline for the eligibility of expenditure is defined as the deadline for the completion of the operation, i.e. twenty-four (24) months from the date of online notification of the final approval of the funding application (evaluation result or objection evaluation result). The eligible costs are detailed in the Call File.