The Public Expenditure for the Action amounts to €30,000,000 and includes aid under EU Regulation No 2831/2023 (De minimis).

The amount of the subsidized budget of each investment project can range from €20,000 to €150,000. The percentage of Public Funding amounts to 70% of the subsidized budget of the funding application. 

Applications for funding cannot be for a budgeted amount of less than €20,000. If the investment plan includes expenditures that cumulatively exceed €150,000, the excess amount is considered in its entirety as a private participation.

Note that the entire investment plan, including the excess costs, is subject to evaluation, monitoring and audit.

New micro enterprises, small enterprises and enterprises under establishment in the Regions of North and South Aegean as well as Crete, that intend to implement an investment plan related to at least one of the following areas of the National Smart Specialization Strategy:
1. Agri-food supply chain
2. Digital Technologies
3. Biosciences, Health and Medicines
4. Tourism, Culture, Creative industries
5. Sustainable energy
6. Environment and cyclical economy
7. Material, constructions and industry
8. Transport and supply chain, as described in detail through the intervention areas and the eligible KAD (business activity codes) pursuant to the program guide

Exclusively with one of the following forms of businesses:
Sole Proprietorship, General Partnership (O.E.), Limited Partnership (E.E.), Limited Partnership by Shares, Limited Liability Company (Ltd.), Single-Member Limited Liability Company, Special Transport Company Ltd., Special Transport Company Single-Member Ltd., Société Anonyme (S.A.), Single-Member Special Transport Company Ltd., Single-Member Société Anonyme (S.A.), Private Capital Company (I.K.E.), Single-member Private Capital Company, Social Cooperative Enterprise of Law 4430/2016 as in force (KOINSEP), Limited Liability Social Cooperative Enterprise (KOISPE), Civil Profit Company, Law Firm of article 49 et seq. of Law 4194/2013, Civil Cooperative Non-Profit Enterprise, Limited Liability Civil Cooperative Enterprise, Unlimited Liability Civil Cooperative Enterprise, Profit Civil Cooperative Enterprise, Notary Firm under Presidential Decree 284/1993, Pleasure Craft Marine Company 

• In this Action, they must submit one and only funding application per TIN.
• The same investment owner (business / shareholder / partner / owner) cannot participate in more than one (1) investment plans that concern a business under establishment.
• To be active or intend to be active in the Greek territory and carry out the investment exclusively in one (1) facility within the geographical boundaries of the regions specified in the Call.
• The proposed investment plan must relate to at least one of the eligible KADs (business activity codes
• Maintain simple or double-entry account books under Law 4308/2014, as in force.
• Meet the conditions for the application of Reg. (EU) 2023/2831 (OJ L 15.12.2023) (De minimis) on which the Action is based.
• They must present evidence of Available Funds in relation to the Investment Plan at a rate of at least 30% of the Total Budget.
• The funding application must include costs related to the sub-activities marked as costs that contribute to the Protection of the Environment and Energy Saving (Green Technological Solutions), at a rate of a minimum of 30%.
• Operate in accordance with the law by having the appropriate licensing documentation, as per the applicable legislation.
• There is 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 (applying to the New).
• They must not have completed or fully implented the physical object of the investment, before submitting the funding application.
• To undertake that no exclusion criteria apply, as per Article 40(1) of Law 4488/2017 (Α137/13.9.2017).
• They must be registered in the Beneficial Ownership Register of Article 20 Law 4557/2018 (A' 139), as in force.
• Not to be subject to bankruptcy proceedings, liquidation or compulsory administration
• The funding application must obtain a minimum overall score of 65.
• They must undertake to increase business employment during the implementation phase of the investment, which, if maintained for one year, will increase the Annual Work Units (AWU) by at least half (0.5) unit (compared to the employment of 2024 for a new business).
• They must undertake to retain the increase they will declare, which will form the basis of the evaluation of the application, at least for one year after completion of the investment.
• The Owner of the business or the Legal Representative of the company must undertake that the corporate/ shareholder composition of the company stated in the application will remain unchanged throughout the implementation period and through to the completion of the physical and financial object and the final payment/repayment of the public funding.
• The investment plan should not fall under the exceptions of art. 9 of Regulation (EU) No 1056/2021 (JDTP) and does not concern the establishment or increase of the capacity of tourist accommodation of all types.

The main expenses covered by the Program relate to:

• Costs of Equipment, Means of Transport & Instruments
• Expenses for Buildings, Facilities & Surrounding Area
• Expenses for the Provision of Services
• Indirect Expenditure

Note that upon completion of the investment and on its final certified Budget:

• The implementation of expenditures for the protection of the Environment and Energy Saving should be respected at a rate of at least 30%.In case of non-certification of expenditures of a cumulative amount of 30%, then the percentage of the Budget will be reduced accordingly in order to comply with the quota of 30% of the above-mentioned expenditures on the subsidized Budget.
• 7% of indirect costs should be observed on the final certified direct costs

The eligible costs are detailed in the Call File.