The Public Expenditure of the Action amounts to €140,000,000 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. 2831/2023 (De minimis).

The subsidized budget of each investment project can range from €25,000 to €500,000, while the Public Expenditure amounts to 50% of the subsidized budget.

Funding applications with a submitted budget of less than €25,000 cannot be submitted. If the investment plan includes expenses that cumulatively exceed €500,000, 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.

Existing micro, small and medium-sized enterprises that intend to implement an investment plan within the Region of Central Macedonia related to a business activity code (KAD) in which they were materially active in the previous closed financial year.
Existing businesses are defined as those established before 1/1/2023. 
They should operate under one of the following forms of business:
Sole Proprietorship, General Partnership (O.E.), Limited Partnership (E.E.), Limited Partnership 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, Civil Cooperative, Shipping Company under Law 959/79, Special Maritime Company, Pleasure Craft Marine Company (NEPA), Civil Professional Society of Lawyers, Civil Professional Society of Notaries, Civil Professional Society of Bailiffs, Civil Profit Company, European Company, European Cooperative Society, Social Cooperative Enterprise under Law 4430/2016 as in force (KOIN.SEP.), Limited Liability Social Cooperative Enterprise (KOI.S.P.E.), Agricultural Cooperative, Other For-Profit Legal Entity under Private Law (N.P.I.D.), Branch of a Foreign Company.

The following are not eligible to apply for funding: 

• financial institutions and social security funds
• public companies
• public bodies or public organizations and/or their subsidiaries
• Legal Entities under Public Law, 
• companies in whose capital or voting rights Local Authorities and all the above public bodies participate with a percentage greater than twenty-five percent (25%), directly or indirectly, individually or jointly (as well as companies treated as their main partners).
• sports clubs
• unions
• sports Sociétés Anonymes
• offshore companies.

• Submit a single application for funding per TIN.
• Should be active or intend to be active in Greek territory and carry out the investment exclusively in the Region of Central Macedonia.
• have at least two (2) complete closed financial years behind them, with the appropriate tax forms (forms E3 & N or E1) for the years 2023 & 2024 submitted to and processed by the tax authorities (AADE) as at the date of online submission.
• They must maintain single or double-entry account books under Law 4308/2014, as in force.
• 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.
• Have the status of Micro or Small or Medium-sized Enterprise as defined in Commission Recommendation 2003/361/EC of 6 May 2003 and in accordance with Annex I of Regulation (EU) 651/2014 on the definition of micro, small and medium-sized enterprises, (ANNEX VI "Definition of SMEs & Model SME Declaration" hereto).
• The proposed investment plan should concern an active and eligible business activity code with the Tax Office, in accordance with Annex II "Eligible Sectors of Activity (KAD)" hereto, in which the beneficiaries were materially active in the previous closed financial year (Main KAD and/or KAD corresponding to the highest gross revenues according to the E3 form of 2024).
• For sole proprietorships: The place of implementation of the investment must not be the residence of the beneficiary (primary or secondary).
• Meet all the conditions for the application of Regulation (EU) 2831/2023 (OJ L 15.12.2023) (De minimis) on which the Action is based.
• They must not have completed or fully implemented the physical object of the investment before submitting the funding application.
• Submit proof of availability of funds, which should evidence that it is possible to cover at least 25% of the total costs of the investment plan.
• Enterprises that will invest in the Tourism Sector under the business activity "Accommodation" (Investment KAD 55) will have to commit that the accommodation in which the investment will be implemented, at the stage of receipt of the project, will be classified in a higher category of stars or keys than the one it had at the time of submission of the application for funding (where a relevant classification is provided) and will comply with at least the specifications per category detailed in section 5 "Eligible sectors of activity" of the Call.
• The creditors of the company must not be under bankruptcy, liquidation or compulsory administration or should not have filed an application for resolution.
• 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.
• Undertake that the entire investment plan and the individual costs included in the specific financing application:
  • have not been funded under any other action funded by national or EU funds.
  • do not constitute approved investment project expenditure in another action financed by national or Union funds.
  • will not, if approval is carried out and for the period that constitutes approved expenditure under the investment plan to be implemented, be submitted for inclusion or certification in an investment plan of another action financed by national or Union funds.