Modernisation of Small Businesses in Western Greece – Medium-Scale Investments

Public expenditure for the Action amounts to €3,000,000.

The subsidized budget of each investment plan should be proportionate to the business plan and may range from €40,001 to €120,000. 

In the case of budgets over the aforementioned limit, the excess amount will be considered as 100% private participation for the implementation of the plan and, although the excess expenses are not subsidized, the entire investment plan, including the excess cost, is subject to assessment and monitoring/ control. 

In any case, the project's final subsidized budget cannot be less than the aforementioned minimum limit.

The implementation period of the projects may not exceed twenty-four (24) months from the date of electronic notification of the final approval.

Requests for extensions of the implementation period may be submitted, subject to duly documented justification, for a maximum extension of up to six (6) months, provided that the request is submitted before the expiry of the twenty-four (24)-month deadline.

Existing micro or small enterprises that will implement an investment plan, documented to be linked to a regional endpoint of the priority sectors of the National Smart Specialisation Strategy (RIS3) and to serve the areas of intervention of the selected endpoint.

They 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 (MEPE), Special Transport Company Ltd. (IME EPE), Societe Anonyme (S.A.), Maritime Company under Law 959/1979 10 Special Maritime Company (ENE), Law Firm of article 49 et seq. of Law 4194/2013 12. Notary Firm under Presidential 284/1993, Special Transport Company Single-Member Ltd (IME MEPE), other Legal Entity under Private Law (NPID), Civil Profit Cooperative, Social Cooperative Enterprise under Law 4430/2016 as in force (KOINSEP), Agricultural Cooperative, Union of Agricultural Cooperatives (EAS), Central Cooperative Association (KESE), Joint Venture of Agricultural Cooperative Organisations, Pleasure Craft Marine Company (NEPA), Single Member Societe Anonyme, Societe Anonyme of local authorities, Civil Society of Bailiffs, Private Capital Company (IKE), Single Member Private Capital Company (MIKE) 27. Energy Communities, Limited Liability Social Cooperative Enterprise (KOISPE), Civil Profit Company, Civil Law Profit Society

• One application per TIN across all sub-actions of the Action.
• Eligible activity code (KAD) defined as the main activity or as the one with the largest revenues (E3 form).
• Registered seat or establishment in Western Greece, and implementation of the investment exclusively within the Region of Western Greece.
• At least one full financial year [fully completed and processed by the tax authorities (AADE) prior to submission]
• The company’s highest annual turnover among the last 3 fully completed financial years should be ˃ €500,000.
• Investment budget within the limits set in the Call.
• Operating legally with a license or notification of commencement (where required).   
• Keeping single-entry or double-entry accounting records.
• Registration with the Beneficial Ownership Register.
• Not under bankruptcy proceedings, liquidation, compulsory administration.
• No pending rescue or restructuring aid.
• No order for the clawback of state aid.
• Compliance with de minimis limits (≤ €300,000/ 3-year).
• No implementation of expenditures prior to the Call.
• Explicit commitments to no double funding (both before AND after the approval).
• The place of implementation of the investment must not be the residence of the beneficiary (primary or secondary).
• Compliance with the legislation on the staff’s occupational health and safety for employees.
• Absence of grounds for exclusion (Greek Law 4488/2017).
• Promotion of gender equality and non-discrimination upon the implementation.
• Provision of accessibility for persons with disabilities, where required.
• Compliance with the EU Charter of Fundamental Rights.
• Submission of an online funding application, where all required information, supporting documents and forms are attached.

Note that: Within twelve (12) months as of the issue of the inclusion decision, at least 30% of the physical and financial scope corresponding to the approved subsidized budget of the respective investment, should have been implemented.
The overall participation conditions of beneficiaries are presented in detail in the Action guide.

The main expenses covered by the Program relate to:
• Buildings, Facilities & Surrounding Area
• Improvement of accessibility
• Basic or other equipment, Internal & External means of transport
• Software
• Accreditations
• Product/ service design
• Corporate branding, Promotion 
• Participation in exhibitions
• Business Plan
• Indirect Costs 
Eligible costs are detailed in the Call File.

The aid intensity amounts to 50% of the eligible budget of the investment plan, while the remaining 50% should be covered by the company’s private participation.

Funding applications (investment proposals) must be submitted online by prospective Beneficiaries through the Integrated State Aid Management Information System (OPSKE) https://app.opske.gr/

The starting date for submission is 10/02/2026 at 12:00 and the submission deadline is 07/04/2026 at 15:00.

Note that the evaluation of funding applications will be comparative.