Support for investment plans of SMEs in the TJTPs

The subsidised budget for each investment plan may range from €300,000.00 to €12,000,000.00. Investment plans with a subsidised budget below €300,000.00 are considered non-eligible from the outset and cannot be submitted. 

The maximum duration for the completion of the physical and financial scope of the investment plan cannot exceed thirty (30) months from the date of online notification of the final approval of the funding application (evaluation result or objection evaluation result). 

The Call is addressed to newly established and under-establishment micro, small, and medium-sized enterprises (SMEs), as defined in Annex I of Regulation (EU) No 651/2014.
Additionally, the investment plan must be implemented exclusively within one of the eligible spatial units of the Territorial Just Transition Plans (TJTPs) for Western Macedonia and Megalopolis, specifically in the following areas:

• Regional Units of Kozani and Florina
• Regional Units of Kastoria and Grevena
• Municipality of Megalopoli
• Municipalities of Tripoli, Gortynia, and Oichalia

Note: 

• Under-establishment enterprises are enterprises that will be established after the online submission of the application for funding. 
• Newly established enterprises are those which, as of the date of issuance of this Call, have not completed a full fiscal year, i.e. they have registered the commencement of operations with the competent Tax Office on a date later than 1/1/2025.

• The potential beneficiary (enterprise) must be active or intend to become active in the Greek territory.
• The potential beneficiary must:
  • not have filed the commencement of operations with the competent Tax Office at the time of electronic submission of the funding application (under-establishment enterprise). 
  • not have, as of the date of issuance of the Call, one fully closed fiscal year (newly established enterprise), according to the provisions specified in the Call, for which the final financial result has been determined accounting-wise and the appropriate tax forms (E3 & N forms) have been submitted and cleared with the Independent Authority for Public Revenue (IAPR, or AADE in Greek). 
• The enterprise holds SME status in accordance with the Annex – DEFINITION OF SME, as set out in European Commission Recommendation 2003/361/EC of 6 May 2003, taking into account the conditions for maintaining this status.
• The same entity (partner/shareholder/enterprise) may not participate in more than one (1) investment plan concerning an under-establishment enterprise. 
• The proposed investment plan concerns one or more of the eligible business activity codes (KADs) included in Annex XVIIΙ: ELIGIBLE ACTIVITIES (KADs) of the Call, in which the potential beneficiary undertakes to be active by the time of submission of the first disbursement request (including any advance payment request).
• The proposed investment plan fulfils the incentive effect condition; therefore, no operations shall have commenced on the investment plan prior to the submission of the funding application, as defined in Article 6(2) of Regulation (EU) No 651/2014. 
  • The proposed investment plan is an integrated initial investment, as defined in Article 2 (49) (a) of Regulation (EU) No 651/2014, and specifically, the investment in tangible and intangible assets must be one or more of the following: Establishment of a new facility. Expansion of the production capacity of an existing facility. 
  • The financial contribution of the aid beneficiary for the costs subsidised under Article 14 of Regulation (EU) No 651/2014 amounts to at least 25% through own resources or by external financing and in a form that is free of any public support.
• The potential beneficiary has not relocated, in the two years prior to the aid application, to the business premises where the initial investment for which aid is requested will take place and undertakes not to do so within a maximum period of two years as of completion of the initial investment for which aid is requested.
• Potential beneficiaries active in the fisheries and aquaculture sector must not have committed one or more of the infringements referred to in Article 10(1)(a) to (d) and Article 10(3) of Regulation (EU) No 508/2014 of the European Parliament and of the Council.
• The potential beneficiary must operate or intend to operate exclusively under one of the following legal forms: General Partnership (O.E.), Limited Partnership (E.E.), Limited Partnership (E.E.) by Shares, Limited Liability Company (E.P.E.), 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 (M.I.K.E.).
• The potential beneficiary keeps single-entry or double-entry accounting books pursuant to Law 4308/2014, as in force. Companies (newly established enterprises) maintaining a single-entry accounting system, as well as under-establishment enterprises, are required to maintain a double-entry accounting system from the commencement of operations of the investment plan. 
• The potential beneficiary operates legally by having the appropriate licensing document, in accordance with the applicable legislation and their activity (newly established enterprises). 
• The potential beneficiary has been registered in the Register of Beneficial Owners of Article 20 of Law 4557/2018 (A' 139), as in force.
• The potential beneficiary is not an offshore company. 
• The potential beneficiary must undertake to create a minimum number of new annual work units (AWUs), which will be additional to those in place in the last 12 months prior to the submission of the funding application, and to maintain them for at least 3 years after the final disbursement of the investment. The minimum obligation is defined as follows: 
  • For the establishment of a new facility or the expansion of an existing facility: 1 AWU per €300,000 of aid granted 
  • For the diversification of the output of an existing facility into products or services not previously produced: minimum employment creation obligation: 1 AWU per €350,000 of aid granted 
  • In cases where the investment plan substantiates two categories of initial investment with different obligations (e.g. expansion of a facility and diversification into new products), the minimum obligation shall be that of the category “creation or expansion of a facility”.
• The potential beneficiary undertakes that the investment plan is not carried out on the initiative and on behalf of the State, on the basis of a relevant contract for the execution of a project, concession or provision of services.

The main expenses covered by the Program relate to:

• Personnel costs
• Equipment & transport costs
• Buildings, facilities and surrounding area
• Building acquisition
• Expenses for the provision of services
• Software costs 

Note:

• The start date of the expenditure eligibility is the date of online submission of the funding application. 
• The investment plan should fulfil the incentive effect condition; therefore no operations shall have commenced on the investment plan prior to the submission of the funding application, as defined in Article 6(2) of Regulation (EU) No 651/2014. Should it be established that operations related to the investment plan commenced prior to the date of online submission of the funding application, the entire investment plan shall become ineligible for funding.