“MADE IN GREECE”: New ESPA Programme for Supporting Manufacturing SMEs

MADE IN GREECE
The action "MADE IN GREECE" of the "Competitiveness 2021-2027" Programme aims to strengthen domestic production in critical sectors of the Greek economy by increasing the production capacity of small and medium-sized enterprises in the manufacturing sector.

The intervention focuses on grants to enterprises for the production of products in high international demand, strengthening both the coverage of the domestic market and export activity. At the same time, it seeks to upgrade the competitiveness of Greek enterprises through investments in technology, innovation and quality, contributing overall to the sustainable development of the Greek economy.

Who it Concerns

Beneficiaries:

Manufacturing enterprises that meet the following:

• They are micro enterprises, small enterprises or medium-sized enterprises 
• they have at least 1 closed financial year
• they had at least 1 employee (1 AWU) in the previous year
• they have an up-to-date operating licence

Indicative sectors of activity:

• Pharmaceutical Industry
• Food Industry
• Beverage Production 
• Medical and Dental Instruments
• Dental Technicians
• Production of Basic Metals
• Production of Chemicals and Chemical Products
• Manufacture of Plastic & Rubber Products
• Production of Non-Metallic Minerals (Building Materials)
• Manufacture of Metal Products
• Shipbuilding and Boats
• Manufacture of Electrical Equipment
• Manufacture of Machinery and Equipment 
• Paper Industry and Paper Products
• Textiles and Clothing
• Wood and Furniture Industry

The detailed list of eligible KAD codes is available in the section Useful files. 

Program budget

Total budget of the action: €50,000,000 for the whole of Greece.

Budget of each proposal
The minimum and maximum total aided budget of each funding application is set from €100,000 up to €400,000.

The total subsidised budget of the investment plan may not exceed the highest turnover achieved in one of the three (or fewer, if the enterprise does not have three) financial periods before the year the funding application is submitted, with an aid ceiling of €200,000.

Amount of subsidy

Aid rate:

The subsidy rate can reach up to 55% with the fast implementation Bonus. The +5% Bonus applies under the following condition: If the beneficiary submits a request for payment of the aid that covers expenses of at least 80% of the approved budget within 9 months of the final approval, the subsidy rate rises to 55%. The bonus is chosen when the application is submitted.

The aid scheme is based on the De Minimis Regulation (EU 2023/2831).

The total subsidised budget of the investment plan may not exceed the highest turnover achieved in one of the three (or fewer, if the enterprise does not have three) financial periods before the year the funding application is submitted, with an aid ceiling of €200,000.

Expenses subsidized

The expenses that can be included as eligible are:

The implementation period of your investment plan starts from the decision approving the evaluation results.

Useful Files

Supporting Documents for Submission  of the Action "MADE IN GREECE: New ESPA Programme for Supporting Manufacturing SMEs" (in Greek)

ELIGIBLE KAD CODES – MADE IN GREECE (in Greek)