1st amendment to the Call for Action “Strengthening the Establishment and Operation of New Small and Medium Enterprises”
Published the first (1st) modification of the Invitation to submit applications for funding to the Action “Strengthening the Establishment and Operation of New Small and Medium Enterprises”, according to which, The total amount of de minimis aid received in the past by the single enterprise, including aid from this Action, must not exceed the amount of 300,000 euros in any period of three years. When exceeding the maximum limit defined previously, by granting new aid of minor importance, said new aid cannot be included in the benefit of the regulation.
Furthermore, in Appendix II “ELIGIBLE ACTIVITIES (ELECTIVE ACTIVITIES)” of the Detailed Invitation, the following ELECTIVE ACTIVITIES are removed:
- 68.20.11.01 Property rental services, intended for residence
- 68.20.11.02 House room rental services, long term (airbnb)
- 68.20.11.03 Long-term rental services of furnished apartments, not providing customer care services
- 68.20.11.04 Timeshare rental services of residential property
- 77.11.10 Car and light motor vehicle rental and leasing services
- 85.51.10.02 Water sports learning services and
- 85.51.10.03 Diving learning services
- 93.29.11.04 Services of operating sea toys (sea bikes, canoes and similar recreational items)
93.29.11.05 Rental services of umbrellas and/or beach chairs
93.29.11.02 Services of operating sea baths
The amendment also includes additional changes regarding the terms and conditions for participation in the Action, the rates of reinforcement, the procedure and criteria evaluation etc.
The Action concerns the strengthening of investment plans under establishment and newly incorporated businesses SMEs (except the KAD of retail, retail and tourism), which will invest own resources in the activity they intend to carry out and will create new jobs employment.
See the 1st amendment to the Invitation here.
Program Budget
The Action will be implemented with resources from the Competitiveness Program of the NSRF 2021 – 2027 a total of €190,000,000 for the entire country.
The minimum and maximum total supported budget (P/Y) of the funding application is set from €30,000 up to €400,000.
The Action is co-financed by the European Union, in particular by the European Regional Development Fund (ERDF) and by the Greek State.
Subsidy amount
The minimum and maximum total supported budget (P/Y) of the funding application is set from €30,000 up to €400,000.
The grant will amount to 45% of the submitted expenses.
The grant percentage may be increased by:
- 10% if the investment is made in a remote or fire-prone or flood-prone area or small islands and
- Additional 5% upon reaching the employment target of at least 1 EME, in the first year after the completion of the investment
The grant amount can reach up to 200,000 euros.
The aid of this Action will be allocated within the framework of Regulation (EU) no.1407/2013 of the Commission of 18 December 2013 regarding the application of articles 107 and 108 of the Treaty on the Functioning of the European Union to aid of minor importance (De Minimis).
Subsidized expenses
The BASIC categories of eligible expenses are as follows:
- Buildings, Facilities and Environment
- Production and Mechanical equipment
- Equipment for Environmental Protection and Energy Saving
- Circular economy equipment
- Digital Office Equipment
- Other Business Equipment
- Means of Transport (Mandatory electric vehicles)
- Software and software program licenses
- Construction of website, eshop, mobile applications as fixed assets
- Software/Application installation, configuration services – User training
- Software supply/use services under a “Software as a Service”, “cloud computing” or other similar regime
- Expenses for Provision of Services
- Advertising, Promotion & Networking Expenses
- Technical Studies
- Consulting Services
- Indirect costs (up to 7% of the eligible direct costs of the investment plan)