“Green SME Productive Investment”: 3rd Amendment of Inclusion Decision in the context of the call

The fourth (4th) amendment of the Call for Action “Green Productive Investment SME” of the Program “Competitiveness 2021/27”, due to the inclusion of an additional five hundred and ninety-four (594) approved transactions submitted within the framework of the Call with an eligible co-financed Public Expenditure of 40,408,089.73 euros.

Hereby, the total integrated investment projects in the Action amount to five thousand five hundred and thirty-five
(5,535). The total Public Expenditure amounts to 383,142,893.5 euros.

The Action encourages investment projects aimed at the utilization and development of modern technologies, at the upgrading of the products produced and/or services provided and their activities in general, by rewarding actions that utilize modern technologies, infrastructures and optimal practices in matters of energy upgrading and circular economy.

See the 3rd amendment of the Invitation here.

Green Productive Investment SME

Minimum / maximum subsidized budget: 30,000 euros up to 200,000 euros

Aid rate: Up to 40%

The grant may receive an additional percentage of 10% if “Green Transition” GREEN costs are included at a rate of 20% of the eligible budget of the investment plan when the investment plan is included. The above increased subsidy rate will remain fixed during the stage of interim verifications and payments.

Action Budget: 400,000,000 euros

The Public Expenditure is co-financed by the European Regional Development Fund (ERDF) of the European Union and by National Participation. For reasons of greater complementarity, the financing is done using Joint Support (Article 25 C (EU) 2021/1060) for the financing of interventions that fall within the scope of EKT+ aid.

Budget allocation by Region category

  • €88,000,000 for the Regions in Transition: Attica and South Aegean
  • €312,000,000 for the Least Developed Regions: Northern Aegean, Eastern Macedonia – Thrace, Central Macedonia, Epirus, Thessaly, Western Greece, Crete, Western Macedonia, Ionian Islands, Central Greece, Peloponnese

Beneficiaries

Existing Small, Very Small and Medium Enterprises, which, among other things, should before the date of electronic submission of the financing application:

  • To have at least one (1) complete closed administrative use,
  • To be substantially active (Main Activity Code or Activity Code with the highest revenue) in one (1) eligible activity KAD included in Annex III ELIGIBLE ACTIVITIES (KAD),
  • To have the eligible investment KAD(s) of Annex III – ELIGIBLE ACTIVITIES (KAD),
  • To have at least two (2) EMEs of dependent work during the calendar year preceding the submission of the funding application.

The overall participation requirements of the beneficiaries are presented in detail in the action guide.

Eligible Expenditures for the Action Green Productive Investment SME

  • Buildings, facilities and surrounding area
  • Machines – Equipment (Contractual Expenses)
  • Equipment (GREEN)
  • Certification of Products – Services – Processes
  • Packaging Design – Label – Branding Services
  • Promotion and Outreach Expenses
  • Participation in trade fairs
  • Technical Studies & Consulting Services
  • Means of Transport (GREEN) – Mandatory electric vehicles
  • Salary cost of new employees – (new staff from 1 to 3 EME)
  • Indirect costs

The date of start of expenditure eligibility is defined as the date of electronic submission of the funding application.