The Deputy Minister of Development & Investments Mr. Nikos Papathanasis announced the start from October 3, the submission of applications for the agri-food aid scheme that includes primary production and processing of agricultural products of Development Law 4887/2022.

The deadline for the submission cycle is December 30, 2022.

The purpose of the scheme is to strengthen business activities in primary agricultural production and the processing of agricultural products. The main features of the aid scheme are as follows:

Α. For the primary sector and agri-food aid, applications can be submitted by micro, small and medium-sized enterprises. The total amount of aid cannot exceed €500,000 in accordance with Regulation (EU) 702/2014. The investment plans submitted may concern the establishment of a new unit, the expansion of an existing unit or modernization.

The maximum rates of aid for belonging to the scheme in question are as follows:

• 75% of the amount of eligible expenses, in investment projects carried out in the islands of the Aegean Sea,

• 40% of the amount of eligible expenses, in investment projects carried out in the Region of Attica,

• 50% of the amount of eligible expenses, in investment projects carried out in the remaining Regions of the country.

The investment plans are strengthened with the incentives of the grant, the tax exemption, the leasing subsidy and the subsidy of the cost of the created employment and at the upper limits of the above percentages for each Region of the country.

Β. For the processing of agricultural products, applications can be submitted by all companies. The total amount of aid per investment project submitted by very small and small businesses is set at €3,000,000 for all types of aid. The total amount of aid per investment project submitted by medium and large enterprises is set at €3,000,000 for grants or financial leasing subsidies or subsidies for the cost of employment created and at €5,000,000 for tax exemptions .

The investment plans may concern the establishment of a new unit, the expansion of an existing unit, modernization or diversification into new products. The maximum aid rates are those defined in the 2021/27 Regional Aid Map.

The investment plans are strengthened with the incentives of the grant, the tax exemption, the leasing subsidy and the subsidy of the cost of the created employment.

C. For investment projects that are submitted in modules and combine primary production and processing, the total aid amount is set at the amount of €3,500,000 for very small and small businesses or €3,500,000 for capital incentives (subsidy or financial lease or subsidizing the cost of the created employment) or 5,500,000 euros for the tax exemption, for medium-sized enterprises.

Applications are submitted via the new Integrated Information System, at: https://opsan.mindev.gov.gr which supports the whole life cycle of the investment projects under the Development Law.

For the full text of the call and more information, please visit the website of the General Secretariat for Private Investment and PPPs, at: https://ependyseis.mindev.gov.gr.