The notice for the Scheme of Aid for Tourism Investment Support under the new Development Law 4887/2022 was signed on Friday, August 5, by the Deputy Minister of Development and Investment Mr. Nikos Papathanasis.

The date of the start of the submission of applications for investment projects under the Scheme, Aid for Tourism Investments, shall be 5 September 2022. As the expiry date of the submission cycle is 5 December 2022.

In order to benefit from this aid scheme, the minimum amount of eligible costs of the investment project shall be:

1. EUR 1.000.000 for large companies,
2. EUR 500 000 for medium-sized enterprises,
3. EUR 250 000 for small businesses;
4. EUR 100 000 for micro-enterprises;
5. 50,000 euros for Social Cooperative Enterprises (SCE). As well as Agricultural Cooperatives (DP), Urban Cooperatives, Producer Groups (OP) and Agricultural Partnerships (A.E.S.).

Applications are submitted via the new Integrated Information System (https://opsan.mindev.gov.gr/) . The system supports the whole "life cycle" of the investment projects of the Development Law. For the full text of the call and more information, visit the website of the General Secretariat for Private Investment and PPPs ( https://ependyseis.mindev.gov.gr ).

Adonis Georgiades, Minister of Development for the Promotion of Tourism Investment

"I am particularly pleased that today, just two weeks after the announcement of the new Development Law for the Aid scheme, Manufacturing - Supply Chain , we are signing the second scheme for the Tourism Investment Support Scheme, which targets a sector vital to the growth of our economy. It is another success of the Ministry of Development and Investments and especially of the Deputy Minister, Mr. Nikos Papathanasis. With the tool of the new Development Law, we are creating a modern investment model that will make our country competitive in attracting new investments, contributing decisively to the strengthening of the economy and the creation of more and better jobs".

Nikos Papathanasis, Deputy Minister of Development and Investments

"When the new Development Law was passed by the Parliament, we committed to activate the first aid schemes as soon as possible, in order to satisfy the increased interest of the business community. In the space of just two weeks we have launched two aid schemes, firstly the "Manufacturing-Supply Chain" and today the Support for Tourism Investments that comes to support a very important and powerful sector of the Greek economy, tourism. We are continuing our work unabated and we will very soon move on with the next aid schemes. We change the productive model of the country and give everything the necessary skills in entrepreneurship to flourish and vigorously enhance employment in our country".