The eleventh (11th) amendment of the Decision on the Inclusion of Applications for funding under the Action has been published: Working Capital Subsidy to Food Service Enterprises for the Supply of Raw Materials - Restarting Food Service of the EPANEK, regarding the additional inclusion of one thousand one hundred and twenty-two (1,122) funding applications, total public expenditure of EUR 11,551,378.35, of which:

• a) The 1,116 applications for funding, with an eligible public expenditure of EUR 10,951,378.35, concern small and medium-sized enterprises. With the present amendment of the decision of integration, the total integrated / co-financed projects in the Action amount to twenty-three thousand six hundred and eighty-six (23,686). The total public expenditure of these should amount to 223.490.383,17 euros.
• b) The six (6) applications for funding, with a total public expenditure of EUR 600,000.00, concern large enterprises. With this amendment, the total projects included in the Action, of this category, amount to sixteen (16). The public expenditure ineligible for co-financing (under paragraph 2 of article 33 of Law 4314/2014) for large enterprises amounts to EUR 1,303,025.18.

With the amendment, the total number of projects included in the Action for the Restarting of Focus on Food amounts to twenty-three thousand seven hundred and two (23.702) and the total public expenditure amounts to EUR 224.793.408,35.

Objective of the Action

The Action aims to subsidize SMEs and Large Enterprises in the catering sector to support them after the restart of their operation, under the covid-19 pandemic, by supplying raw materials necessary for their operation.

Budget of the Action: relaunching the catering sector

330 million euros for all the regions of the country, which are divided into 280 million euros for small and medium-sized enterprises and 50 million euros for large enterprises.

This amount may be increased to cover all positively assessed applications for funding.

React EU - Action funded as part of the Union's response to the COVID-19 pandemic

Beneficiaries of the Action

Catering establishments, regardless of their legal form, operating in at least one of the following Nace codes :

• 56.10: Restaurant and mobile food service activities;
• 56.21: Catering activities for events,
• 56.29.20: Other catering services,
• 56.30: Beverage supply activities.

Subsidy for the Restart of Catering

Up to 100,000 euros.Each company with a distinct VAT number will be awarded a total non-repayable grant in the form of working capital that can amount to a maximum of 7% of the annual turnover for the year 2019.

In the businesses that have done start of works in 2019 or in 2020 a total grant in the form of working capital is given which may amount to a maximum of 7% of the discounted turnover of the year of commencement of operations (2019 or 2020). The discounted turnover of the year of commencement of operations (2019 or 2020) is calculated as the total turnover of the year (2019 or 2020) divided by the number of operating days of the year (2019 or 2020) multiplied by 365 or 366 respectively.

To undertakings which, according to in the year 2019 were in the construction stage and demonstrably had no income from business activity of any kind, attributed Total grant which may amount to a maximum of 7% of total or reduced turnover of the year 2020. For the calculation of the appropriate turnover (total or reduced) the date of their re-operation (first revenue day) in 2020 after the completion of the construction stage is taken into account.

Basic Conditions for Participation

Businesses should, among other things, satisfy the following conditions:

• Have started work by 31.12.2020.
• Have as their main activity code or activity code with the highest revenue one of the eligible SMRs of Chapter 6: "ELIGIBLE AREAS OF ACTIVITY". For businesses that commenced operations before 01.01.2020, the audit is based on the CAR with the highest revenues, as indicated in the relevant Field of Form E3 (Statement of financial data from business activity) of the tax year 2019 submitted in the year 2020. For companies that start operations in 2020, the audit is based on the main Nace Code
• Keep haplographic or duplicative books of n. 4308/2014.
• Be liable to submit VAT returns.
• Show a decrease of 30% in the turnover of the year 2020, at least compared to the turnover of 2019.
• The potential recipient of the aid submits one Application for Funding per VAT number, for all its catering facilities.

Undertakings which have entered into franchise agreements, in their capacity as licensor or franchisee, shall declare this fact in the application for funding. They shall be checked at the verification stage as to whether they are affiliated undertakings. This is in order to determine the aid to be counted towards the control of cumulation.

Eligible expenditure

The costs of undertakings for the procurement of raw materials shall be eligible from 1 April 2021 onwards.

The paid working capital advance for the procurement of raw materials should have been consumed from the date of commencement of expenditure eligibility until 31.12.2021.

You can find more information about the action here.