The fifth (5th) amendment of the Decision approving funding applications within the framework of the Action: subsidy of working capital for those affected by the Pandemic of Tourism Hospitality Enterprises - Restarting Tourism of the ERANEK, regarding the additional inclusion of five hundred and sixty-three (563) funding applications, with a total public expenditure of 30.234.022,72 euros, has been published.

particularly:

i) The five hundred and fourteen (514) applications concern small and medium-sized enterprises. The public expenditure amounts to EUR 14,945,379.87.

ii) The twenty-eight (28) applications concern small and medium-sized enterprises with funding of more than 200.000,00 euros, per enterprise. The public expenditure amounts to EUR 9,494,540.99.

iii) Twenty-one (21) applications are for Large Enterprises. The public expenditure amounts to EUR 5,794,101.86.

With the amendment, the total projects included in the Action amount to five thousand five hundred and fifty-four (5,554). The total public expenditure amounts to 226.788.393,73 euros.

Target

The Action, Restarting Tourism, aims to supporting the operation of businesses in the tourism sector after the restart of their operations and in view of the official start of tourism activity for 2021 under the COVID-19 pandemic regime. The support for businesses will be provided by by providing them with sufficient liquidity to restart their economic activity, through non-refundable aid for part of the working capital.

Budget of the Tourism Restart Action

350 million euros for all regions of the country. This amount shall be divided into 300 million euros for Small and Medium Enterprises and 50 million euros for Large Enterprises.

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

The Action is funded as part of the Union's response to the COVID-19 pandemic.

Beneficiaries of the Action

Tourism businesses regardless of their legal form and in particular hospitality businesses of all kinds, tourist agencies, as well as tourist bus companies, whose Nace Codes are included in the Detailed Invitation.

Subsidy for the Restart of Tourism

Up to 400,000 euros per business with a distinct VAT number. Each enterprise will be awarded a total grant in the form of working capital, which may amount to a maximum of 5% for enterprises with an eligible nace code in category 55. The percentage is set at 2.5% for companies with another eligible SMR of the annual Turnover of the year 2019.

For companies that have started operations in 2019 or 2020, the non-repayable aid may amount to a maximum of 5% or 2.5% depending on the eligible activity of the discounted turnover of the year of commencement of operations (2019 or 2020).

In businesses that in the year 2019 were in the construction stage and demonstrably had no income from business activity of any kind, a total non-repayable grant that may amount to a percentage of 5% or 2.5% depending on the eligible activity, on the total or reduced Turnover of the year 2020.

Basic Conditions for Participation

Businesses should, inter alia, meet the following conditions:

• Have started work by 31.12.2020.
• Have completed at least 1 SRM of paid employment in the year 2019. The condition is presumed to be fulfilled in the case of businesses established in 2020. Also for businesses that in the year 2019 were demonstrably in the construction stage and did not have income from business activity of any kind.
• Have until 31.12.2020 as their main activity code or activity code with the highest revenues one of the eligible Nace codes of Chapter 6: "ELIGIBLE AREAS OF ACTIVITY". Specifically, for businesses that start operations before 01.01.2020, the audit is based on the CAR with the largest revenues, as indicated in the relevant Field of the E3 Tax Year 2019 Form submitted in the year 2020. For companies that started work in 2020, as well as for companies that were in the construction stage in the year 2019, the audit is based on the main Nace code of activity.
• Keep haplographic or duplicative books of n. 4308/2014.
• Be liable to submit VAT returns.
• Show a decrease in their turnover in the year 2020. The percentage must be at least 30% in relation to the 2019 turnover.
• Submit one Funding Application per VAT number and only for one eligible Activity Code Number, for all their tourist accommodation facilities or other tourist activities.