April 25, 2024 5 min read
Manufacturing – Supply Chain: Over 1 billion. the investment plans

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The 1st round of applications for investment projects under the Aid Scheme for Manufacturing - Supply Chain of the new Development Law 4887/2022 was completed on 31 October 2022.

A total of 401 investment projects with a total budget of €1,004,412,060.19 were submitted to this aid scheme. Based on the specific applications, more than 3,800 new jobs are expected to be created.

Specifically:
  • 15 investment projects concern the Region of Western Macedonia, with a total budget of €32,609,792.98.
  • 51 investment projects concern the Region of Thessaly, with a total budget of €112,922,313.13.
  • 24 investment projects concern the Region of Eastern Macedonia - Thrace, with a total budget of €54,449,252.96.
  • 105 investment projects concern the Region of Central Macedonia, with a total budget of €295,595,921.70.
  • 3 investment projects concern the Region of the Ionian Islands, with a total budget of €3,267,360.81.
  • 55 investment projects concern the Region of Central Greece, with a total budget of €173,710,105.93.
  • 53 investment projects concern the Region of Attica, with a total budget of €136,232,057.94.
  • 9 investment projects concern the Region of Western Greece, with a total budget of €13,044,152.31.
  • 19 investment projects concern the Region of Epirus, with a total budget of €55,071,466.28.
  • 4 investment projects concern the North Aegean Region, with a total budget of €5,521,299.97.
  • 19 investment projects concern the Peloponnese Region, with a total budget of €47,343,627.21.
  • 41 investment projects concern the Region of Crete, with a total budget of €63,340,501.97.
  • 3 investment projects concern the South Aegean Region, with a total budget of €11,304,207.

In the near future, the evaluation of the above affiliation applications will follow, in accordance with the prescribed procedure defined in the new Development Law 4887/2022.

It is reminded that the submission of applications for the two other aid schemes for Tourism Investment and Agri-food through the Information System of the Development Law ( opsan.mindev.gov.gr ), with a submission deadline of 5 December 2022 and 30 December 2022 respectively.

Adonis Georgiadis, Minister of Development and Investments

"The absolute success that crowned the 1st cycle of the 1st regime of the Development Law 4887/2022 comes as another, strong proof of the investment interest in the Greek economy, with a focus on manufacturing and the supply chain. At the same time, it is also culmination of extremely careful preparation που έχουμε κάνει στο υπουργείο Ανάπτυξης & Επενδύσεων, για την οποία θέλω να συγχαρώ τους συνεργάτες μου και τα υπηρεσιακά στελέχη στο υπουργείο.

The very large response of businesses is predicted to be similar to the other two regimes, Promotion of Tourism Investments and Agri-Food, for which the submission of applications is in progress, as well as the remaining regimes which are about to be successively announced. We utilize every available financial tool to promote investments and strengthen businesses in the direction of increasing their competitiveness through the adoption of innovation and high technology and encouraging their extroversion, with the creation of new jobs, for the overall benefit of the economy and the Greek people".

Nikos Papathanasis, Deputy Minister of Development and Investment for Manufacturing - Supply Chain

"The 1st round of applications for investment projects under the Aid Scheme for Manufacturing - Supply Chain of the new Development Law 4887/2022 has been successfully completed. The interest of enterprises in this scheme was high, with 401 investment projects having already applied for inclusion. These investment projects are expected to create more than 3,800 jobs, where boosting employment is one of our main goals.

The new Development Law substantially changes the environment for granting state aid to private investments. And this in order to achieve the greatest possible efficiency of public resources. Alongside, with the new user-friendly Information System, we simplify and speed up the required procedures. The business world already showed confidence, responding to the first invitation. Something we estimate will happen in the other two Regimes that are in progress."

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