The programme

Under the "North Aegean" Programme of ESPA 2021-2027 and Priority 1: "Transformation of the Region's economy, by increasing the size and productivity of enterprises, mainly also through smart specialisation (ERDF)", the aim is to strengthen the competitiveness of the enterprises of the Region of North Aegean, with continuous adaptation to the new international conditions of production and trade, and to transform them through the adoption of more sustainable, efficient and green business models.

The action "Sales Promotion and Export Development" is funded under the above programme and falls under Specific Objective 1.3: "Enhancing sustainable growth and competitiveness of SMEs and job creation in SMEs, including by productive investments". Through it, the aim is to strengthen the activities of the priority sectors of the Regional Smart Specialisation Strategy (RIS3), by supporting existing micro, small and medium-sized enterprises of the Region of North Aegean.

The actions that will be supported concern the following:

• Preparation of a business plan that sets out the specific goals of each SME.
• Search for opportunities in new markets at home and/or abroad through market research, participation in trade fairs, organisation of trade/business missions.
• Strengthening of their position in existing markets abroad, mainly by widening their networks and partnerships, development of new products, with corresponding interventions in equipment and production processes, mainly by using digital technology.
• Upgrading of the promotion of products abroad through branding, establishment of a quality mark for the products produced, participation in recognised international trade fairs etc.

Every investment plan will receive additional points if it is demonstrably linked to at least one priority of the RIS3 of the Region of North Aegean and the expenses included in it serve that priority.

Who it concerns

In the Action " Sales Promotion and Export Development ", the beneficiaries that can receive public funding under this action are existing medium-sized, small and micro enterprises 

Existing enterprises are those that have at least two (2) full closed financial years, 2022-2023, before the date the funding application is submitted electronically.

A closed full financial year means a year for which the final financial result has been determined in the accounts and the proper tax forms (e.g. forms E3 & N) have been filed with AADE (the tax authority), and which lasts 12 months.

The main conditions for participation of the potentially benefiting enterprises are the following:

1. They must submit one single funding application per tax identification number (AFM).
2. They must operate, or will operate, in Greek territory and make the investment exclusively within the Region of North Aegean.
3. They must have closed at least two (2) full financial years (2022-2023) before the date the funding application is submitted electronically.
4. The enterprise must have at least one (1) AWU of salaried employment in the year before the year the funding application is submitted.
5. The proposed investment plan must concern at least one of the eligible KAD codes, in which the beneficiaries must operate substantially in the closed financial year 2023 (main KAD code or KAD code with the highest revenue).
6. The subsidised budget of the investment plan must not exceed three times the highest turnover achieved in one of the two full closed financial years before the date the funding application is submitted (2022-2023), and must be higher than the minimum limit set
7. They provide evidence that the Private Contribution of the proposed investment plan is secured at a rate of at least 25% of the Total Budget
8. They must have the status of a Micro or Small or Medium-Sized Enterprise
9. They must operate legally, holding the appropriate licensing document under the legislation in force for their aided activity (e.g. operating licence, solemn declaration of start of operation, exemption from an operating licence, notification of start of operation etc.). If the licence has not been issued or has expired, the relevant application for its issue/renewal must be submitted.

Enterprises with activities for which no operating licence is required must submit a Solemn Declaration by the Legal Representative confirming that no operating licence needs to be issued, or a document of exemption from the relevant obligation, with relevant documentation.

10. They must operate exclusively under one of the following forms of enterprise: enterprises of a corporate/commercial nature, i.e. société anonyme (A.E.), limited liability company (E.P.E.), general partnership (O.E.) or limited partnership (E.E.), private company (I.K.E.), sole proprietorships and Social Cooperative Enterprises of Law 4430/2016 as in force, Shipping Company of Pleasure Boats (NEPA), Agricultural Cooperatives
11. They must keep single-entry or double-entry books under Law 4308/2014, as in force.
12. They must be registered in the Register of Beneficial Owners of Article 20 of Law 4557/2018 (A' 139), as in force.
13. They must not be in bankruptcy, liquidation or compulsory administration, and the enterprise's creditors must not have filed an application for restructuring
14. They must meet the conditions for applying Regulation (EU) 2831/2023 (De Minimis) (OJ EL L 15.12.2023), on which the Action is based. More specifically, the total amount of de minimis aid granted per Member State to a single undertaking does not exceed €300,000 over the last three years (three years calculated on a rolling calendar basis).
15. They must not have completed the physical scope of the investment, or implemented it in full, before the funding application is submitted.
16. They must commit that the expenses included in this funding application have not been funded and are not included in another programme funded from national or Community resources.
17. They must commit that the expenses included in this funding application, if approved, will not be submitted to another programme funded from national or Community resources.
18. The place where the investment is implemented must not be the beneficiary's home (main or secondary).
19. They must commit that, until the investment is completed and depending on the type and nature of the proposed Operation, they will see to the appropriate interventions so that persons with disabilities have access to the building infrastructure, the services and the electronic environments, in accordance with the institutional framework in force
20. They must submit a funding application electronically, accompanied by all the necessary data, supporting documents and forms

All of the above conditions must be met. Failure to meet one or more of them excludes the investment plan and is therefore a reason for rejection.

It is noted that:

• Co-location of enterprises is not allowed, so that the fixed assets of the aided investment cannot be used by another enterprise. Co-location means that the aided enterprise is installed in the same, non-distinct space as another enterprise (for example, sharing common utility networks). If co-location of enterprises is found, where the fixed assets of the aided investment can be exploited by another enterprise, the inclusion decision will be revoked.

The following are not entitled to submit a funding application:

• Financial and insurance institutions, public enterprises, public bodies or public organisations and/or their subsidiaries, Legal Entities under Public Law (NPDD), as well as companies in whose capital or voting rights local authorities (OTA) and all the above public bodies participate, directly or indirectly, individually or jointly, with more than twenty-five per cent (25%) (and enterprises treated as such, as main partners). In addition, sports clubs, associations and sports sociétés anonymes of any kind are not entitled to submit a funding application, nor are enterprises related to the above categories in any way (for example: parent, subsidiary, linked, partner, common ownership/management through natural persons etc.).
• Offshore companies

Program budget

The Public Expenditure of the Action amounts to €4,000,000 with the possibility of 200% overcommitment and is co-financed by the European Regional Development Fund (ERDF) of the European Union and by National Participation.

Amount of subsidy

The subsidised budget of each investment plan ranges from €60,000 to €300,000.

The subsidised budget may not exceed three times the highest turnover achieved in one of the two full closed financial years before the date the funding application is submitted (2022-2023), with a ceiling of €300,000.

The public expenditure for all investment plans amounts to 50% of the subsidised budget, while the remaining amount is covered by private contribution.

Expenses subsidized

The main categories of expenses covered by the Action "Sales Promotion and Export Development" are the following:

• Staff expenses
• Expenses for Equipment, Means of Transport & Instruments
• Expenses for the Provision of Services
• Software Expenses
• Expenses for Publicity, Promotion & Networking
• Indirect Expenses

When forming the proposed subsidised budget of the investment plan, the requested expenses must be linked to the following categories of eligible expenses:

The start date for the eligibility of expenses is the date of publication of the call of the Action

Important dates

Start of submission of applications: 16/09/2024 at 13:00

End of submission of applications: 14/11/2024 at 15:00

The start date for the eligibility of expenses is the date of publication of the call of the Action

Duration of Implementation of the Investment Plan: The deadline for completing the funded investments may not exceed twenty-four (24) months from the date the funding application is approved.

Supporting documents required for submission

Sales Promotion and Export Development - Supporting documents for submission (in Greek)

Useful files

16/09/2024

Sales Promotion and Export Development - Call of the Action (in Greek)

04/10/2024

Sales Promotion and Export Development - 1st Amendment of the Action (in Greek)