Subsidy of working capital of tourism hospitality businesses affected by the pandemic

Program

The action is funded through the Operational Programme  "Competitiveness, Entrepreneurship and Innovation" (EPANEK)  of the NSRF 2021 - 2027 and concerns SMEs and large enterprises, which have main ID or ID with the highest revenues in the tourism sector.

Beneficiaries of the aid, i.e. enterprises eligible for public funding under this Action, are hospitality enterprises of all types, tourist agencies, as well as tourist bus enterprises, regardless of their legal form, which are legally operating and active in the country, whose IDs are included in the Detailed Call for Proposals and which meet the requirements set out in the Detailed Call for Proposals of the Action.

The Action aims to support the reopening of all tourism businesses affected by the impact of the COVID-19 outbreak.

The total public expenditure for the actions of this call for proposals amounts to three hundred and fifty million euros (350.000.000,00€) and is allocated indicatively to three hundred million euros (€300,000,000.00) for SMEs and fifty million euros (€50,000,000.00) for Large Enterprises, from national resources. The final allocation, as well as the final distribution to the regions of the country, will be made after the completion of the payments to the beneficiaries of the aid.

Who it concerns

Beneficiaries of the Action, i.e. enterprises eligible for public funding under this action, are those that meet the following conditions for participation:

• Activity in the tourism sector (main ORD or ORD with the highest revenue)
• Turnover drop in 2020 compared to 2019 of more than 30%, for existing businesses.
  • For newly established businesses (starting from 1/1/2019 to 31/12/2019) the drop in turnover is calculated with an equal number of days of operation, while businesses established after 1/1/2020 will automatically enter the action, without calculation of this criterion.
  • Businesses that were under construction in 2019 and started to have revenue activity in 2020 will be counted for the programme as established in 2020 and will be automatically included.
• Να έχουν συμπληρώσει 1 τουλάχιστον ΕΜΕ μισθωτής εργασίας κατά το έτος 2019. Η ανωτέρω προϋπόθεση συμμετοχής τεκμαίρεται ότι πληρείται για τις επιχειρήσεις που συστάθηκαν εντός του 2020 και για τις επιχειρήσεις που κατά το έτος 2019 αποδεδειγμένα βρίσκονταν σε κατασκευαστικό στάδιο και δεν είχαν έσοδα από επιχειρηματική δραστηριότητα οποιουδήποτε είδους
• Businesses obliged to submit periodic VAT returns

The above basic conditions for the participation of  enterprisesmust be met in their entirety, as failure to meet one or more of them is grounds for rejection of the application for funding.

In particular, undertakings which have concluded franchise agreements, in their capacity as franchisor or franchisee, declare this fact in the application for funding and are checked at the verification stage as to whether they are related undertakings in order to determine the aid to be counted for the purposes of the cumulation check.

Program budget

The total Public Expenditure of this call for proposals amounts to 350.000.000,00 EUR.

It is broken down indicatively into three hundred million euros (€300,000,000.00) for Small and Medium Enterprises and fifty million euros (€50,000,000.00) for Large Enterprises, from national resources. The final allocation, as well as the final distribution to the regions of the country, will be made after the completion of the payments to the beneficiaries of the aid.

The Public Expenditure of the Action is co-financed by National Funds and the European Union and in particular by the European Regional Development Fund (ERDF) under the Operational Programme "Competitiveness, Entrepreneurship and Innovation (EPANEK)" of the NSRF 2021 - 2027.

Amount of subsidy

The public funding covers part of the working capital required by eligible tourism enterprises in the tourism sector to restart their economic activity. Analytically:

• A total non-refundable grant in the form of Working Capital will be allocated to each undertaking (distinct TIN), which may amount to up to a maximum of 5% for businesses with an eligible CDR in category 55 and 2.5% for businesses with another eligible CDR of the annual Turnover for the year 2019, as calculated on the basis of the submitted tax returns of this company (Form E3 for the tax year 2019 submitted in 2020, field 500 Total Income from Sales of Goods and Services)
• For enterprises that have started operations in 2019 or 2020, the imputed 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 days of operation of the year (2019 or 2020) multiplied by 365 or 366 respectively. Total non-refundable aid in the form of Working Capital is granted, which may amount to a maximum of 5% or 2.5% depending on the eligible activity of the gross turnover of the start-up year (2019 or 2020) as calculated
• In businesses that in the year 2019 they were under construction and had no proven income from business activity of any kind, a total non-refundable grant is awarded which may amount to 5% or 2.5% depending on the eligible activity, of the total or the reduced Working Cycle of the year 2020 as defined above. For the calculation of the appropriate turnover (total or imputed), the date of their reopening (first day of revenue) in 2020 after the completion of the construction phase is taken into account 

In all the above cases, the grant cannot exceed the amount of 400.000€ per company (distinct VAT number)

Δεν γίνονται αποδεκτά, για τον υπολογισμό της επιχορήγησης τροποποιητικά φορολογικά στοιχεία (τροποποιητική δήλωση Ε3 ή τροποποιητικές ΦΠΑ) τα οποία υποβλήθηκαν μετά τη δημοσίευση της παρούσας.

Expenses subsidized 

The eligibility start date is 1 April 2021.

The paid working capital advance must have been spent from the date of the start of eligibility of expenditure until 31.12.2021. This will be evidenced by the codes:

• 361 Purchases and expenditure within the country
• 363 Other Imports other than capital goods (fixed assets)
• 364 Intra-Community acquisitions of goods
• 365 Intra-Community downloads of services No. 14.2.a of the forms of the relevant periodic VAT returns for the period 1/4/2021 - 31/12/2021.

Please note that:

• A) The amount of aid to tourism businesses granted by the  actionshould not exceed 70% of the sum of the amounts of Codes 361, 363 and 364 of the VAT periodic return form for the year 2021.
• B) The sum of the amount of public funding from this action, the amount of public funding under the actions to support businesses affected by the pandemic COVID-19 of the Regional Operational Programmes of the NSRF throughout Greece in the form of a grant, may not exceed 100% of the sum of the amounts indicated in Code 367 of the form of the periodic VAT returns for the year 2021.

Σε περίπτωση που ισχύει είτε το (Α) είτε/και το (Β) τότε το ποσό της δημόσιας χρηματοδότησης της παρούσας δράσης καταλογίζεται ως αχρεωστήτως καταβληθέν και επιστρέφεται από τον λήπτη της ενίσχυσης.

Important dates

Start of submissions: 16/06/2021 at 10.00 hrs.

Closing date: 26/09/2021 at 17.00

The evaluation will be immediate and the grant will be disbursed immediately after the inclusion and approval of the application, while the companies must spend the grant by 31-12-2021. The audit will be based on periodic VAT returns and declared expenses.

Necessary supporting documents for submission

10/06/2021
Απαιτούμενα δικαιολογητικά υποβολής αίτησης

Useful files

10/06/2021
Προκήρυξη Δράσης
10/06/2021
Απαιτούμενα δικαιολογητικά υποβολής αίτησης