Support for the Establishment of Micro and Small Enterprises in Island Areas of the JTF 2021–2027 Programme (“Go Green”)

Support for the Establishment of Micro and Small Enterprises in Island Areas of the JTF 2021-2027 Programme ("Go Green")

The Action "Go Green" is part of the Just Development Transition Programme (JTF Programme) 2021-2027 and aims to boost entrepreneurship on small islands of the country with a population of up to 3,100 inhabitants. The main aim is to support new and under-establishment micro and small enterprises with a green and innovative orientation, so that they contribute to economic diversification, job creation and sustainable development.

The action encourages investment plans based on the use of modern technologies, aiming to upgrade products and services, improve energy efficiency and promote "green" entrepreneurship. It is funded by the European Just Transition Fund and applies the de minimis Regulation (EU 2023/2831).

Support for the Establishment of Micro and Small Enterprises in Island Areas of the JTF 2021-2027 Programme ("Go Green") - Who it concerns

Under the Action "Go Green", a funding application may be submitted by under-establishment and newly established medium-sized, small and micro enterprises that are expected to operate in selected activity KAD codes on islands with a population of up to 3,100 inhabitants.

Under-establishment enterprises are those that will register their start of business with the competent tax office (DOY) after the electronic submission of the funding application.

Newly established enterprises are those that have registered their start of business and, on the date of electronic submission of the funding application, have fewer than two (2) full closed financial years (for which the proper tax forms were filed).

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 the local authorities (OTA) and all the above public bodies, individually or jointly, participate directly or indirectly with more than twenty-five per cent (25%) (and enterprises treated as such, as main partners). Sports clubs and associations of every kind and sports sociétés anonymes are also not entitled to submit a funding application.
• offshore enterprises
 

Terms and Conditions for the Participation of Beneficiaries

1. New enterprises submit one single funding application per tax identification number (AFM).
2. The same investment body (enterprise / shareholder / partner / owner) does not take part in more than one (1) investment plan that concerns an under-establishment enterprise.
3. They operate or will operate in Greek territory and make an investment exclusively in one (1) establishment within the geographical boundaries of the following areas:

Go Green - Program budget

The Action "Go Green" will be implemented with resources of the Just Transition Fund (JTF) totalling €30,000,000. 

The minimum and maximum total aided budget of the funding application is set from €20,000 up to €150,000.

Go Green - Amount of subsidy

The grant  will amount to 70%  of the expenses submitted and the Private contribution to 30% (own funds or bank loan)

The aid of this Action will be provided under Commission Regulation (EU) No 1407/2013 of 18 December 2013 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid (De Minimis).

Expenses subsidized

The MAIN categories of eligible expenses in the Action "Go Green" are the following:

On completion of the investment and on its finally certified budget:

• Expenses for the protection of the Environment and for Saving Energy must be implemented at a rate of at least 30%. If expenses totalling 30% are not certified, the rate of Public Funding will be reduced accordingly so that the 30% quota of the above expenses on the subsidised budget is kept.
• The rate of 7% of indirect expenses on the finally certified direct expenses must be kept

Go Green - Important dates

Start date for submitting applications: 08/05/2025 at 13:00

End date for submitting applications: 10/07/2025 at 15:00

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

The duration for implementing the physical and financial scope of the investment plan is set at 18 months from the date the Decision Approving the evaluation results is issued.

The method that will be applied for the evaluation of the action is Comparative Evaluation.

Supporting documents required for submission

Supporting documents - Newly established - Support for the Establishment of Enterprises on islands "Go Green" (in Greek)

Supporting documents - Under establishment - Support for the Establishment of Enterprises on islands "Go Green" (in Greek)

Useful files

Action Guide "Support for the Establishment of Micro and Small Enterprises in Island Areas of the JTF 2021-2027 Programme ("Go Green")" (in Greek)

1st Amendment of the Action (in Greek)