The first submissions of investment projects by cooperative schemes have started in the loan component of the Recovery and Resilience Fund (RDF ).

Already, have submitted 29 Producer Groups from Central and Northern Greece applications for assistance from the Recovery Fund. Of these groups, 15 have also submitted a file for receiving the grant, in the framework of the implementation of the sub-project of the CDF: Modernisation of the Primary Sector.

In total, it is about investments of EUR 40,5 million euros, of which 22,5 million euro shall be subsidised 50% from the Subproject: Modernisation of the Primary Sector.

The the remaining 18 million euros come from the loan funds of the CDF and in particular from the Pillar: Developing economies of scale through partnerships, acquisitions and mergers.

With these investments, the cooperating cotton producers will be able to modernise their equipment, improve their productivity and achieve significant synergies.

How investment is allocated

The investments to be made are broken down as follows:

• 3,7 million. euro for premises
• 19 million. euros for machinery
• 5,9 million. euros for equipment
• 2,4 million. euro for digital equipment and
• 0,2 million. euro for other expenditure

In addition, an amount of EUR 9,3 million euro relates to working capital, which is necessary for the operation of the cooperative scheme.

The areas

The investments from the Recovery Fund, with a total budget of 40.5 million euros, will be implemented in the following regions of the country:

In Central Macedonia (investments of €14.7 million) and specifically in the Prefectures:

• Imathia: 2,3 million euros
• Pieria: 4,3 million euros
• Thessaloniki: 4 million euros
• Kilkis: 1,5 million euros
• Serres: 2,6 million euros

In Central Greece (€4 million investment) in the Prefectures:

• Boeotia: 2,9 million euros
• Fthiotida: 1.1 million. euros

In Thessaly (€14.6 million investment) in the Prefectures:

• Magnesia: 1,2 million euros
• Larissa: 8,2 million euros
• Trikala: 1,1 million euros
• Karditsa: 4,1 million euros

In Eastern Macedonia and Thrace (investments of €7.2 million) in the Prefectures:

• Drama: 1,2 million euros
• Rodopi: 6 million euros

More investments are expected to follow under the TAA from other cotton producers, as well as from wheat, maize and rice producers.

Please note that interested parties submit their proposals to the Pillar: "Development of economies of scale through partnerships, acquisitions and mergers" of the National Plan "Greece 2.0".

It is clarified that in these cases, the cooperating persons authorize - through a notarized document - a TIN to submit the application to the platform of the loan component of the TAA, at: https://greece20-loans.gov.gr/welcome/.

The independent evaluator, selected from the Register of Evaluators for the loans of the National Recovery and Resilience Plan "Greece 2.0", shall verify that the conditions are met for each of the cooperating person's TINs.