Seventh Amendment to the Action: Strengthening the Establishment and Operation of New Small and Medium-Sized Tourism Enterprises

The 7th amendment of the Decision on the Integration of State Aid Acts was published in the framework of the Action:Strengthening the Establishment and Operation of New Tourist Small and Medium Enterprises of EPANEK, regarding the inclusion of an additional four hundred and fourteen (414) business plans with a total public expenditure budget of 62,059,513.37 euros. The Action aims to enhance entrepreneurship in the tourism sector through the creation of new micro, small and medium-sized tourism enterprises.

Budget

The total public expenditure of the Action amounts to 616,681,182.22 euros. It is funded by the Operational Program “Competitiveness, Entrepreneurship, Innovation” and by the Regional Operational Programmes. It is co-financed by the European Regional Development Fund (ERDF).

The public expenditure of the operations proposed for inclusion in the Public Investment Program amounts to EUR 616,681,182.22.

Subsidized expenses of New Tourism Enterprises

  • Buildings, other installations and surroundings
  • Machinery, installations and equipment for the protection of the environment, energy and water saving
  • Means of transport
  • Certification of quality assurance and environmental management systems
  • Promotion/Promotion – Participation in Exhibitions
  • Technical engineering studies and tax and legal consulting services
  • Software and software services
  • Preparation and monitoring of the implementation of an Investment Plan

The costs of the Action, Strengthening the Establishment and Operation of New Tourism Small and Medium Enterprises, are eligible from the date of publication of the invitation.

The deadline for the implementation of the funded investments cannot exceed 60 months in total from the date of issue of the Integration Decision. In the event that a deadline set out above expires on a non-working day, it shall be extended until the first working day.

When the completion dates of the physical and financial object are later than 31-12-2023, then the deadline for completion is set at 31-12-2023.

It is noted that the required permits for the implementation of the Investment Plan (e.g. building permit) are required to have been issued until the first (1st) disbursement of a public grant (excluding the advance payment).

More information about the action here.