The sixth (6th) amendment of the Call for applications for funding of business plans under the ERANEK Action, Quality Modernization, has been published. Accordingly, the deadline for the completion of the funded investments is set at (39) months and one hundred and thirty-two (132) days from the date of adoption of the Inclusion Decision. If a period expires on a non-working day, it shall be extended until the first working day.

Especially and only for those investment projects the date of issue of the Integration Decision is up to 15-10-2018, their completion deadline cannot exceed thirty-six (36) months and one hundred and thirty-two (132) days from the date of issue of the Integration Decision.

For those investment projects, the date of issue of the Decision for their inclusion in the Action is later than 11-06-2020, their completion deadline cannot exceed thirty-nine (39) months from the date of issue of the Integration Decision. In all cases the duration of implementation cannot exceed 31-12-2023.

The Quality Modernisation Action aims to improve the competitiveness of medium-sized enterprises by investing in their productive modernisation and the adoption of standardisation and certification systems.

Budget of the Action

The budget amounts to 150 million euros for all regions of the country.

The Action is co-financed by the European Regional Development Fund (ERDF) of the European Union and by national resources.

Beneficiaries of the Action Qualitative Modernisation

Existing Medium-sized Enterprises which before the date of electronic submission of the application for funding:

• at least 3 administrative uses of twelve months have been closed
• have at least one eligible Nace Code listed in Annex IV.

Investment Plans & Subsidy

Investment Plans 50,000 euros to 400,000 euros.

50% of the eligible costs are subsidised.

Eligible Sectors of Activity

As a matter of priority:

• Agri-food / Food Industry
• Energy
• Supply Chain
• Cultural and Creative Industries (CCI)
• Environment
• Tourism
• Information and Communication Technologies ICT
• Health
• Materials – Constructions

Basic Conditions for Participation

Businesses should:

• Have the status of a medium-sized enterprise, in accordance with Commission Recommendation 2003/361/EC (Annex VII "Definition of Undertaking in Difficulty")
• Operate legally with all the necessary operating licenses
• To operate as A.E., LTD, OE, EU, IKE, NEPA, Sole Proprietorship, Social Cooperative Enterprise of Law 4430/2016, Cooperative and to keep or commit to keep if approved haplographic or duplicate books of Law 4308/2014
• Submit to investment projects expenditure that has not been financed and has not been included in another programme financed by national or Community resources
• To make one investment proposal per VAT number, exclusively in only one Region

Qualitative Modernisation - Subsidised Expenditure

• Machinery – Equipment, up to 100% of the investment plan
• Certification – Quality Management Systems, Design, Standardization and Product Certification up to 100% of the investment plan
• Means of transport
• Preparation and monitoring of the investment plan
• Wage costs of employees (new staff)

Costs shall be eligible from the date of publication of the call.

Applications for funding are assessed on a first-come, first-served basis, according to the date of electronic submission of the investment project.

Online Submission

Businesses submit an online application for funding, accompanied by an online application file, to the State Aid Information System (PASKE) at www.ependyseis.gr/mis.

The electronic application file includes the required Annex I submission/inclusion documents in a non-editable electronic file format (e.g. pdf file).

ATTENTION: Please note that each attached document must have a capacity of up to 10 MB.

New users when registering in the State Aid Information System (SAIS):

• select: "Strengthening Entrepreneurship Actions"
• fill in the VAT number of the business and then
• select the Action entitled Quality Modernisation

Businesses were only allowed to submit up to two additional new funding applications if each of their previous applications has been rejected or there has been a voluntary written withdrawal of the previous funding application.

You can find more information about the Action here.