April 26, 2024 5 min read
Subsidy program for the employment of 4,000 unemployed in Attica and South Aegean

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Business applications for the Business Grant Programme for the employment of 4,000 unemployed people aged 30 and over in the country's Most Developed Regions (MDR), with a focus on women, have started.

Specifically, it concerns the Regional Units:

The action is implemented in cycles as follows:

  • The first cycle involves the creation of 3,000 full-time jobs
  • The next cycles concern the creation of the remaining jobs until the total budget of the action is exhausted.
  • Each subsequent cycle shall be launched 4 months after the closing date for the submission of applications for funding in the previous cycle. The opening and closing dates for applications are published on the OAED website, the website of the Ministry of Development and Investment and the NSRF website.

Target Audience

The action is aimed at private enterprises and generally private sector employers engaged in regular economic activity.

A prerequisite for the inclusion of a company in the action is that it has not reduced its staff during the last quarter before the date of submission of the application for funding (calendar). It must also not have received funding from state aid of more than €200,000 in the previous 3 years (current and two previous).

As long as the number of staff on the start date of the audited quarter is the same and on the date of submission of the application it remains stable - regardless of whether there are any staff changes during this period - it is possible to integrate the enterprise into the action. The above condition of non-reduction of staff should be respected and for the period of time from the date of submission of the application up to Date of adoption of the approval decision of the business in action.

Details of the eligible business categories in section 5.2 of the Call (see Relevant files).

Submission period for the employment of 4.000 unemployed persons

From 17/1/2022 to 17/2/2022 (at 15:00)

The application for funding is submitted electronically to the State Aid Information System (PSKE) of the Ministry of Development and Investment, at the following address: www.ependyseis.gr/mis by selecting the relevant indicator.

Businesses that maintain branches and wish to hire people to work in them submit a separate application for each branch, provided that they have created the relevant access codes to both OAED and PSKE before submitting the application for funding.

Only one application shall be submitted per head office and/or branch per cycle.

Type of aid

Employment subsidy - employer contributions / Staff Training

Application area

  • Region of Attica
  • South Aegean Region

Eligible areas

Regional Unit of Western Athens Sector municipalities:

  • Ag. Varvara
  • Agioi Anargyroi-Kamatero
  • Egaleo
  • Iliou (Neon Liosion)
  • Peristeri
  • Petroupoli
  • Chaidari

Regional Unit of Piraeus municipalities:

  • Municipalities of Keratsini-Drapetsona
  • Korydallos
  • Nikaia Ag. Ioanni Renti
  • Piraeus
  • Perama
  • Aspropyrgos
  • Elefsina
  • Mandras-Idylias
  • Megareon
  • Fylis

South Aegean Region municipalities:

  • Andros
  • Anafi
  • Thira
  • Iiton
  • Sikinou
  • Folegandros
  • Agathonisiou
  • Astypalaias
  • Kalymnion
  • Leipson
  • Leros
  • Patmos
  • Karpathos
  • Kassos
  • Kea
  • Kythnos
  • Kos
  • Nisyros
  • Kimolos
  • Milos
  • Serifos
  • Sifnos
  • Mykonos
  • Amorgos
  • Naxos & Small Cyclades
  • Antiparos
  • Paros
  • Megisti
  • Rhodes
  • Symis
  • Tilos
  • Chalkis
  • Syros-Ermoupolis
  • Tinos

Terms and conditions

Terms and conditions of participation are detailed in section 5.2 of the Invitation.

What is funded: employment of unemployed

Subsidy on wage and non-wage costs of the beneficiary for 12 months of full-time employment, including monthly gross earnings, employer's insurance contributions as well as Christmas and Easter holiday allowances and holiday allowances.

The action is implemented by applying a scale of unit costs, according to the nos. 15738/5-02-2021 and 16581/11-2-2020 documents of the Special Service for Institutional Support (SSS), based on which The unit cost per full-time job (25 insurance days) amounts to nine hundred and thirty-three euros (933.00) per month. The grant to compensate for the costs of the action shall be an amount corresponding to at a rate of 50% to 75% of the above scale of unit costs Specifically:

Category of unemployed Subsidy rate (%) Amount (€)

Unemployed men (up to 12 months and up to 49 years) 50% 466.50

Unemployed men aged 50 and over (up to 12 months of unemployment) 60% 559.80

Long-term unemployed men (over 12 months of unemployment) 65% 606.45

Long-term unemployed men aged 50 and over 70% 653.10

Unemployed women 75% 699.75

For each day of insurance/employment that falls short of 25 days, the above monthly grant amount is reduced by 1/25.

The total duration of the grant for the employment of 4,000 unemployed is set at 12 months. The maximum amount of the grant that an enterprise can receive for each beneficiary depending on the category of unemployed person is set out below:

Eligible expenditure category Public expenditure per beneficiary (€)

Unemployed men (up to 12 months and up to 49 years) 5,598.00Unemployed men (up to 12 months and up to 49 years) 5,598.00

Unemployed men aged 50 and over 6,717.60

Long-term unemployed 7,277.40

Long-term unemployed aged 50 and over 7,837.20

Unemployed women 8,397.00

Subsidy budget: employment of the unemployed

The program, with a total budget of 26,000,000 euros, is co-financed by Greece and the European Union (European Social Fund), through the EP. "Human Resource Development, Education and Lifelong Learning 2014-2020".

See the relevant Invitation here. Make a phone appointment with us

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