The twelfth (12th) amendment to the Decision on the Inclusion of Applications for funding under the Action has been published: Working Capital Subsidy to Catering Enterprises for the Supply of Raw Materials - Restarting Catering, of EPANEK, concerning the additional inclusion of one thousand ninety-four (1,094) applications for funding, total public expenditure of EUR 10,187,219.00, of which: a) one thousand ninety-two (1,092) applications, with Eligible public expenditure of EUR 10,078,200.23 relates to small and medium-sized enterprises and b) the two (2) applications public expenditure of 109.018,77 euros relates to large enterprises.

With the 12th amendment, the total number of projects included in the Action amounts to twenty-four thousand seven hundred and ninety-six (24,796). The total public expenditure amounts to EUR 234 980 627,35.

Objective of the Action

The Action aims to subsidize SMEs and Large Enterprises in the catering sector to support them after the restart of their operation, under the covid-19 pandemic, by supplying raw materials necessary for their operation.

Budget of the Action

330 million euros for all the regions of the country, which are allocated:

• 280 million euros for small and medium-sized enterprises
• 50 million euros for large enterprises

This amount may be increased to cover all positively assessed applications for funding.

The Action is funded as part of the Union's response to the COVID-19 pandemic.

Beneficiaries of the Action

Catering establishments, regardless of their legal form, operating in at least one of the following Nace codes :

• 56.10: Restaurant and mobile food service activities
• 56.21: Catering activities for events
• 56.29.20: Other food services
• 56.30: Beverage supply activities

Subsidy for the 12th amendment

The subsidy can reach up to 100,000 euros.

Each company with a distinct VAT number will be awarded a total non-repayable grant in the form of working capital that may amount to a maximum of 7% of the annual turnover for the year 2019.

In the businesses that have done start of works in 2019 or in 2020 a total grant in the form of working capital is given which may amount to a maximum of 7% of the discounted turnover of the year of commencement of operations (2019 or 2020). The discounted turnover of the year of commencement of operations (2019 or 2020) is calculated as the total turnover of the year (2019 or 2020) divided by the number of operating days of the year (2019 or 2020) multiplied by 365 or 366 respectively.

To undertakings which, according to in the year 2019 were in the construction stage and demonstrably had no income from business activity of any kind, attributed Total grant which may amount to a maximum of 7% of total or reduced turnover of the year 2020. For the calculation of the appropriate turnover (total or reduced) the date of their re-operation (first revenue day) in 2020 after the completion of the construction stage is taken into account.

Basic Conditions for Participation

Businesses should, among other things, satisfy the following conditions:

• Have started work by 31.12.2020
• Have as their main activity code or activity code with the highest revenue one of the eligible SMRs of Chapter 6: "ELIGIBLE AREAS OF ACTIVITY". For businesses that commenced operations before 01.01.2020, the audit is based on the CAR with the highest revenues, as indicated in the relevant Field of Form E3 (Statement of financial data from business activity) of the tax year 2019 submitted in the year 2020. For companies that start operations in 2020, the audit is based on the main Nace Codes
• Keep haplographic or duplicative books of n. 4308/2014
• Be liable to submit VAT returns
• Show a decrease in turnover of the year 2020 of at least 30% compared to the turnover of 2019
• The potential recipient of the aid submits one Application for Funding per VAT number, for all its catering establishments

The businesses they have entered into franchise agreements in their capacity as licensor or franchisee, declare This fact in the application for funding and checked at the verification stage as to whether they are linked undertakings in order to determine the aid counted towards the control of cumulation.

Eligible expenditure for the 12th amendment

The costs of undertakings for the procurement of raw materials shall be eligible from 1 April 2021 onwards.

You can find more information about the Action here.