The Action aims to support investment projects of existing, small and very small sized enterprises with an aid rate of 50% to 65%.

 

TERMS & CONDITIONS OF PARTICIPATION

An enterprise can apply for the Action if it meets the following conditions:

• Must have at least two (2) complete closed fiscal years prior to the date of online submission of the funding application.
• Have an eligible – according to the Call for Proposals – Investment SIC in sectors such as e.g. product manufacturing, electricity generation, waste collection and treatment, logistics, hotels and similar accommodation, software publishing, data processing services, film and audio production, research and development, testing services, tourism promotion, museums etc. Activities in the trade sector are not eligible.
• Be substantially active for two (2) years [Principal SIC (2023 & 2024) or SIC with the highest revenues (2022 & 2023)] in an eligible – according to the Call for Proposals – SIC.
• Have at least two (2) Annual Work Units (AWUs) in the calendar year preceding the date of submission of the funding application (2024).
• Bearing appropriate licensing document for the principal or the one with the highest revenue SIC.
• Commit to ensure that until the completion of the investment and depending on the type and nature of the operation, it will provide access for people with disabilities to the buildings, services and electronic environments of the company.

 

BUDGET – IMPLEMENTATION PERIOD – EVALUATION METHOD

• Minimum possible budget: 30.000,00€ / Maximum possible budget: 200.000,00€
• The duration of the Action is twenty-four (24) months from the date of publication of the Decision of Inclusion of each project.
• The evaluation method to be followed is on a first-come, first-served basis (FiFo) of the Funding Request and until the available budget is exhausted.

 

RATE OF AID

The aid rate for all investment projects is 50% of the subsidized budget and may be increased by:

• 10% if the investment project includes expenditure under the category “GREEN Equipment” in the amount of at least 20% of the eligible budget
• 5% if the investment is implemented in one of the Municipalities of Agistri, Aegina, Kythera, Kythera, Poros, Salamina, Spetses, Trizinia – Methana, Hydra.

 

ELIGIBLE EXPENDITURE

Category of Expenditure	Sub-Category of Expenditure
Personnel Costs	Full salary costs of newly recruited staff
Expenditure on equipment, means of transport & instruments	Other company equipment (laboratory, quality control, etc.) Digital office equipment Production and mechanical equipment Electric vehicles (commercial or mixed use up to 9 seats)
GREEN Equipment	Equipment to improve energy efficiency/energy saving Circular economy equipment Equipment for the installation of photovoltaic stations and storage systems for electricity production and self-production
Expenditure on Buildings, Grounds, Facilities and Surroundings	Buildings, facilities and surroundings Constructions, configurations, extensions, arrangements to facilitate accessibility for people with disabilities
Expenditure on the provision of services	Costs of submitting the application for funding Advisory support for the implementation of the investment plan Software supply/use services under “Software as a Service”, “cloud computing” or similar Costs of providing services for product and/or process development studies Certification of services & processes according to national, harmonized and other European and international standards Packaging Design Services – Label Design – Branding Intellectual property – Patents – Transfer of know-how
Software Costs	Software and software program licenses
Advertising, promotion and networking expenditure	Expenditure on participation in trade fairs Other publicity – promotion and networking costs
Indirect Costs	Indirect Costs

The date of eligibility of expenditure is the date of publication of the Call for Proposals, i.e. 04/06/2025.

 

Opening Date for the Submission of Applications: 30/06/2025, 13:00

Closing Date for the Submission of Applications: until the available budget is exhausted and at the latest by 30/12/2025

 

For more information you can contact us by phone at 2108020555 or by e-mail at [email protected].