Eligible Businesses
They may submit a proposal to the Action under establishment and start-ups medium, small and micro enterprises, as defined in Commission Recommendation 2003/361/EC.
The term newly established businesses are defined as businesses for which 12 months of continuous operation have not passed from the date of the start of the business up to the date of the announcement of the action.
Investment Plans and Support Rates
The subsidized budget of each investment project ranges from 30.000 € to 400.000 €.
The grant will amount to 45% on the submitted expenses.
The aid rate may be increased by (a) 10% if the investment is carried out in a remote or fire-affected or flood-prone area or small islands and (b) by an additional 5% upon reaching the goal of employing at least 1 SME, in the first year after investment completion.
The duration of the implementation of the physical and financial object of the investment plan will be strictly 24 months, not accepting any extension.
Submission period
(is expected)
For the evaluation of the action will be applied is the Comparative assessment.
Ως minimum acceptable total score for the approval of an investment plan, grade 7 is set0.
- To invest exclusively in one Region.
- To operate exclusively in eligible KAD, as he/she will be defined in the Detailed Invitation that is expected to be issued throughout the implementation of their investment plan. Newbies to have start only in eligibleKAD of the Action.
- To provide accurate details and location data of the place of implementation of the investment on a specific property (field, building or other type of independent space).
- In cases of construction and completion of buildings, Building permit in force, or application for its issuance or pre-approval of a building permit or confirmation of building conditions or at least a submitted application for pre-approval of a building permit or confirmation of building conditions
- To provide details of the rights of use (ownership, usufruct, lease) they hold on the property.
- To provide a Land Use Certificate for the above place of implementation of the investment. § To provide evidence of securing the Private Participation in a percentage that will be set in the Detailed Invitation.
- To meet the conditions of application of Reg. EU 1407/2013 (De Minimis) on which the Action is based.
All the conditions for participation will be defined in the Detailed Call for Action.
Please note that:
– the corporate/shareholder composition of the investment project should remain the same during implementation, until the completion of the physical and economic object and the repayment of the investment and for five years thereafter
– the participation of a Natural/Legal Person as a partner/shareholder in more than one submitted funding application is not permitted
– the participation of a Natural/Legal Person as a partner is not permitted if it already has a business activity in operation in the KAD (2-digit analysis) of the investment in the same or in another region.
– it is not permissible to substantially change the physical object of the project and the relevant KAD investment during implementation, until the completion of the physical and economic object and the repayment of the investment and for five years from it. For example, it is not allowed to change activity from a Manufacturing KAD to a Services KAD and vice versa.
What is funded
The BASIC categories of eligible expenses are as follows:
- Buildings, Facilities and Environment
- Machinery – Equipment
- Digital Equipment and Software
- Other Equipment
- First operation (SME start-up) aid
- Advertising and Outreach Expenses
- Technical studies
- Consultant agency
- Means of transport
- Indirect costs (up to 7% of the eligible direct costs of the investment plan)
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