The Minister of Development & Investments, Mr. Nikos Papathanasis, announced the opening of applications for inclusion in the agri-food support regime, which includes the primary sector and the processing of agricultural products. This announcement marks the dynamic continuation of the implementation of the provisions of the new Development Law 4887/2022.
The aim of the regime is to support business activities in primary agricultural production and the processing of agricultural products.
The total budget of the present regime for the year 2022 amounts to €150,000,000, of which €75,000,000 relates to the type of support in the form of tax exemption. The remaining €75,000,000 concerns the types of support in the form of grants, leasing subsidies, and subsidies for the cost of newly created employment, and originates from the Public Investment Budget of the Ministry of Development and Investments.
Investment projects submitted must have the character of an initial investment and be implemented in one Regional Unit, specifically meeting one of the following conditions:
a. Creation of a new unit.
b. Expansion of the capacity of an existing unit.
c. Diversification of a unit's production into products or services that have never been produced before.
d. Fundamental change of the entire production process of an existing unit.
Eligible recipients of the support granted under this regime are investment entities established or having a branch in the Greek Territory at the time the investment project begins and have one of the following forms:
a. Commercial company,
b. Cooperative,
c. Social Cooperative Enterprises (Koin.S.Ep.), Agricultural Cooperatives (AS), Producer Groups (OP), Urban Cooperatives, Agricultural Corporate Partnerships (AES),
d. Consortia engaging in commercial activity,
e. Public and municipal enterprises and their subsidiaries, provided that:
f. They are not assigned the service of a public purpose,
g. They are not exclusively assigned by the state to offer services,
h. Their operation is not subsidized with public funds for the duration of the long-term obligations of Article 25.
i. Sole proprietorships with a maximum eligible investment project cost of €200,000.
For inclusion in the regime 'Agri-food – Primary Production and Processing of Agricultural Products – Fisheries – Aquaculture,' a minimum amount of eligible investment project cost is required, which is determined based on the size of the business, specifically amounting to:
a. €1,000,000 for large enterprises,
b. € 500,000 to medium-sized enterprises,
c. €250,000 for small enterprises,
d. €100,000 for very small enterprises,
e. €50,000 for Social Cooperative Enterprises (Koin.S.Ep.), Agricultural Cooperatives (AS), Urban Cooperatives, Producer Groups (OP), Agricultural Corporate Partnerships (AES), and sole proprietorships.
The start date for the submission of applications for investment projects under this regime is set for October 3, 2022, and the closing date for submissions is December 30, 2022.
For more information, request a phone appointment and a specialized economist from our company will contact you.
First Call for Applications for the Support Regime 'Agri-food - Primary Production and Processing of Agricultural Products - Fisheries - Aquaculture'
23 September 2022
Stavros Nikas
ΙΩΝΙΚΗ Cloud
Economist
The Minister of Development & Investments, Mr. Nikos Papathanasis, announced the opening of applications for inclusion in the agri-food support regime, which includes the primary sector and the processing of agricultural products. This announcement marks the dynamic continuation of the implementation of the provisions of the new Development Law 4887/2022.
The aim of the regime is to support business activities in primary agricultural production and the processing of agricultural products.
The total budget of the present regime for the year 2022 amounts to €150,000,000, of which €75,000,000 relates to the type of support in the form of tax exemption. The remaining €75,000,000 concerns the types of support in the form of grants, leasing subsidies, and subsidies for the cost of newly created employment, and originates from the Public Investment Budget of the Ministry of Development and Investments.
Investment projects submitted must have the character of an initial investment and be implemented in one Regional Unit, specifically meeting one of the following conditions:
a. Creation of a new unit.
b. Expansion of the capacity of an existing unit.
c. Diversification of a unit's production into products or services that have never been produced before.
d. Fundamental change of the entire production process of an existing unit.
Eligible recipients of the support granted under this regime are investment entities established or having a branch in the Greek Territory at the time the investment project begins and have one of the following forms:
a. Commercial company,
b. Cooperative,
c. Social Cooperative Enterprises (Koin.S.Ep.), Agricultural Cooperatives (AS), Producer Groups (OP), Urban Cooperatives, Agricultural Corporate Partnerships (AES),
d. Consortia engaging in commercial activity,
e. Public and municipal enterprises and their subsidiaries, provided that:
f. They are not assigned the service of a public purpose,
g. They are not exclusively assigned by the state to offer services,
h. Their operation is not subsidized with public funds for the duration of the long-term obligations of Article 25.
i. Sole proprietorships with a maximum eligible investment project cost of €200,000.
For inclusion in the regime 'Agri-food – Primary Production and Processing of Agricultural Products – Fisheries – Aquaculture,' a minimum amount of eligible investment project cost is required, which is determined based on the size of the business, specifically amounting to:
a. €1,000,000 for large enterprises,
b. € 500,000 to medium-sized enterprises,
c. €250,000 for small enterprises,
d. €100,000 for very small enterprises,
e. €50,000 for Social Cooperative Enterprises (Koin.S.Ep.), Agricultural Cooperatives (AS), Urban Cooperatives, Producer Groups (OP), Agricultural Corporate Partnerships (AES), and sole proprietorships.
The start date for the submission of applications for investment projects under this regime is set for October 3, 2022, and the closing date for submissions is December 30, 2022.
For more information, request a phone appointment and a specialized economist from our company will contact you.
