Signed the second contract notice for the aid scheme "Tourism Investment" with the publication of the following on May 18. After the manufacturing sector and the supply chain is activated the second round and for the tourism industry. During the first round of applications, there were a total of 562 requests for projects to be included, with a total budget of 1.618.160.677,83 €
The aim of the scheme is the upgrading of the tourism product through grant aid in a wide range of tourist investments primarily relate to the creation, expansion and modernization of an integrated form of tourist accommodation in the whole of the Territory.
The investment projects eligible under this scheme include:
• The establishment or expansion of hotels at least 4 star
• The modernisation of an integrated form of hotels owned or upgraded to a category 3 star, as well as the modernization of non-main tourist accommodation, if upgraded to a category of at least 3-star
• The expansion and modernization of an integrated form of hotel units that have ceased operations, provided that the interval has not been a change of use building and that can be upgraded to a category of at least 4 star
• The establishment, expansion and modernization of an integrated form of tourism organised camps which belong to or are upgraded to a category of at least 3-star
• The establishment and modernization of an integrated form of hotel units within a designated traditional or listed buildings, which are owned or upgraded to a category of at least 3-star
• The establishment, expansion and modernization of complex tourist accommodation, as defined in law. 4276/2014 (Α155), deposited as single designs (this does not include the transfer or long-term rental of buildings and facilities)
• The establishment and modernization of non-main tourist accommodation provided,
a. They hold the title "hospitality guesthouse."
b. They are located within traditional settlements in one of the following areas: i. Mountainous areas, according to the Hellenic Statistical Authority (ELSTAT). ii. Border areas (within 30 km from the borders). iii. Island regions (islands with a population of fewer than 3,100 residents).
c. They are classified in the 5-key category.
d. They maintain a minimum of 20 rental rooms.
• Establishment, expansion and modernization of hotels, condo hotels) as defined in law. 4276/2014, provided that the transfer or long-term lease of assisted these sections takes place after the expiry of the maintenance of long-term obligations of the operator of the investment.
The minimum eligible investment cost for inclusion in the "Tourism Investments" aid scheme is:
a. €1,000,000 for large enterprises
b. €500,000 for medium 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 (A.S.), Urban Cooperatives, Producer Groups (O.P.), and Agricultural Corporate Partnerships (A.E.S.)
The level of support varies depending on the specific region. Specifically, for the region of Eastern Macedonia and Thrace, the support level for large enterprises is set at 50%, for medium enterprises at 60%, and for small enterprises at 70%.
As the date for the submission of applications for inclusion of investment projects in this regime is defined as the 12th June 2023 and end date of the cycle submissions the 13th of October 2023.
For more information, request a phone appointment and a specialized economist from our company will contact you.
Second notice for the aid scheme "Tourism Investment" in the Development of Law 4887/2022
23 May 2023
Stavros Nikas
Economist
ΙΩΝΙΚΗ Finance
Signed the second contract notice for the aid scheme "Tourism Investment" with the publication of the following on May 18. After the manufacturing sector and the supply chain is activated the second round and for the tourism industry. During the first round of applications, there were a total of 562 requests for projects to be included, with a total budget of 1.618.160.677,83 €
The aim of the scheme is the upgrading of the tourism product through grant aid in a wide range of tourist investments primarily relate to the creation, expansion and modernization of an integrated form of tourist accommodation in the whole of the Territory.
The investment projects eligible under this scheme include:
• The establishment or expansion of hotels at least 4 star
• The modernisation of an integrated form of hotels owned or upgraded to a category 3 star, as well as the modernization of non-main tourist accommodation, if upgraded to a category of at least 3-star
• The expansion and modernization of an integrated form of hotel units that have ceased operations, provided that the interval has not been a change of use building and that can be upgraded to a category of at least 4 star
• The establishment, expansion and modernization of an integrated form of tourism organised camps which belong to or are upgraded to a category of at least 3-star
• The establishment and modernization of an integrated form of hotel units within a designated traditional or listed buildings, which are owned or upgraded to a category of at least 3-star
• The establishment, expansion and modernization of complex tourist accommodation, as defined in law. 4276/2014 (Α155), deposited as single designs (this does not include the transfer or long-term rental of buildings and facilities)
• The establishment and modernization of non-main tourist accommodation provided,
a. They hold the title "hospitality guesthouse."
b. They are located within traditional settlements in one of the following areas: i. Mountainous areas, according to the Hellenic Statistical Authority (ELSTAT). ii. Border areas (within 30 km from the borders). iii. Island regions (islands with a population of fewer than 3,100 residents).
c. They are classified in the 5-key category.
d. They maintain a minimum of 20 rental rooms.
• Establishment, expansion and modernization of hotels, condo hotels) as defined in law. 4276/2014, provided that the transfer or long-term lease of assisted these sections takes place after the expiry of the maintenance of long-term obligations of the operator of the investment.
The minimum eligible investment cost for inclusion in the "Tourism Investments" aid scheme is:
a. €1,000,000 for large enterprises
b. €500,000 for medium 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 (A.S.), Urban Cooperatives, Producer Groups (O.P.), and Agricultural Corporate Partnerships (A.E.S.)
The level of support varies depending on the specific region. Specifically, for the region of Eastern Macedonia and Thrace, the support level for large enterprises is set at 50%, for medium enterprises at 60%, and for small enterprises at 70%.
As the date for the submission of applications for inclusion of investment projects in this regime is defined as the 12th June 2023 and end date of the cycle submissions the 13th of October 2023.
For more information, request a phone appointment and a specialized economist from our company will contact you.
