On Wednesday, May 17, the Ministry of Development and Investments signed the 2th Call for the inclusion of investment projects under the “Manufacturing – Supply Chain” Support Scheme of the Development Law 4887/2022.
This announcement marks the launch of the second round of submission of applications for the inclusion of investment projects under the scheme. In the first round, 401 investment projects with a total budget of over one billion euros (€1,004,412,060.19) were submitted nationwide. For the region of Eastern Macedonia and Thrace, 24 investment projects were submitted, with a total budget of €54,449,252.96.
Purpose
The purpose of this scheme is to support investment projects in the manufacturing sector, excluding the processing of agricultural products, and investment projects in the supply chain sector, focusing on technological, production, administrative, and organizational upgrades, as well as their innovative and export-oriented development.
Who it concerns
The scheme concerns businesses in the manufacturing sector, excluding the processing of agricultural products, and investment projects in the supply chain sector. It includes the following forms of entities:
• Commercial companies
• Cooperatives
• Social Cooperative Enterprises (SCE)
• Agricultural Cooperatives
• Producer Groups
• Civil Cooperatives, Agricultural Corporate Partnerships
• Companies under formation or merger, with the obligation to complete publicity procedures before the start of the investment plan's operations
• Consortia engaged in commercial activity
• Public and municipal enterprises and their subsidiaries
Conditions
1)Eligible projects must qualify as initial investments and meet 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 that have never been produced or services that have never been provided
d) Fundamental change in the entire production process of an existing unit
2) The participant's contribution to the total eligible cost of the investment plan can be either through equity or external financing, provided that 25% of the total does not contain any state aid, public support, or provision.
Eligible Expenditures
a. Construction, expansion, and modernization of building facilities
b. Purchase and installation of new, modern machinery and equipment
c. Intangible assets (business organization software, ISO quality assurance systems, purchase of patents, know-how, and proprietary technical knowledge)
d. Payroll costs for new job positions
e. Vehicles used within the investment unit
f. Leasing of machinery and equipment
g. Consultancy services
Budget and Percentage of Aid per Project
The minimum amount for an investment project depends on the size of the enterprise and the type of aid. Specifically:
|
Minimum Investment Plan Amounts
|
|
|---|---|
|
Enterprise
|
Enterprise Investment Plan Amount
|
|
Social Cooperative Enterprise (SCE), Agricultural Cooperative (AC), Producer Organization (PO), Agricultural Cooperative Enterprise (ACE) €50,000
|
50.000 €
|
|
Very small
|
100.000 €
|
|
Small
|
250.000 €
|
|
Medium
|
500.000 €
|
|
Large
|
1.000.000 €
|
|
Support rates
|
|
|---|---|
|
Company size
|
Support rate
|
|
Small and very small
|
35%-75%
|
|
Medium
|
25%-70%
|
|
Large
|
15%-60%
|
Eligibility Start Date for Expenses
The start date for eligible expenses is the date of submission for inclusion in the program.
Completion and Submission Deadline
The final submission deadline for the second round is September 29th , 2023. The project completion date is three (3) years from the publication date of the inclusion decision summary.
For more information, request a phone appointment and a specialized economist from our company will contact you.
Launch of the second round of applications for the Manufacturing and Supply Chain sector under the Development Law.
26 May 2023
Zisis Chatzopoulos
Economist
ΙΩΝΙΚΗ Finance
On Wednesday, May 17, the Ministry of Development and Investments signed the 2th Call for the inclusion of investment projects under the “Manufacturing – Supply Chain” Support Scheme of the Development Law 4887/2022.
This announcement marks the launch of the second round of submission of applications for the inclusion of investment projects under the scheme. In the first round, 401 investment projects with a total budget of over one billion euros (€1,004,412,060.19) were submitted nationwide. For the region of Eastern Macedonia and Thrace, 24 investment projects were submitted, with a total budget of €54,449,252.96.
Purpose
The purpose of this scheme is to support investment projects in the manufacturing sector, excluding the processing of agricultural products, and investment projects in the supply chain sector, focusing on technological, production, administrative, and organizational upgrades, as well as their innovative and export-oriented development.
Who it concerns
The scheme concerns businesses in the manufacturing sector, excluding the processing of agricultural products, and investment projects in the supply chain sector. It includes the following forms of entities:
• Commercial companies
• Cooperatives
• Social Cooperative Enterprises (SCE)
• Agricultural Cooperatives
• Producer Groups
• Civil Cooperatives, Agricultural Corporate Partnerships
• Companies under formation or merger, with the obligation to complete publicity procedures before the start of the investment plan's operations
• Consortia engaged in commercial activity
• Public and municipal enterprises and their subsidiaries
Conditions
1)Eligible projects must qualify as initial investments and meet 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 that have never been produced or services that have never been provided
d) Fundamental change in the entire production process of an existing unit
2) The participant's contribution to the total eligible cost of the investment plan can be either through equity or external financing, provided that 25% of the total does not contain any state aid, public support, or provision.
Eligible Expenditures
a. Construction, expansion, and modernization of building facilities
b. Purchase and installation of new, modern machinery and equipment
c. Intangible assets (business organization software, ISO quality assurance systems, purchase of patents, know-how, and proprietary technical knowledge)
d. Payroll costs for new job positions
e. Vehicles used within the investment unit
f. Leasing of machinery and equipment
g. Consultancy services
Budget and Percentage of Aid per Project
The minimum amount for an investment project depends on the size of the enterprise and the type of aid. Specifically:
|
Minimum Investment Plan Amounts
|
|
|---|---|
|
Enterprise
|
Enterprise Investment Plan Amount
|
|
Social Cooperative Enterprise (SCE), Agricultural Cooperative (AC), Producer Organization (PO), Agricultural Cooperative Enterprise (ACE) €50,000
|
50.000 €
|
|
Very small
|
100.000 €
|
|
Small
|
250.000 €
|
|
Medium
|
500.000 €
|
|
Large
|
1.000.000 €
|
|
Support rates
|
|
|---|---|
|
Company size
|
Support rate
|
|
Small and very small
|
35%-75%
|
|
Medium
|
25%-70%
|
|
Large
|
15%-60%
|
Eligibility Start Date for Expenses
The start date for eligible expenses is the date of submission for inclusion in the program.
Completion and Submission Deadline
The final submission deadline for the second round is September 29th , 2023. The project completion date is three (3) years from the publication date of the inclusion decision summary.
For more information, request a phone appointment and a specialized economist from our company will contact you.
