Beneficiaries of the aid under the new development law are businesses that are established or have a branch in the Greek territory and have one of the following forms:
- Commercial company,
- Cooperative,
- Social Cooperative Enterprises (SCE), Agricultural Cooperatives (AC), Producers Groups (PG), Producers Organizations (PO), Urban Cooperatives, Agricultural Corporate Partnerships (ACP),
- Companies under formation or merger, provided that they have completed publicity procedures before the start of operations of the investment plan,
- Partnerships engaged in commercial activity,
- Public and municipal enterprises and their subsidiaries, provided that: i. they have not been assigned to serve a public purpose, ii. services have not been exclusively entrusted to them by the state, iii. their operation is not subsidized by public funds during the period of long-term obligations.
- Individual enterprises with a maximum eligible investment cost of two hundred thousand (200,000) euros only for the scheme “Agrifood primary production and processing of agricultural products, fisheries, and aquaculture.”
Excluded from the aid of the schemes of the development law are:
a) troubled businesses, as defined in paragraph 18 of Article 2 of the General Investment Law (Article 1, paragraph 4, case c of the General Investment Law),
b) businesses that have ceased the same or similar activity within the European Economic Area during the two years prior to submitting their application for regional investment aid or that, at the time of submitting their application for aid, have planned to cease such activity within a maximum period of two (2) years after the completion of the investment plan for which they have applied for aid in that specific area (Article 13 case d of the General Investment Law),
c) businesses implementing investment plans carried out at the initiative and for the account of the Public Sector, based on a relevant project execution contract, concession, or service provision.
The support schemes are as follows:
- Digital and technological transformation of businesses.
- Green transition – Environmental upgrading of businesses.
- New entrepreneurship.
- Fair developmental transition.
- Research and applied innovation.
- Agrifood – Primary production and processing of agricultural products – Fisheries.
- Processing – Supply chain.
- Business outward orientation.
- Strengthening tourism investments.
- Alternative forms of tourism.
- Large investments.
- European value chains.
- Entrepreneurship 360th.
Read more
Beneficiaries and Support Schemes
14 June 2023
ΙΩΝΙΚΗ Finance
Beneficiaries of the aid under the new development law are businesses that are established or have a branch in the Greek territory and have one of the following forms:
- Commercial company,
- Cooperative,
- Social Cooperative Enterprises (SCE), Agricultural Cooperatives (AC), Producers Groups (PG), Producers Organizations (PO), Urban Cooperatives, Agricultural Corporate Partnerships (ACP),
- Companies under formation or merger, provided that they have completed publicity procedures before the start of operations of the investment plan,
- Partnerships engaged in commercial activity,
- Public and municipal enterprises and their subsidiaries, provided that: i. they have not been assigned to serve a public purpose, ii. services have not been exclusively entrusted to them by the state, iii. their operation is not subsidized by public funds during the period of long-term obligations.
- Individual enterprises with a maximum eligible investment cost of two hundred thousand (200,000) euros only for the scheme “Agrifood primary production and processing of agricultural products, fisheries, and aquaculture.”
Excluded from the aid of the schemes of the development law are:
a) troubled businesses, as defined in paragraph 18 of Article 2 of the General Investment Law (Article 1, paragraph 4, case c of the General Investment Law),
b) businesses that have ceased the same or similar activity within the European Economic Area during the two years prior to submitting their application for regional investment aid or that, at the time of submitting their application for aid, have planned to cease such activity within a maximum period of two (2) years after the completion of the investment plan for which they have applied for aid in that specific area (Article 13 case d of the General Investment Law),
c) businesses implementing investment plans carried out at the initiative and for the account of the Public Sector, based on a relevant project execution contract, concession, or service provision.
The support schemes are as follows:
- Digital and technological transformation of businesses.
- Green transition – Environmental upgrading of businesses.
- New entrepreneurship.
- Fair developmental transition.
- Research and applied innovation.
- Agrifood – Primary production and processing of agricultural products – Fisheries.
- Processing – Supply chain.
- Business outward orientation.
- Strengthening tourism investments.
- Alternative forms of tourism.
- Large investments.
- European value chains.
- Entrepreneurship 360th.
Development Law 4887/2022
Read more
