When a new investment program is announced, questions often arise due to the specific characteristics and requirements outlined in the program's guide. Below are ten common questions regarding the "Green Transformation of SMEs."
1. Are expenses for the installation of photovoltaic net metering stations included in the "green" expenses?
Yes, expenses for the installation of photovoltaic net metering stations are included, up to a capacity of 10 kW.
2. How is the energy produced by photovoltaic stations utilized?
Initially, the produced energy is used to offset the consumed energy. Any excess energy is directed to the storage system until it is full, after which the excess energy is fed into the grid.
3. Is there a right to submit a new application?
Yes, provided that the first application was voluntarily withdrawn, the initial application was rejected, no appeal was submitted, or the appeals were voluntarily revoked.
4. What date is considered the start of the works and consequently the date from which the expenses of the investment plan are eligible?
The start date of the works and eligibility of expenses is defined as the date of the new financing.
5. Which is considered the main NACE code of the company during the application submission?
The main NACE code of the company is the one that generates the highest revenue, as stated in the most recent closed financial year.
6. Are sole proprietorships required to register in the Beneficial Owners Registry?
Sole proprietorships are not required to register in the Beneficial Owners Registry.
7. Is the company required to submit the licensing document for the NACE code related to the investment in the funding request?
There is no obligation to submit the licensing document during the funding application process.
For investment plans in the tourism sector, specifically for accommodation businesses with NACE code "55," how is the nature of the initial investment demonstrated in the case of a fundamental change to the entire production process of the existing unit?
This can be demonstrated through comprehensive modernization (upgrading equipment, buildings, and other facilities, as well as the operational level of the business) or by upgrading the classification (e.g., from 3 to 4 stars).
The entrepreneur has decided to increase the capital using cash and submits bank confirmations and the available balances of the partners. Is it necessary to submit the available balances for the month before the funding application?
Both documents must be submitted and must have the same date.
10. Who must sign the technical report for the documentation of the initial expense?
A technical report must be signed by an engineer if there is an expansion of capacity. However, in all cases, documentation of the essential elements of the initial investment is required.
Ten Frequently Asked Questions about the "Green Transformation of SMEs" Program
18 May 2023
Zisis Chatzopoulos
Economist
ΙΩΝΙΚΗ Finance
When a new investment program is announced, questions often arise due to the specific characteristics and requirements outlined in the program's guide. Below are ten common questions regarding the "Green Transformation of SMEs."
1. Are expenses for the installation of photovoltaic net metering stations included in the "green" expenses?
Yes, expenses for the installation of photovoltaic net metering stations are included, up to a capacity of 10 kW.
2. How is the energy produced by photovoltaic stations utilized?
Initially, the produced energy is used to offset the consumed energy. Any excess energy is directed to the storage system until it is full, after which the excess energy is fed into the grid.
3. Is there a right to submit a new application?
Yes, provided that the first application was voluntarily withdrawn, the initial application was rejected, no appeal was submitted, or the appeals were voluntarily revoked.
4. What date is considered the start of the works and consequently the date from which the expenses of the investment plan are eligible?
The start date of the works and eligibility of expenses is defined as the date of the new financing.
5. Which is considered the main NACE code of the company during the application submission?
The main NACE code of the company is the one that generates the highest revenue, as stated in the most recent closed financial year.
6. Are sole proprietorships required to register in the Beneficial Owners Registry?
Sole proprietorships are not required to register in the Beneficial Owners Registry.
7. Is the company required to submit the licensing document for the NACE code related to the investment in the funding request?
There is no obligation to submit the licensing document during the funding application process.
For investment plans in the tourism sector, specifically for accommodation businesses with NACE code "55," how is the nature of the initial investment demonstrated in the case of a fundamental change to the entire production process of the existing unit?
This can be demonstrated through comprehensive modernization (upgrading equipment, buildings, and other facilities, as well as the operational level of the business) or by upgrading the classification (e.g., from 3 to 4 stars).
The entrepreneur has decided to increase the capital using cash and submits bank confirmations and the available balances of the partners. Is it necessary to submit the available balances for the month before the funding application?
Both documents must be submitted and must have the same date.
10. Who must sign the technical report for the documentation of the initial expense?
A technical report must be signed by an engineer if there is an expansion of capacity. However, in all cases, documentation of the essential elements of the initial investment is required.
