The pre-publication of the action "Aid for the Establishment and Operation of New Small and Medium-Sized Enterprises" has been announced. The official call for proposals is expected to be issued shortly, marking the formal start of this initiative.
Purpose
The purpose of this action is to enhance entrepreneurship through the creation of new micro, small, and medium-sized enterprises across selected NACE codes in all sectors of the economy, excluding catering, retail, and tourism. The budget for this action amounts to €190,000,000 and will be funded through the "Competitiveness" program of the NSRF 2021-2027.
Eligible to submit proposals are newly established or under-construction medium-sized, small, and micro enterprises.
Basic Requirements for Participation
The primary requirements for inclusion in the program for the new businesses are as follows:
- The investment must be made exclusively in one region.
- The business must operate solely within eligible NACE codes, as defined in the Detailed Invitation, which will be published throughout the duration of the investment project. Start-ups must begin operations only under eligible NACE codes of the action.
- Provide accurate data and information on the location of the investment on specific property (land, building, or other self-contained space).
- An approved building permit must be obtained, or at least a request for its issuance must be filed if constructing or completing a building, from the date of the electronic submission opening specified in the announcement.
- Provide documentation of their rights of use (ownership, usufruct, lease) for the property.
- Provide a Land Use Certificate for the above location of the investment.
- Evidence ensuring Private Participation at a percentage to be specified in the Detailed Invitation must be presented.
- Meet the conditions of application of Regulation (EU) 1407/2013 (De Minimis) upon which the Action is based.
Eligible activities
This action covers a wide range of economic activities, excluding tourism, retail trade, and catering. New businesses in the sectors of agri-food production, construction, health, services, information and communication technology, and wholesale trade may receive funding.
Budget for Investment Projects
The minimum budget for investment projects under this action is €40,000, while the maximum is €400,000.
The grant will amount to 45% of the submitted expenses.
The percentage of aid may be increased by (a) 10% if the investment is made in a remote, fire-stricken, flood-affected area, or small islands, and (b) an additional 5% if the goal of employing at least one Full-Time Equivalent (FTE) is achieved within the first year after project completion.
The implementation duration of the investment plans is set at 24 months from the date of the inclusion decision without the possibility of extension.
Eligible Costs
Eligible costs under this action include:
- Buildings, Installations, and Environmental Space
- Machinery – Equipment
- Digital Equipment and Software
- Other Equipment
- Start-up assistance (initial operation of SMEs)
- Promotion and Export Expenses
- Technical Studies
- Consulting Services
- Transportation means
- Indirect expenses (up to 7% of the eligible direct expenses of the investment plan)
The selected eligible activity codes (KAD) will be specified in the Detailed Call of the Action.
The deadline and method for submission, required documentation, beneficiary obligations, and other terms of implementation will be described in the Detailed Call of the Action.
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Aid for the Establishment and Operation of New Small and Medium-Sized Enterprises
ΙΩΝΙΚΗ Finance
The pre-publication of the action "Aid for the Establishment and Operation of New Small and Medium-Sized Enterprises" has been announced. The official call for proposals is expected to be issued shortly, marking the formal start of this initiative.
Purpose
The purpose of this action is to enhance entrepreneurship through the creation of new micro, small, and medium-sized enterprises across selected NACE codes in all sectors of the economy, excluding catering, retail, and tourism. The budget for this action amounts to €190,000,000 and will be funded through the "Competitiveness" program of the NSRF 2021-2027.
Eligible to submit proposals are newly established or under-construction medium-sized, small, and micro enterprises.
Basic Requirements for Participation
The primary requirements for inclusion in the program for the new businesses are as follows:
- The investment must be made exclusively in one region.
- The business must operate solely within eligible NACE codes, as defined in the Detailed Invitation, which will be published throughout the duration of the investment project. Start-ups must begin operations only under eligible NACE codes of the action.
- Provide accurate data and information on the location of the investment on specific property (land, building, or other self-contained space).
- An approved building permit must be obtained, or at least a request for its issuance must be filed if constructing or completing a building, from the date of the electronic submission opening specified in the announcement.
- Provide documentation of their rights of use (ownership, usufruct, lease) for the property.
- Provide a Land Use Certificate for the above location of the investment.
- Evidence ensuring Private Participation at a percentage to be specified in the Detailed Invitation must be presented.
- Meet the conditions of application of Regulation (EU) 1407/2013 (De Minimis) upon which the Action is based.
Eligible activities
This action covers a wide range of economic activities, excluding tourism, retail trade, and catering. New businesses in the sectors of agri-food production, construction, health, services, information and communication technology, and wholesale trade may receive funding.
Budget for Investment Projects
The minimum budget for investment projects under this action is €40,000, while the maximum is €400,000.
The grant will amount to 45% of the submitted expenses.
The percentage of aid may be increased by (a) 10% if the investment is made in a remote, fire-stricken, flood-affected area, or small islands, and (b) an additional 5% if the goal of employing at least one Full-Time Equivalent (FTE) is achieved within the first year after project completion.
The implementation duration of the investment plans is set at 24 months from the date of the inclusion decision without the possibility of extension.
Eligible Costs
Eligible costs under this action include:
- Buildings, Installations, and Environmental Space
- Machinery – Equipment
- Digital Equipment and Software
- Other Equipment
- Start-up assistance (initial operation of SMEs)
- Promotion and Export Expenses
- Technical Studies
- Consulting Services
- Transportation means
- Indirect expenses (up to 7% of the eligible direct expenses of the investment plan)
The selected eligible activity codes (KAD) will be specified in the Detailed Call of the Action.
The deadline and method for submission, required documentation, beneficiary obligations, and other terms of implementation will be described in the Detailed Call of the Action.
Read more
