On 07/03/2023, the action package “Green Transition for SMEs” was announced with a budget of €700,000,000. This highly anticipated program primarily aims to encourage investment projects that focus on leveraging and developing modern technologies, upgrading produced products and/or provided services, and generally enhancing their activities, by promoting actions that utilize modern technologies, infrastructure, and best practices in energy upgrading, circular economy, and the adoption of clean energy sources (e.g., the use of RES systems). Submissions will start on 22/03/2023.
The Action Package is divided into two actions:
Action 1 – Green Transformation of SMEs
Eligible beneficiaries of this Action are existing very small, small, and medium-sized enterprises, which must, among other things, have met the following requirements before the electronic submission date of the funding application:
- Have at least one (1) completed fiscal year,
- Hold the eligible NACE codes for investment,
- To Significantly operate (Main Activity Code or Code with the highest revenue) in one (1) eligible Activity Code.
- Have at least three (3) FTEs (full-time equivalents) in dependent employment in the calendar year preceding the funding application submission.
- Additionally, no work should have commenced on the investment project before the submission of the funding application.
The budget for investment projects ranges from 200.001€ to 1.000.000€.
Funding Rate: 40%
The grant percentage may be increased by 10%, provided that “Green Transition” expenditures are incurred and certified at a rate of at least 20% of the total eligible budget of the investment project during the final verification stage.
The maximum duration for completing the physical and financial objectives is twenty-four (24) months from the date of the Approval Decision.
Eligible expenses include:
- Buildings, installations, and surrounding areas
- Machinery – Equipment (Conventional Expenses)
- Equipment (GREEN)
- Product – Service – Process Certification
- Packaging – Labeling – Branding Design Services
- Promotion and Export Expenses
- Participation in trade fairs
- Technical Studies & Consulting Services
- Transportation Means (GREEN) – Mandatory electric
- Salary costs for new employees – (new staff from 1 to 3 FTEs)
- Indirect expenses
Action 2 – Green Productive Investment for SMEs
Eligible beneficiaries of this Action are existing very small, small, and medium-sized enterprises, which must, among other things, meet the following basic conditions before the electronic submission date of the funding application:
- Have at least one (1) completed fiscal year,
- Hold the eligible NACE codes for investment,
- To Significantly operate (Main Activity Code or Code with the highest revenue) in one (1) eligible Activity Code.
- Have at least (2) FTEs in dependent employment in the calendar year preceding the funding application submission.
The eligibility date for expenses is set as the date of electronic submission of the funding application.
The budget for investment projects ranges from 30.000€ to 200.000€
Funding Rate: 40%
The grant percentage may be increased by 10%, provided that “Green Transition” expenditures are incurred and certified at a rate of at least 20% of the total eligible budget of the investment project during the final verification stage.
The maximum duration for completing the physical and financial objectives is twenty-four (24) months from the date of the Approval Decision.
Eligible expenses include:
- Buildings, installations, and surrounding areas
- Machinery – Equipment (Conventional Expenses)
- Equipment (GREEN)
- Product – Service – Process Certification
- Packaging – Labeling – Branding Design Services
- Promotion and Export Expenses
- Participation in trade fairs
- Technical Studies & Consulting Services
- Transportation Means (GREEN) – Mandatory electric
- Salary costs for new employees – (new staff from 1 to 3 FTEs)
- Indirect expenses
The Actions will remain open until the budget is exhausted for each regional category.
For more information, request a telephone appointment by clicking the button below, and a specialized economist from our company will contact you.
Announcement of the “Green Transition for SMEs” Action Package
8 March 2023
ΙΩΝΙΚΗ Finance
On 07/03/2023, the action package “Green Transition for SMEs” was announced with a budget of €700,000,000. This highly anticipated program primarily aims to encourage investment projects that focus on leveraging and developing modern technologies, upgrading produced products and/or provided services, and generally enhancing their activities, by promoting actions that utilize modern technologies, infrastructure, and best practices in energy upgrading, circular economy, and the adoption of clean energy sources (e.g., the use of RES systems). Submissions will start on 22/03/2023.
The Action Package is divided into two actions:
Action 1 – Green Transformation of SMEs
Eligible beneficiaries of this Action are existing very small, small, and medium-sized enterprises, which must, among other things, have met the following requirements before the electronic submission date of the funding application:
- Have at least one (1) completed fiscal year,
- Hold the eligible NACE codes for investment,
- To Significantly operate (Main Activity Code or Code with the highest revenue) in one (1) eligible Activity Code.
- Have at least three (3) FTEs (full-time equivalents) in dependent employment in the calendar year preceding the funding application submission.
- Additionally, no work should have commenced on the investment project before the submission of the funding application.
The budget for investment projects ranges from 200.001€ to 1.000.000€.
Funding Rate: 40%
The grant percentage may be increased by 10%, provided that “Green Transition” expenditures are incurred and certified at a rate of at least 20% of the total eligible budget of the investment project during the final verification stage.
The maximum duration for completing the physical and financial objectives is twenty-four (24) months from the date of the Approval Decision.
Eligible expenses include:
- Buildings, installations, and surrounding areas
- Machinery – Equipment (Conventional Expenses)
- Equipment (GREEN)
- Product – Service – Process Certification
- Packaging – Labeling – Branding Design Services
- Promotion and Export Expenses
- Participation in trade fairs
- Technical Studies & Consulting Services
- Transportation Means (GREEN) – Mandatory electric
- Salary costs for new employees – (new staff from 1 to 3 FTEs)
- Indirect expenses
Action 2 – Green Productive Investment for SMEs
Eligible beneficiaries of this Action are existing very small, small, and medium-sized enterprises, which must, among other things, meet the following basic conditions before the electronic submission date of the funding application:
- Have at least one (1) completed fiscal year,
- Hold the eligible NACE codes for investment,
- To Significantly operate (Main Activity Code or Code with the highest revenue) in one (1) eligible Activity Code.
- Have at least (2) FTEs in dependent employment in the calendar year preceding the funding application submission.
The eligibility date for expenses is set as the date of electronic submission of the funding application.
The budget for investment projects ranges from 30.000€ to 200.000€
Funding Rate: 40%
The grant percentage may be increased by 10%, provided that “Green Transition” expenditures are incurred and certified at a rate of at least 20% of the total eligible budget of the investment project during the final verification stage.
The maximum duration for completing the physical and financial objectives is twenty-four (24) months from the date of the Approval Decision.
Eligible expenses include:
- Buildings, installations, and surrounding areas
- Machinery – Equipment (Conventional Expenses)
- Equipment (GREEN)
- Product – Service – Process Certification
- Packaging – Labeling – Branding Design Services
- Promotion and Export Expenses
- Participation in trade fairs
- Technical Studies & Consulting Services
- Transportation Means (GREEN) – Mandatory electric
- Salary costs for new employees – (new staff from 1 to 3 FTEs)
- Indirect expenses
The Actions will remain open until the budget is exhausted for each regional category.
For more information, request a telephone appointment by clicking the button below, and a specialized economist from our company will contact you.
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