A new action titled "Enhancement of Existing Enterprises with Priority in RIS3 Strategy Sectors" under the regional program "Eastern Macedonia and Thrace 2021-2027" is expected to launch in the coming days.
The purpose of the action is to support initiatives of existing micro, small, and medium-sized enterprises (SMEs) in the Region of Eastern Macedonia and Thrace (R-EMT) that are substantially active—i.e., they hold a primary NACE code or generate the largest revenue in the calendar year preceding the submission of the funding application—in the following RIS3 strategy sectors:
1. materials, construction and industry
2. tourism, culture and creative industries
3. agrifood chain
4. environment and circular economy
5. life sciences, health, pharmaceuticals
6. transport and logistics chain
7. sustainable energy
8. digital technologies
The total available public expenditure amounts to €30,000,000.
1. Terms and Conditions for Participation
Enterprises wishing to submit their investment plans for funding must meet the following criteria:
- Have at least two (2) full fiscal years completed prior to the date of electronic submission of the funding application.
- Operate within Greek territory, and the project must be implemented exclusively within the Region of Eastern Macedonia and Thrace.
- Qualify as a micro, small, or medium-sized enterprise (SME).
- Be substantially active in RIS3 strategy sectors, i.e., have a primary NACE code or generate the largest revenue in eligible activity sectors in the calendar year preceding the submission of the funding application.
- The investment plan must relate to at least one of the eligible NACE codes of the action.
- Submit a single funding application per tax identification number (TIN).
- Demonstrate the availability of at least 60% of the required private contribution for the investment plan.
Additionally, enterprises can choose between two aid schemes: Regulation EU 651/2014 (GBER) or Regulation EU 2831/2023 (OJ EL L 15.12.2023) (De minimis). Under GBER, investment plans with budgets ranging from €300,000 to €1,000,000 are eligible, while under Regulation EU 2831/2023, plans with budgets between €70,000 and €600,000 are eligible.
2. Eligible Expenses
- Personnel Costs
Eligible up to 20% of the subsidized budget and up to €45,000 for 1 to 3 FTEs under Regulation EU 2831/2023 (De minimis).
- Costs of Equipment and transport means
This category is eligible under both aid schemes, with rates varying based on type. For example, production and mechanical equipment may be funded up to 100%, while transport means may be funded up to 40% and up to €50,000.
- Costs for Land, Buildings, Facilities & Surroundings
Construction expenses can reach up to 60% of the budget.
- Expenses for Provision of Services
This includes branding, certification of services and procedures, software installation and customization, SaaS procurement, application submission costs, and monitoring of the investment plan.
- Expenditure Software
Covers software procurement and licensing (licenses) up to 30% of the budget.
- Expenditure Projection, Promotion & Networking
Eligible expenses include website creation or upgrades and participation in trade fairs.
- Indirect Costs
Mandatory under Regulation EU 2831/2023 (De minimis).
3. Aid intensity
The subsidy rate is set at 50% of the subsidized budget in all cases.
4. Eligibility Start Date for Expenses
According to the draft invitation made public for consultation, the eligibility of expenses starts from the date of electronic submission of the funding application. The deadline for eligible expenses is the final completion date of the project, i.e., twenty-four (24) months from the issuance of the Decision of Approval of Evaluation Results.
5. Application Submission Start Date
The announcement of the action is expected to specify the dates for application submissions. The submission process is anticipated to commence in the second half of November and will last until January 2025.
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Enhancement of Existing Enterprises with Priority in RIS3 Strategy Sectors in the Region of Eastern Macedonia and Thrace
Stavros Nikas
Economist
ΙΩΝΙΚΗ Finance
A new action titled "Enhancement of Existing Enterprises with Priority in RIS3 Strategy Sectors" under the regional program "Eastern Macedonia and Thrace 2021-2027" is expected to launch in the coming days.
The purpose of the action is to support initiatives of existing micro, small, and medium-sized enterprises (SMEs) in the Region of Eastern Macedonia and Thrace (R-EMT) that are substantially active—i.e., they hold a primary NACE code or generate the largest revenue in the calendar year preceding the submission of the funding application—in the following RIS3 strategy sectors:
1. materials, construction and industry
2. tourism, culture and creative industries
3. agrifood chain
4. environment and circular economy
5. life sciences, health, pharmaceuticals
6. transport and logistics chain
7. sustainable energy
8. digital technologies
The total available public expenditure amounts to €30,000,000.
1. Terms and Conditions for Participation
Enterprises wishing to submit their investment plans for funding must meet the following criteria:
- Have at least two (2) full fiscal years completed prior to the date of electronic submission of the funding application.
- Operate within Greek territory, and the project must be implemented exclusively within the Region of Eastern Macedonia and Thrace.
- Qualify as a micro, small, or medium-sized enterprise (SME).
- Be substantially active in RIS3 strategy sectors, i.e., have a primary NACE code or generate the largest revenue in eligible activity sectors in the calendar year preceding the submission of the funding application.
- The investment plan must relate to at least one of the eligible NACE codes of the action.
- Submit a single funding application per tax identification number (TIN).
- Demonstrate the availability of at least 60% of the required private contribution for the investment plan.
Additionally, enterprises can choose between two aid schemes: Regulation EU 651/2014 (GBER) or Regulation EU 2831/2023 (OJ EL L 15.12.2023) (De minimis). Under GBER, investment plans with budgets ranging from €300,000 to €1,000,000 are eligible, while under Regulation EU 2831/2023, plans with budgets between €70,000 and €600,000 are eligible.
2. Eligible Expenses
- Personnel Costs
Eligible up to 20% of the subsidized budget and up to €45,000 for 1 to 3 FTEs under Regulation EU 2831/2023 (De minimis).
- Costs of Equipment and transport means
This category is eligible under both aid schemes, with rates varying based on type. For example, production and mechanical equipment may be funded up to 100%, while transport means may be funded up to 40% and up to €50,000.
- Costs for Land, Buildings, Facilities & Surroundings
Construction expenses can reach up to 60% of the budget.
- Expenses for Provision of Services
This includes branding, certification of services and procedures, software installation and customization, SaaS procurement, application submission costs, and monitoring of the investment plan.
- Expenditure Software
Covers software procurement and licensing (licenses) up to 30% of the budget.
- Expenditure Projection, Promotion & Networking
Eligible expenses include website creation or upgrades and participation in trade fairs.
- Indirect Costs
Mandatory under Regulation EU 2831/2023 (De minimis).
3. Aid intensity
The subsidy rate is set at 50% of the subsidized budget in all cases.
4. Eligibility Start Date for Expenses
According to the draft invitation made public for consultation, the eligibility of expenses starts from the date of electronic submission of the funding application. The deadline for eligible expenses is the final completion date of the project, i.e., twenty-four (24) months from the issuance of the Decision of Approval of Evaluation Results.
5. Application Submission Start Date
The announcement of the action is expected to specify the dates for application submissions. The submission process is anticipated to commence in the second half of November and will last until January 2025.
Read more
