The "Green Productive Investment for SMEs" action is part of the "Green Transition for SMEs" initiative. The pre-publication of the action was posted a few days ago, and the call for proposals is expected, according to the planned schedule, at the beginning of 2023. This initiative is essentially the second program under the new NSRF 2021-2027.
Purpose of the Action
The "Green Productive Investment for SMEs" action aims to encourage small investment projects focused on utilizing and developing modern technologies, upgrading products or/and services, and overall business activities. It promotes actions that utilize contemporary technologies, infrastructure, and best practices related to energy upgrading, circular economy, and the adoption of clean energy sources.
Eligible Beneficiaries and Basic Requirements
Eligible beneficiaries are existing micro, small, and medium-sized enterprises that meet the following requirements:
- The investment must be made exclusively in one region.
- Must have at least one (1) complete closed management year before the date of electronic submission of the funding application.
- Must operate significantly (Main Activity Code or Activity Code with the highest revenue) in one (1) eligible Activity Code as per the call before the date of electronic submission of the funding application.
- Must have the eligible Activity Code(s) for investment as per the call before the date of electronic submission of the funding application.
- They must have at least two (2) Full-Time Equivalent (FTE) employees during the calendar year preceding the funding application submission.
- Must not have commenced operations for the investment plan before the submission of the funding application.
- Must operate exclusively as corporate/commercial enterprises.
- Meet the conditions of application of Regulation (EU) 1407/2013 (De Minimis) upon which the Action is based.
Eligible Expenses
The eligible expenses are as follows:
The eligibility date for expenses is defined as the date of the funding application submission.
Amounts and Rates of Support
The subsidized budget for each investment project ranges from €30,000 to €200,000 and cannot exceed twice the highest turnover achieved in one of the three (or fewer if the company has not had three) fiscal periods of the year preceding the application submission, with a maximum limit of €200,000.
The maximum duration for completing the physical and financial aspects of the investment project is twenty-four (24) months from the date of the Inclusion Decision.
The subsidy rate is 40% for all regions of the country, regardless of the size of the enterprise. The subsidy rate can be increased by 10% at the time of inclusion of the investment plan, which will be awarded at each certification stage of the physical and financial aspects. This increase is confirmed if "Green Transition" expenses (GREEN Expenses) are made and certified at a rate of at least 20% of the total eligible budget of the investment plan during the final verification stage.
The action is expected to be announced shortly and will remain open for submission of applications throughout the programming period 2021-2027.
The deadline and method of submission, the required documentation, the obligations of beneficiaries, as well as the other implementation terms will be detailed in the Detailed Invitation of the Action.
You can find the pre-publication of the action here.
For more information, request a telephone appointment by clicking the button below, and a specialized economist from our company will contact you.
Green Productive Investment for SMEs: First Action of the "Green Transition for SMEs" Program for Small Investments
17 January 2023
ΙΩΝΙΚΗ Finance
The "Green Productive Investment for SMEs" action is part of the "Green Transition for SMEs" initiative. The pre-publication of the action was posted a few days ago, and the call for proposals is expected, according to the planned schedule, at the beginning of 2023. This initiative is essentially the second program under the new NSRF 2021-2027.
Purpose of the Action
The "Green Productive Investment for SMEs" action aims to encourage small investment projects focused on utilizing and developing modern technologies, upgrading products or/and services, and overall business activities. It promotes actions that utilize contemporary technologies, infrastructure, and best practices related to energy upgrading, circular economy, and the adoption of clean energy sources.
Eligible Beneficiaries and Basic Requirements
Eligible beneficiaries are existing micro, small, and medium-sized enterprises that meet the following requirements:
- The investment must be made exclusively in one region.
- Must have at least one (1) complete closed management year before the date of electronic submission of the funding application.
- Must operate significantly (Main Activity Code or Activity Code with the highest revenue) in one (1) eligible Activity Code as per the call before the date of electronic submission of the funding application.
- Must have the eligible Activity Code(s) for investment as per the call before the date of electronic submission of the funding application.
- They must have at least two (2) Full-Time Equivalent (FTE) employees during the calendar year preceding the funding application submission.
- Must not have commenced operations for the investment plan before the submission of the funding application.
- Must operate exclusively as corporate/commercial enterprises.
- Meet the conditions of application of Regulation (EU) 1407/2013 (De Minimis) upon which the Action is based.
Eligible Expenses
The eligible expenses are as follows:
The eligibility date for expenses is defined as the date of the funding application submission.
Amounts and Rates of Support
The subsidized budget for each investment project ranges from €30,000 to €200,000 and cannot exceed twice the highest turnover achieved in one of the three (or fewer if the company has not had three) fiscal periods of the year preceding the application submission, with a maximum limit of €200,000.
The maximum duration for completing the physical and financial aspects of the investment project is twenty-four (24) months from the date of the Inclusion Decision.
The subsidy rate is 40% for all regions of the country, regardless of the size of the enterprise. The subsidy rate can be increased by 10% at the time of inclusion of the investment plan, which will be awarded at each certification stage of the physical and financial aspects. This increase is confirmed if "Green Transition" expenses (GREEN Expenses) are made and certified at a rate of at least 20% of the total eligible budget of the investment plan during the final verification stage.
The action is expected to be announced shortly and will remain open for submission of applications throughout the programming period 2021-2027.
The deadline and method of submission, the required documentation, the obligations of beneficiaries, as well as the other implementation terms will be detailed in the Detailed Invitation of the Action.
You can find the pre-publication of the action here.
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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