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New investment programs of industrial and manufacturing enterprises under the operational program Competitiveness, Entrepreneurship and Innovation
February 02 2017

New investment programs of industrial and manufacturing enterprises under the operational program Competitiveness, Entrepreneurship and Innovation

1. Strengthening the environmental industry

Objective of the program

The "Enhancement of the Environmental Industry" program provides the financing of business plans for new or existing small and medium-sized enterprises for the business utilization of liquid, solid and gaseous wastes and waste from third parties, with the aim of producing and disposing of raw materials and intermediate or finished products and services added value.

Potential Beneficiaries

Potentially all economic activities are subject to an investment plan falling under the following NACE 2008 codes: 36, 37, 38, 39 (Water Supply, Sewage Treatment, Waste Management and Sanitation) and Branches 20.59. 59.01 - Biogas production from agricultural raw materials, - Production of biofuels (solid, liquid or gaseous).

Investment axis

The action is practically related to the creation of environmental business activities, which are expected to contribute substantially to covering significant national gaps in the production chain.

Budget of Action, Plans and Duration

The budget of the action amounts to € 30,000,000 (€ 15,000,000 public expenditure). The eligible investment budget, which will depend on the size of the business, will range from € 250,000 to € 2,500,000 and the subsidy rate will be from 35% to 70%, depending on the size of the business and the region The Investment. The program will be implemented under EC Regulation 651/2014.

The duration of investment plans is 36 months.

By the end of February the calls for the three actions - programs of the General Secretariat of Industry are expected. These programs, for which the final drivers are drafted, in order to publish the relevant calls in the near future, concern the following actions:

2. Epixeiro ekso

A program to boost extroversion and promote the internationalization of businesses, especially small and medium-sized enterprises.


Small, very small and medium-sized manufacturing enterprises engaged in export business or intending to develop and operate in the following sectors:

  • Food industry
  • Beverages
  • Manufacture of textiles
  • Manufacture of wearing apparel
  • Leather industry
  • Manufacture of wood and of products of wood and cork, except furniture, manufacture of articles of straw and plaiting materials
  • Papermaking and manufacture of paper products
  • Prints and playback of recorded media
  • Manufacture of coke and refined petroleum products
  • Production of chemicals and products
  • Manufacture of basic pharmaceutical products and pharmaceutical preparations
  • Manufacture of rubber products and plastics
  • Production of other non-metallic mineral products
  • Manufacture of basic metals
  • Manufacture of fabricated metal products, except machinery and equipment
  • Manufacture of computers, electronic and optical products
  • Manufacture of electrical equipment
  • Manufacture of machinery and equipment
  • Manufacture of motor vehicles, trailers and semi-trailers
  • Manufacture of other transport equipment
  • Furniture construction
  • Other manufacturing activities


Eligible expenditures

Expenditure for the participation of beneficiaries in trade exposition and business missions and involving either the promotion of existing products of the company in new markets or the promotion of new products of the company in markets already in business.

amounts to a total of EUR 30,000,000 (public expenditure).

3. "Extraversion - Internationalization of SMEs": Upgrading of Small and Medium Enterprises

Objective of the program

The aim of the action "Extraversion - Internationalization of SMEs" is the financial support of SMEs, both manufacturing and other sectors, with priority in eight of the country's (other than tourism) strategic sectors.
The action aims at enhancing outward-looking SMEs entrepreneurship as a key option for upgrading the country's productive base, contributing both to ensuring the sustainability of business efforts under the conditions of the global economic downturn and to expanding entrepreneurial action in new or emerging markets.
At the same time, it highlights the concept of synergy and business co-operation either at national or international level, while encouraging the implementation of business projects in selected directions either at the level of similar enterprises or at the level of value chains.

Potential Beneficiaries

are the existing Small and Medium Enterprises with at least two integrated management uses, cooperatives, cooperative schemes.

Eligible Activities

The business plans to be funded will cover the following strategic areas:

  • Agri-food
  • Energy
  • Cultural - Creative Industries
  • Supply chain
  • Environment
  • Information and Communication Technologies (ICT)
  • Health - Medicines
  • Materials - Construction


Eligible Expenditures

1. Targeted Mechanical & Laboratory Equipment - Special facilities to serve the goal of an outward-looking business plan.

2. Documentation of Information / Telecommunication Operations - digitization of processes.

3. Product / Service and Packaging / Label Design / Certification actions / costs.

4. Quality / certification / management / operating / quality / operations / costs.

5. Actions / costs of specialized certification - accreditation for target markets.

6. Promotion / promotion & communication actions in target markets.

7. Costs / costs of rental and installation of a stand for participation in any trade fair.

8. Protection and use of patents, intellectual property and know-how transfer.

9. Specialized studies provided by external consultants.

10. Recruitment and training of staff.

11. Other Actions / costs (specialized operating costs)

12. Technical and Advisory Support actions.

Budget of Action, Plans and Duration

The budget of the action is € 100,000,000 (€ 50,000,000 public expenditure). The eligible investment budget for small and micro enterprises will range from € 20,000 to € 40,000 with a grant rate of 100% and for small and medium-sized enterprises from € 40,000 to € 250,000, with the grant amount being 50%.
The duration of investment plans is 24 months.

4. "Contemporary Processing": Upgrading Medium Businesses to Develop Skills in New Markets

Objective of the program

The objective of the "Contemporary Manufacturing" action is to strengthen the export orientation of Medium Enterprises, giving them the opportunity to invest in their extrovert.
The action aims at transforming the manufacturing base of the Greek economy into new or diversified production lines, products and manufacturing services. It also aims at enhancing outward-looking entrepreneurship, as a basic choice for the country's productive upgrading to goods and services of high added value with quality, environmental sensitivity, knowledge integration and innovation.

Potential Beneficiaries

They are new and existing small and medium-sized enterprises, mainly manufacturing, but also other related activities, such as the supply chain, with a staff of 50-250 people (EMU).

Investment axes

The Action concerns the following three investment axes:

  • Manufacturing differentiation - productive transformation with a strong innovative and ecological character and extrovert orientation.
  • Digital industry for the development and support of digitized and flexible production lines, design and distribution of products and services.
  • Energy efficiency.


Budget of Action, Plans and Duration

The budget of the action amounts to € 100,000,000 (€ 40,000,000 public expenditure). The eligible budget for investment projects will range from € 250,000 to € 3,000,000. The subsidy rate will be for small businesses from 30% -45% and for medium-sized enterprises from 20% -35%. The amounts vary according to the Region, the type of investment expenditure, the years of operation of the company, etc.
The duration of investment plans is 24 months.