The new regime, for which applications were launched on 09/01/2023 and have a duration of up to 10/04/2023, within investment projects in all categories with the exception of those falling within the schemes of the previous three categories of the New Development Law.

Eligible Codes Activity belong to the following groups

  • Mines Quarries
  • Industry water supply – sewerage, waste management and remediation activities
  • Versions
  • Film Production
  • ICT (Information Technology Communication)
  • Real estate management
  • Department of health and social care
  • Activities library
  • Sector of sports activities
  • Field of other activities of personal service

1.Purpose

The "Entrepreneurship 360°", comes to fill the rest of the Schemes of the Development of Law as it is aimed at projects in important sectors of the national economy, which do not fall under the other specific categories. It is recalled that under investment projects in all categories, with the exception of those falling within the schemes of agri-food production – primary production and processing of agricultural products, fisheries, manufacturing – supply chain, strengthening tourism investment and alternative forms of tourism

2.Beneficiaries

Beneficiaries of the aid schemes Development Act, are the bodies of investments that are established or have a branch in the Greek Territory at the time of commencement of operations of the investment project and have one of the following forms:

a. Trading company,
b. cooperative,
c. Social Cooperative Enterprises (Cc.P.Et seq.), Rural Cooperatives (AS), Producer Groups (Om.E.) Producer Organisations (The.E.), Urban Cooperatives, Rural Partnerships (A.E.P.),
d. joint ventures engaged in commercial activity
e. public and municipal enterprises and their subsidiaries, provided that:
– have not been assigned to serve a public purpose,
– has not been assigned by the state exclusively to these services,
– sponsored function with public funds for the period of compliance with long-term commitments laid down in the Law 4887/22.( article 22&25)

3.Conditions

a. Creation of a new unit.

b. Expansion of the capacity of an existing establishment.

c. Diversification of the output of an establishment into products not produced or services that have not been provided with the condition for large companies that assisted costs exceed two hundred percent (200%) of at least the book value of the assets that are reused, such as the value of this has been recorded in the fiscal year preceding the application for inclusion of the investment project.

 d. A fundamental change in the overall production process of an existing establishment.

4.Eligible Costs

Eligible Costs Of Regional Aid – Categories Of Expenditure

a. Building Facilities. Costs of construction, expansion and modernisation building facilities, specialists and ancillary facilities of the buildings as well as the building construction to ensure accessibility to people with disabilities.

b. Projects landscaping area. Earthworks, landscaping Area, Enclosure of Land, a Building biological cleaning, Planting, Electrical installations, Environment, Space, Plumbing installations, Environment, water Supply

c. Mechanical equipment – techniques – specific facilities. Purchase & installation of modern machinery, including technical installations & general arrangements are made for permanent installation & their connection to the production network. Cost of construction, purchase, supply or modernization of special facilities (e.x. facilities of heating, air-conditioning units, or storage tanks).

d. Other equipment. Costs of purchase and installation of other equipment or /and Purchase of furniture and utensils of office only if if it is a key part of the production equipment of the investment

e. Means of transport. any kind of vehicles with which the company carries out the transport and movement of staff and customers ), under the condition that they move within the area of the unit. Not eligible means of transport up to 6 positions.

f. Purchase of fixed assets unit that has ceased the operation of at least two years before the date of submission of the application for approval,
– Purchase of the property (building) of the unit
– Purchase of machinery and equipment of the unit

z. Intangible assets. Costs for the transfer of technology, know-how, product Certification and quality assurance procedures, Market, software development, Systems organization of the company

the. Wage costs jobs. 
Eligible is the cost of wage costs of the new jobs created as a result of the implementation of the investment project, calculated for a period of two (2) years from the creation of each position.

Eligible costs excluding Regional Aid

  1. Investment costs for consultancy in favour of Smes. 
  2. Costs for the remediation of contaminated sites. 
  3. Costs for recycling and reuse of waste. 
  4. Costs for training.
  5. Aid for Sme participation in trade fairs. 
  6. Costs for investment aid to SMES.

5.Amounts and rates

Amounts of aid per company size:

– The total amount of aid per investment project submitted by very small and small businesses may not exceed 3 cm. euro for all types of aid.

– The total amount of aid per investment project submitted by medium-sized and large undertakings may not exceed:
– 3 million. euro for the aid of the grant of a lease or grant of the cost of the employment created, as well as of the grant in the case of aid for medium-sized enterprises in Regional Sections of Thrace
– 5 million. euro for the strengthening of the tax exemption.

The information provided in each institution investment project aid, including aid to a partner or affiliated companies, may not exceed a cumulative 20, 000, 000 euro for individual enterprise and the 30.000.000 euro for the set of associated or affiliated

The maximum percentage of state aid by Region and size of the company is as follows:

Region
Small
Medium
Large
North Aegean
75%
70%
60%
Eastern Macedonia & Thrace, Central Macedonia Western Macedonia, Epirus, Thessaly Western Greece Crete Municipalities Big City, Tripoli, Gortynia, Οιχαλίας
70%
60%
50%
South Aegean Islands Ionian Islands Central Greece Peloponnese
60%
50%
40%
Attica/East-West Attica, Greece/Piraeus/Islands
45%
35%
25%
Attica/Western Sector
35%
25%
15%

6. Quotas costs

For the investment costs in tangible assets, and in particular for the construction, expansion and modernization of buildings, the rate is 45%. The above rate is eighty percent (80%) for investment projects implemented in buildings, which are labeled as listed. For the investment costs in intangible assets, the rate is 50% for Smes and 30% for large companies. End for costs related to consulting services, the rate ranges from 50% for Smes and with a maximum amount of 50,000€

For more information, request a telephone appointment by pressing the button below, and a qualified economist of our company will contact you. 

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