The scope of the CRGR-FTV scheme is to produce audiovisual works in Greece in the film and television programmes sector, including two separate, distinct actions:
Action A: Aid for investment plans with large and foreign enterprises as beneficiaries.Action B: Aid for investment plans with SMEs as beneficiaries.
Online Submission Start Date: 20.02.2025
Last date for online submission: Until the budget has been used up.
Action Budget:
Action A is financed by national resources which are included in the National Development Programme under Priority 5.7 “Cultural and Creative Industries” or by EU resources whose management rules allow investment plans and eligible beneficiaries to be included in accordance with the provisions hereof.
The budget available for Action A is set at €55,000,000.
Action A will remain open until the available budget has been used up.
Action B is financed by resources from Greece and the European Union (European Regional Development Fund) and is part of the Competitiveness Programme (under the 2021-2027 NSRF), in priority 2 “Strengthening entrepreneurship and competitiveness,” in policy objective 1 “A more competitive and smarter Europe, through the promotion of innovative, smart economic transformation and regional ICT connectivity” and contributes to the specific objective (SGP) RSO1.iii “Enhancing the sustainable growth and competitiveness of SMEs and creating jobs in SMEs, including productive investments.” Action B will remain open until the available budget per category of Region has been used up.
Total public expenditure for Action B is €100 million.
Beneficiaries
The beneficiaries of the CRGR-FTV aid scheme are as follows:
(a) Action A: large enterprises which either:
(a) have an establishment or a branch or will be active at the time the aid is paid in the territory of Greece and are operating for the purpose of: (aa) the production and/or performance of audiovisual works, (bb) the production of audiovisual works in the context of cross-border production, or
(b) are foreign undertakings producing audiovisual works which have their permanent establishment or their registered offices in states which do not fall within the concept of “non-cooperating states” pursuant to Article 65(3) of Law 4172/2013 (Government Gazette 167/A), where for the purposes hereof they enter into contract with an undertaking which is established or has a branch in the territory of Greece and operates for the purpose of producing audiovisual works or part thereof. The counterparty referred to in subparagraph (b) may be a small and medium-sized enterprise (SME) and be a joint beneficiary of the aid.
(b) Action B: small and medium-sized enterprises (SMEs) which either:
(a) have an establishment or a branch or will be active at the time the aid is paid in the territory of Greece and are operating for the purpose of: (aa) the production and/or performance of audiovisual works, (bb) the production of audiovisual works in the context of cross-border production, or (b) will be active in the territory of Greece at the time the aid is paid for the same purposes and will incur eligible expenditure in the territory of Greece.
.
.
Aid intensity
- The investment plans for audiovisual works included in the CRGR-FTV scheme for financing purposes received aid in the form of an investment incentive which entails the Greek State providing financial assistance to cover part of the eligible expenditure for the investment plan which is calculated, after the certified expiry date, as a fixed percentage of 40% of the value of eligible production costs incurred in the territory of Greece, which do not exceed 80% of the total cost of all production work for the audiovisual work (“eligible production cost”).
- The total amount of aidwill be paid lump sum to the beneficiary and may not exceed €8,000,000 per audiovisual work, without prejudice to the second subparagraph of Article 35(1) of Law 5105/2024.
- The aid is paid to cover specific expenses; the provisions of the Hellenic Tax Transactions Reporting Code and the International Accounting Standards apply.
- This aid may be combined with other State aid, subject to the restriction that the total State aid granted does not cumulatively exceed 50% of the total cost of production of the audiovisual work. This limit may be extended to 60% of the total cost of production of the audiovisual work in the case of cross-border co-productions and 100% of the total cost of production of the audiovisual work in the case of production of a difficult audiovisual work.
.
.
Eligible Expenses
- Eligible expenses means expenditure for the production of an audiovisual work in accordance with Article 28(1) of Law 5105/2024 which is incurred in the territory of Greece and does not exceed 80% of the total cost of production of the audiovisual work (“eligible production cost”).The total cost of production is not limited to the type of expenditure incurred in the territory of Greece.
- In the case of audiovisual works with eligible expenses over €8,000,000, for the expenditure referred to in paragraph 1 relating to director’s fees and the fees of the two (2) leading roles (cast), documents issued by natural persons or companies or other legal entities whose registered offices or permanent establishment are in a foreign country may be obtained, provided that it is not a non-cooperating state within the meaning of Article 65(3) of Law 4172/2013 (Government Gazette 167/A). The value of foreign documentation referred to in the first subparagraph, excluding VAT, may not exceed 20% of all eligible expenditure for the investment plan.
