The Ministry of National Economy and Finance published the announcement for the Action “Strengthening the Establishment and Operation of New Small and Medium Enterprises”; the action concerns support for investment plans regarding under-establishment or newly established SMEs (except for those with activity code numbers in retail, the restaurant industry and tourism), which will invest their own resources into their respective sectors and generate new jobs.

The budget for the Action amounts to €190,000,000

The Action is co-funded by the EU European Regional Development Fund (ERDF) and with the participation of the Hellenic Republic.

Each investment plan may receive from €30,000 up to €400,000 in funding.

The percentage of the funding is equal for all applications for funding and amounts to 45% of the funded budget.

The subsidy rate may increase by:

• 10% if the investment is made in a remote or fire-prone or earthquake-prone or flood-prone area or small islands
• an additional 5% with the declaration when submitting the funding application of the targeted employment of at least 0.2 EME in the first year following the completion of the investment.

Beneficiaries of the Action:

Under-establishment and newly established Micro-, Small and Medium Enterprises, which are or will become active in eligible Ability Code Numbers as per the Invitation (Annex II   ELIGIBLE ACTIVITIES (ACN)).

Category A. In the process of being established. Enterprises that will be established from the publication date of the Announcement for the Action until disbursement of the first instalment and will be active exclusively in eligible ACN(s) throughout the term of implementation of the investment plan and until full repayment of the investment, as per Annex II ELIGIBLE ACTIVITIES (ACN).

Category B. Newly Established. The term ‘newly established’ signifies enterprises that have not exceeded a 12-month period of continuous operation (the date of registration with the IAPR must be within the previous 12-month period from the date of announcement of the Action). It is noted that said enterprises must be active exclusively in the eligible ACN(s) of the Action at the time of submission of their application for funding, throughout the term of implementation of the investment plan, and until full repayment of the investment.

It is clarified that the enterprises must have the investment ACN prior to the first disbursement.

Online Submission Start Date: Monday, 18/12/2023 at 15:00
Online submission end date: Thursday, 29/02/2024 at 15:00

The funding application must be submitted online via the Integrated State Aid Management Information System (iSAMIS). Applications for funding submitted to the iSAMIS with unfilled mandatory fields will not be accepted.

The applications for funding will be evaluated through benchmarking.

Contact – Information

Public Information Office: 8 Dragatsaniou Street, Klafthmonos Square, Athens.
Operating hours Monday to Friday from 10:00 to 14:00
By phone: on 801 11 36 300 from landlines with a local charge from 09:00 to 16:30
Εmail: infoepan@mou.gr
Websites: www.antagonistikotita.gr  www.espa.gr
Information points for EFEPAE (Intermediary Body of Operational Programmes for Competitiveness and Entrepreneurship) & their regions units: www.efepae.gr

Press Release from the Ministry of National Economy and Finance