From today applications for inclusion in the “Entrepreneurship 360°” aid scheme

From today, January 9 until April 10, 2023, applications will be made for inclusion in the “Entrepreneurship 360 °” aid scheme of the new Development Law.

In detail, the full text of the announcement with more specific information and the supporting material have been posted on the website of the general secretariat of Private Investments and PPPs (https://ependyseis.mindev.gov.gr) and the submission of applications will be made through the new Integrated Information System System (https://opsan.mindev.gov.gr).

Substantial investment plans

It is recalled that investment plans of all categories are included, excluding those that fall under the support regimes of agri-food – primary production and processing of agricultural products – fishing, processing – supply chain, support for tourist investments and alternative forms of tourism.

The investment plans must have an integrated nature of initial investment and meet one of the conditions:

– Creation of a new unit – Expansion of the capacity of the existing unit – Diversification of the unit’s production into products or services that have never been provided by it, provided that the supported costs exceed by at least 200% the book value of the assets used by new, as recorded in the tax year prior to the plan application. – Fundamental change of the entire production process of an existing unit.

Eligible Activity Codes

– Mines Quarries

– Branch of water supply – sewage treatment, waste management and sanitation activities

– Editions

– Film production

– ICT (Information and Communication Technology)

– Real estate management

– Health and social care sector

– Activities of libraries, archives, museums and other cultural activities

– Sports activities & entertainment activities sector

– Sector of other personal service activities

Beneficiaries

Beneficiaries of the aid schemes of the Development Law are the investment entities that are established or have a branch in the Greek Territory at the time of commencement of the investment project and have one of the following forms:

a. Trading company, b. cooperative, c. Social Cooperative Enterprises (Coun.S.Ep.), Agricultural Cooperatives (AS), Producer Groups (O.P.), Producer Organizations (O.P.), Urban Cooperatives, Agricultural Corporate Partnerships (A.E.S.), d. joint ventures that carry out commercial activity, e. public and municipal enterprises and their subsidiaries, provided that: – they have not been assigned to serve a public purpose, – they have not been assigned by the state exclusively to offer services, – their operation is not subsidized with public funds for the period of compliance with the long-term obligations defined by Law 4887/22. (article 22&25);

Financial scheme of an investment plan

The financial participation of each institution in the cost of the investment project can be covered either with own funds or with external financing, provided that twenty-five percent (25%) of the supported cost does not contain any state aid, public support or provision .

Amounts of Reinforcement

– The total amount of aid per investment project submitted by very small and small businesses cannot exceed 3 million euros for all types of aid.

– The total amount of aid per investment project submitted by medium and large enterprises cannot exceed: – 3 million euros for the aid of the leasing subsidy or the subsidy for the cost of the employment created, as well as the grant in the case of the aid for medium enterprises in the Regional Units of Thrace – the 5 million euros to strengthen the tax exemption.

The aid provided to each investment plan entity, including aid to cooperating or affiliated companies, cannot cumulatively exceed 20,000,000 euros for an individual company and 30,000,000 euros for all cooperating or affiliated companies.

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