The “Competitiveness” program of the NSRF 2021-2027 includes the Act “Entrepreneurship Fund III (TEPIH III)-Micro-Reding Reconstruction”, by decision of the Deputy Minister of National Economy and Finance Nikos Papathanassis.

The new Fund, which will be one of the financial instruments of the Greek Development Bank, has a total budget budget EUR 10 million and expected to create Loan portfolio of 12 million euros.

Its aim is to facilitate the access of about 480 companies operating in the Region of Thessaly and were affected by natural disasters, in capital of up to 25,000 euros.

The loans will apply to funding for existing, more than one year, small and very small businesses, which are based or a branch of their main or secondary activity in the region of Thessaly.

The Fund will provide interest -free funding at 75% while the remaining 25% is covered by financial institutions (Ho). Loans will not be obtained in loans. In addition, a support is provided for the provision of Mentoring Counseling Services.

The action is co -financed by the European Social Fund+ and National Resources under the Competitiveness Program 2021–2027.