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Friday, December 9, 2022
HomeOpinionThe applications for affiliation to the Agri-Food regime are now open

The applications for affiliation to the Agri-Food regime are now open

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The investment plans may concern the establishment of a new unit, the expansion of an existing unit, modernization or diversification into new products. The maximum aid rates are those defined in the 2021-2027 Regional Aid Map.

Deputy Minister of Development & Investments Nikos Papathanasis announced the start of submission of applications to be included in the agri-food support regime that includes the primary production and processing of agricultural products of the Development Law 4887/2022

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Applications will be submitted from October 3 to December 30, 2022.

The purpose of the scheme is to strengthen business activities in primary agricultural production and the processing of agricultural products. The main features of the aid scheme are as follows:

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A. For the primary sector, applications can be submitted by micro, small and medium enterprises. The total amount of aid cannot exceed 500,000 Euros in accordance with Regulation (EU) 702/2014. The investment plans submitted may concern the establishment of a new unit, the expansion of an existing unit or modernization.

The maximum rates of aid for belonging to the scheme in question are as follows:

· 75% of the amount of eligible expenses, in investment projects carried out in the islands of the Aegean Sea,

· 40% of the amount of eligible expenses, in investment projects carried out in the Region of Attica,

· 50% of the amount of eligible expenses, in investment projects carried out in the rest of the Regions of the country.

The investment plans are strengthened with the incentives of the grant, the tax exemption, the leasing subsidy and the subsidy of the cost of the created employment and at the upper limits of the above percentages for each Region of the country.

B. For the processing of agricultural products, applications can be submitted by all companies. The total amount of aid per investment project submitted by very small and small businesses is set at 3,000,000 Euros for all types of aid. The total amount of aid per investment project, submitted by medium and large enterprises is set at 3,000,000 Euros for the aid of the grant or subsidy of financial leasing or the subsidy of the cost of the created employment and at 5,000,000 Euros for the aid of the tax exemption.

The investment plans may concern the establishment of a new unit, the expansion of an existing unit, modernization or diversification into new products. The maximum aid rates are those defined in the 2021-2027 Regional Aid Map.

The investment plans are strengthened with the incentives of the grant, tax exemption, leasing subsidy and subsidizing the cost of the created employment.

C. For investment projects that are submitted in modules and combine primary production and processing, the total amount of aid is set at the amount of 3,500,000 Euros for very small and small businesses or 3,500,000 Euros for capital incentives (grant or financial subsidy lease or subsidizing the cost of the created employment) or 5,500,000 euros for the tax exemption, for medium-sized enterprises.

Applications are submitted through the new Integrated Information System (https://opsan.mindev.gov.gr) which supports the entire “life cycle” of the investment plans of the Development Law.

For the full text of the announcement and more information, you can browse the website of the General Secretariat of Private Investments and PPPs (https://ependyseis.mindev.gov.gr).

The Minister of Development & Investments, Mr. Adonis Georgiadis pointed out:

“At a very fast pace, we are proceeding with the proclamation of the 3rd regime of the Development Law, which concerns one of the perennially most critical sectors of the Greek economy, the agri-food sector. A sector with a large footprint on the economy and employment throughout the Greek territory, which becomes even more important in today’s situation when ensuring nutritional adequacy emerges as an urgent priority for all countries. I sincerely believe that the agri-food sector has very large scope for growth, which is why we provide substantial incentives to producers and businesses to proceed with investments in the direction of increasing their competitiveness and productivity and, ultimately, the added value of the sector.”

The Deputy Minister of Development & Investments, Mr. Nikos Papathanasis stated in this regard:

“We continue vigorously with the activation of the 3rd aid regime of the Development Law. This is a regime with particular added value for the national economy as it combines primary production with processing activity, creating new prospects for the development of the agri-food sector. We strengthen the competitiveness and extroversion of agricultural production, keeping farmers on their land and incentivizing investment in this vital sector. We are upgrading the comparative advantage of high-quality Greek products and building a new business identity in the sector.”

RES-EMP

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Terrance
Terrance
I am Terrance Carlson, author at News Bulletin 247. I mostly cover technology news and I have been working in this field for a long time. I have a lot of experience and I am highly knowledgeable in this area. I am a very reliable source of information and I always make sure to provide accurate news to my readers.

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