The Ministry of Development and Investments announced the new subsidy program.
Who is it addressed to
– Existing businesses that keep single-entry books (category B) or double-entry books (category C), which until 31/12/2019 have two or more closed full administrative years.
– New businesses that keep single-entry books (category B) or double-entry books (category C), which do not fall into the above category and have been established before the date of publication of this Action.
Submission period
from 7/9/2020 to 6/11/2020 (time 17:00)
Terms and conditions
Investment projects from 400,000 euros to 3,000,000 euros. The subsidy rate per company size. Investment projects from 400,000 euros to 3,000,000 euros. The subsidy rate per company size, per category of regions and per category of eligible costs of investment projects ranges from 20% to 55%.
Basic conditions for participation
Each eligible enterprise must, among others, meet the following conditions:
– Be active or have been active in the eligible sectors of activity (SSA) referred to in Annex III of this announcement, as well as incur the corresponding expenses in the Region from which they are financed.
– Operate exclusively with one of the following forms of corporate/commercial enterprises: Société Anonyme, Limited Liability Company, General Partnership or Limited Partnership, IKE, Sole Proprietorship, Social Cooperative Enterprise of Law 4430/2016, Cooperative, and maintain or undertake to maintain, if their proposal is approved, single-entry or double-entry books of Law 4308/2014, as applicable.
– Submit a single application for funding for this action per VAT number, in compliance with the limits of the General Tax Code.
– To declare exclusively one Region as the location for the implementation of the actions of this action.
– To not have started work on the investment plan before the date of submission of the funding application.
– To be able to prove that it has at least 25% of the required private participation of the proposed investment plan.
What is funded
– Buildings, facilities and surrounding area, up to 25% of the project’s grant budget.
– Machinery – equipment, up to 100% of the project’s grant budget.
– Means of transport, up to 30% of the project’s grant budget.
– System certification and laboratory testing costs, up to 5% of the project’s grant budget and up to the amount of 7,000 euros per management system.
– Acquisition, validation & protection of patents, up to 5% of the project’s grant budget.
– Participation in trade fairs, up to 15% of the project’s grant budget.
– Specialized software and software services, up to 10% of the project’s grant budget.
– Technical/advisory support, up to 10% of the project’s subsidized budget.
At METECO AE you can find the machine or equipment that meets the needs of your business.
Contact numbers: 2310.781.295 and 210.220.1971
