HOMECase StudiesApproval of the EU Grant (ESPA) for SANTA IRINA Luxury Independent Tourist Residences in Santorini

Approval of the EU Grant (ESPA) for SANTA IRINA Luxury Independent Tourist Residences in Santorini

See how VK PREMIUM, contributed to the successful approval of the ESPA grant for the Santa Irina Luxury Tourist Villas.

Company Profile

SANTA IRINA SUNNY LUXURY VILLAS is based in Santorini. The company operates a tourist facility consisting of 5 independent tourist residences located in the Agios Georgios area of the Emporio village on the island of Santorini.

Company’s Goal

The company aimed to implement a comprehensive investment plan, specifically the construction and equipping of a new tourist facility. More precisely, the goal was to build and operate 5 high-quality and aesthetically pleasing independent residences, designed to be in full harmony with the natural environment and the island’s architecture. All residences were designed to be energy-efficient, environmentally friendly, and fully independent, offering privacy and ultimate comfort to guests. Additionally, the company sought to collaborate with local businesses and organize activities such as bike tours, boat excursions, and surf and SUP lessons. This approach aimed to build a positive reputation through satisfied clients, attracting tourists seeking a unique vacation experience.

Under the guidance of our company, SANTA IRINA SUNNY LUXURY VILLAS IKE received a 50% subsidy on the eligible budget.

Main Challenges

  • Timely completion of the project
  • Sustainability and immediate profitability
  • Differentiation from strong competition and achieving a balance between quality and price
  • Necessary liquidity for the implementation of the investment project

Our Role

  • Preparation of the required technical and financial study for the investment plan to ensure the successful approval of the ESFA subsidy application.
  • We systematically collaborated with the company to develop a comprehensive business plan, maximizing the chances of approval for the application.
  • We took responsibility for submitting the complete application file to the relevant authorities, ensuring its evaluation and approval within the shortest possible time.
  • We coordinated all involved parties to ensure the disbursement of the subsidized amount within the pre-established timeframe.

The company SANTA IRINA SUNNY LUXURY VILLAS was included in the beneficiaries of the subsidized ESPA program “Support for the Establishment and Operation of New Tourism SMEs.” The program aimed to boost entrepreneurship in the tourism sector by supporting and implementing new tourist facilities.

The company was subsidized for the following expenses:

  • Buildings and Landscaping
  • Construction of a swimming pool with a bar and jacuzzi at the residences
  • Creation of a professional website with booking capabilities
  • Equipment for the residences, central facilities, and machinery

Growth Prospects of the Company

  • The funding helped the investors acquire high-quality materials and equipment.
  • In the long term, the company can improve its infrastructure, and after achieving profitability, it can proceed with the construction of a new tourist facility.

We can make a decisive contribution to the growth of Greek businesses.

With 18 years of experience and nearly a 98% success rate in application submissions, we are always by the side of businesses to present the most suitable subsidized programs that match their development needs and maximize their benefits.