Entrepreneurship 360

The objective of the aid scheme 

The purpose of this scheme is to support all investment projects covered by the Development Law, with the exception of certain categories for which special schemes are established, which concern the implementation of initial investments and the possibility of incurring additional expenditure, for the benefit of business initiatives and the national economy. 

Eligible investment projects 

Investment projects in all sectors of the economy are covered by this scheme, apart from those covered by the aid schemes for agri-food, primary production and processing of agricultural products -fisheries, processing – supply chain, support for investment in tourism and alternative forms of tourism. For example: 

i. Quarrying of marble and other limestones for monuments or buildings (Activity Code 08.11.11) and quarrying of granite, sandstone and other stones for monuments or buildings (building stones) (Activity Code 08.11.12), when carried out by businesses with an existing manufacturing activity or one acquired before the completion of the quarrying investment projects. 

ii. Seawater desalination (activity code 36.00.20.01), when carried out in island areas with the use of renewable energy sources, without being included in the eligible costs. 

iii. Production of films, videos and television programs, sound recordings and music publications (Activity Codes 59 and 60.10.2, 60.20.1, 60.20.2, 60.20.3, 63.11.2, 63.11.21, 63.11.22) for the creation of permanent ‘studios’. 

iv.   Real estate management (Activity Codes 68.32.13.00) for development and management operations of Organized Hosts of Manufacturing and Business Activities, if they involve establishment or expansion and are implemented on an area of more than three hundred (300) acres. 

v.    Land Services (Activity Code 93.11.10.01) with the construction of at least six (6) courts and Swimming Pool Services (pool) with dimensions of more than 25 meters, exclusively for sports purposes. 

vi.   Laundry Engineering Services (Activity Code 96.01.19.02) and Clothes Ironing Services (Activity Code 96.01.13.01) whose activity, in a percentage more than 60%, involves services to hospitals, hotels, nursing homes, etc., and whose minimum value exceeds one (1) million euros. 

vii. Establishment of recovery and rehabilitation centers, as defined in article 10 of Law No. 2072/1992 (A’ 125) and investment projects for the provision of Sheltered Housing for Persons with Disabilities, in accordance with Article 30 of the same law, with a minimum amount of more than one (1) million euros. 

viii. Provision of services for retirement homes (Activity Code 87.30.11.01) with a minimum amount of more than one (1) million euros. 

Eligible expenditure 

• (i) Construction, extension, modernisation of buildings, special and ancillary facilities of buildings, constructions to ensure accessibility for people with disabilities, and landscaping. 
• (ii) Purchase and installation of new modern machinery and other equipment, including technical installations and means of transport moving within the premises of the integrated unit. 
• (iii) Other expenditure on consultancy services for SMEs, remediation of contaminated sites, recycling and reuse of waste, vocational training, participation of SMEs in trade fairs and investment aid for SMEs. 

Types, intensity and amounts of aid

RAM: percentage of aid as per Regional Aid Map 

Maximum amount of aid per investment project 

For small enterprises 

• €3.000.000 for all types of aid: 

• – grant 
• – tax exemption 
• – leasing subsidy 
• – subsidy of the cost of the employment created. 

For medium-sized and large enterprises 

• € 3.000.000 for the following types of aid: 

• – leasing subsidies 
• – subsidy of the cost of employment created, 
• -cash grand in the case of the 4^th paragraph of Article 9 (aid for medium-sized enterprises in the Regional Units of Thrace) 
• 5.000.000 € for tax exemption aid 

Specific categories of aid 

Special categories of aid are provided for investment projects carried out in the following areas/circumstances: 

• a. Mountainous areas, according to the classification of the Hellenic Statistical Authority, except for the Municipal Units which form part of the urban complex of Athens, 
• b. Frontier area, i.e. an area within 30 kilometers of the border. 
• c. Island region, i.e. islands with a population of less than three thousand one hundred (3,100) inhabitants 
• d. Areas affected by natural disasters, in accordance with the decision of the Governmental State Relief Committee 

Evaluation procedure 

Applications for eligibility are submitted to the General Directorate for Private Investment of the General Secretariat for Private Investments and Public-Private Partnerships (PPPs) of the Ministry of Development and Investment. 

Applications will be evaluated using comparative evaluation. In this case, a final ranking list will be drawn up, in descending order of merit, following the decisions of the Objections Committee. In the event of a tie, investment projects will be ranked according to the lowest eligible investment cost. le investment cost. 

The evaluation of investment projects shall start from the date of submission of the application and shall be completed, with the result of the evaluation check by the Evaluation Committee within thirty (30) days. The promoter of the investment project may submit an objection within an exclusive period of ten (10) days from: 

• A) The posting of the Tentative List on the website https://ependyseis.mindev.gov.gr/en of the General Secretariat for Private Investment and S.D.I.T. of the Ministry of Development and Investment; or 
• B) The notification of the act issued in cases where the submitted application is rejected during the legality check or of the act issued during the assessment of reasonable costs and the verification of the scoring indicators.