The objective of the aid scheme
The purpose of this scheme is to support all investment projects in the manufacturing sector, except the processing of agricultural products for which a special scheme is established.
Also, investment projects in the supply chain sector, aimed at technological, production, administrative and organizational upgrading, as well as innovative and outward-looking development and growth, are also supported by this particular scheme with a view to strengthening the competitive position of enterprises in the domestic and international markets.
Eligible investment projects
The investment projects covered are those in the manufacturing sector, except for the processing of agricultural products.
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 costs, such as consultancy services, costs for innovation, costs for procedural and organisational innovation for SMEs and Large Enterprises, costs for energy efficiency measures, etc.
Types, intensity and amounts of aid (Development Law – Manufacturing)
Category of enterprise | Tax Exemptions | Subsidy | Leasing |
Small | 100% RAM | 80% RAM 100% under certain conditions* | 100% RAM |
Medium sized | 80% RAM 100% under certain conditions* | – | 80% RAM 100% under certain conditions* |
Big | 80% RAM 100% under certain conditions* | – | 80% RAM 100% under certain conditions* |
RAM: percentage of aid as per Regional Aid Map
*Maximum amount of aid per investment project: € 5.000.000
Specific categories of aid
Special categories of aid are provided for investment projects carried out in the following areas:
- 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
Special categories of aid are provided for investment projects carried out by enterprises whose investment projects:
- Are carried out in Industrial and Business Areas (IBAs), Business Parks (EPs), with the exception of Intermediate Enterprise Parks (IEPs), Technology Parks and Innovative Activity Host Centres (IACs). Y.I.C.T.) and Organised Hosts of Manufacturing and Business Activities (O.I.M.E.D.) and do not concern the modernisation or extension of existing structures of the assisted business
- Are carried out in buildings classified as preserved buildings
- Relate to the reopening of industrial units which have ceased to operate. The value of the fixed equipment of the industrial unit to be reopened must cover at least fifty percent (50%) of the eligible costs of the investment project
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.
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 a period of 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.