The call is addressed to existing small and very small enterprises that operate or will operate on the islands with a population of up to 3,100 inhabitants (2021 census).
It aims to establish businesses and strengthen the competitiveness of new very small & small enterprises on the small islands with a population of up to 3,100 inhabitants (where it is defined as the tax differentiation limit under Law 4172/2013), according to the last census of 2021.
Through this action, the response to the challenges of globalization and the post-lignite era is sought, in order to secure existing jobs and create new ones.
Within the framework of the Call, funding applications from €20,000 to €150,000 are supported. The Public Funding percentage amounts to 70% of the grant budget of the funding application.
The action encourages investment projects that aim to exploit and develop modern technologies, modern and innovative processes and means in the production process, to upgrade the products produced and/or services provided and their activities in general, including actions that exploit modern technologies, infrastructure and best practices in energy upgrading. Each investment project should contain expenses related to the subcategories characterized as expenses that contribute to Environmental Protection and Energy Saving, at a rate of at least 30%.
The action will emphasize the priority areas of the National Smart Specialization Strategy.
The rate of 7% of indirect expenses on the finally certified direct expenses should be respected.
- The companies that will be subsidized must proceed with an increase in the company’s employment during the implementation of the investment, resulting in an increase in the GVA by at least half (0.5) unit, and this increase will be maintained for at least one year after the completion of the investment.
- The investment plan should not concern the establishment or increase in the capacity of tourist accommodations of all types (main, non-main hotels of Law 4276/2014, as applicable, as well as any other form such as short-term rental of real estate through digital platforms in the context of the sharing economy, etc.).
- The action seeks to respond to the challenges of globalization and the post-lignite era by micro and small enterprises on small islands and to improve their position in the domestic and international market with the ultimate goal of securing existing jobs and creating new ones.
- The Action will be implemented in accordance with EU Regulation 2023/2831 of 13 December 2023 (OJ EL L 15.12.2023) on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid.
It is noted that the comparative assessment will be applied for the evaluation of funding applications.
Who is it addressed to:
Existing small and very small enterprises that, on the date of electronic submission of the funding application, have at least two (2) complete closed management years (for which the appropriate tax forms have been submitted).
Submission period: from 8/5/2025 to 10/7/2025
The funding application must be submitted, exclusively electronically, through the Integrated State Aid Management Information System and is accompanied by all the supporting documents provided for in ANNEX III: “Submission / Inclusion Documents”. Funding applications in which all mandatory fields have not been completed will not be able to be submitted and proceed to the next stage. It is noted that, if the total score obtained by the application falls short of that specified in the chapter BENEFICIARIES – TERMS & CONDITIONS OF PARTICIPATION of this document, the application will not be submitted.
Type of aid: Grant / Subsidy
Application area:
1. North Aegean Region
2. Crete Region
3. South Aegean Region
Terms and conditions: Detailed in the Invitation
What is financed:
Eligible Expenditures
A) Expenditures on Equipment & Transport Means & Instruments
Production & Mechanical Equipment, Automation Systems and Special IT Systems, Digital Office Equipment, Other Business Equipment, Equipment for Environmental Protection and Energy Saving, Circular Economy Equipment, Equipment for the Installation of Photovoltaic Plants and Storage Systems for the Production of Electricity and Covering Own Needs (Self-generation), Electric Transport Means.
B) Expenditures on Buildings, Facilities & Surrounding Areas
Building Interventions for Environmental Protection, Energy Saving, Water and Waste Treatment, Buildings, Facilities and Surrounding Areas.
C) Costs for the Provision of Services
Consulting support for monitoring the implementation of the investment plan, Certification and compliance of products according to national, harmonized and optional standards of European countries and/or countries outside the EU, Certification of services & procedures according to national, harmonized and other European and international standards, Promotion and Outreach Costs, Participation in trade fairs, Technical Studies necessarily linked to the costs of the investment plan.
D) Indirect Costs
Indirect Costs (7% of the eligible direct costs of the investment plan).
Budget: €20,000,000
Source: espa.gr
