Purpose:The purpose of this law is to promote the balanced development with respect to the environmental resources and support the country’s less favoured areas, increase employment, improve cooperation and increase the average size of undertakings, achieve technological upgrading, form a new extrovert national identity (branding), improve competitiveness in high value-added and knowledgeintensive sectors, shift the value in the production chain for the production of more complex products, save natural resources in the perspective of a circular economy, offer better services, attract direct foreign investments and, ultimately, ensure better positioning of the country in the International Division of Labour.
Participation of aid beneficiary in the cost of the investment project:
The aid beneficiary may participate in the cost of the investment project either through its own resources or by external financing, provided that at least twenty-five percent (25%) of the total investment cost does not contain any State aid, public support or provision
Minimum threshold of investment projects:
- for large enterprises, in the amount of five hundred thousand (500,000) euros
- for medium-sized enterprises, cooperatives and clusters in the amount of two hundred fifty thousand (250,000) euros
- for small enterprises, in the amount of one hundred fifty thousand (150,000) euros
- for micro enterprises, in the amount of one hundred thousand (100,000) euros
- for the Social Cooperative Enterprises and the Agricultural Cooperatives, the Producers Groups and the Rural Partnership in the amount of fifty thousand (50,000) euros.
Beneficiaries of included investment projects: Aid beneficiaries of these aid schemes are enterprises established or having a branch in the Greek territory at the time of start of works of the investment project in one of the following forms:
- personal business
- trading company
- Social Cooperative Enterprises, Agricultural Cooperatives, Producers Groups, Rural Partnerships
- companies under establishment or merging companies, with the obligation to have completed the publicity procedures before the start of works of the investment project
- businesses operating as a joint venture provided they are registered with the General Commercial Registry (GCR)
- public and municipal companies and their subsidiaries, under specified circumstances
- In the tourism sector, the following investment projects shall be included in the aid schemes:
- establishment or extension of hotel units of at least three (3) stars
- comprehensive modernisation of hotel units which belong or Volume A 117/22.06.2016 GOVERNMENT GAZETTE 6869 are upgraded to a class of at least three (3) stars, after five years from the start of the unit or from the date of completion of the previous investment of comprehensive modernisation of the unit
- extension and comprehensive modernisation of hotel facilities that have ceased operations, provided that during the cessation period the use of the building has remained unchanged and that through the extension or the comprehensive modernisation they are upgraded to a class of at least three (3) stars
establishment, extension and comprehensive modernisation of tourism camping sites, which belong or are upgraded to a class of at least three (3) stars
establishment and comprehensive modernisation of hotel units in designated traditional or listed buildings, which belong or are upgraded to a category of at least two (2) stars
complex tourism accommodation, except the part there of relating to buildings and facilities to be transferred or leased on a long-term and provided they are submitted as single investment projects under Articles 65-69
Special Tourism Infrastructure facilities (conference centres, golf courses, touristic ports, ski resorts, theme parks, spa tourism facilities [spa care units, spa tourism centres - thermalism, thalassotherapy centres, spas], coaching sports tourism centres, mountain refuges, car racing),
agritourism facilities or wine tourism for investment projects submitted by clusters
establishing of youth hostels, if the beneficiaries are those referred to in points (c) and (d) of paragraph 1 of Article 6.
Eligible costs of regional aids: (Regional Map of Greece for Period 2014-2020)
- capital expenditure in tangible assets
- capital expenditure in intangible assets
- the wage cost of new jobs created as a result of the implementation of the investment project, calculated over a period of two (2) years from the creation of each position.
Eligible costs except for regional aids:
- Investment costs for consultancy in favour of SMEs. They relate to studies and consultancy fees for new investment projects of small and medium enterprises and cannot be subject to continuous or periodic activity nor relate to the usual operating expenditure of the business.
- Start-up costs for small and micro enterprises under establishment.
- Innovation costs for SMEs
- Costs for process and organisational innovation for SMEs
- Expenditure on innovation clusters
- Investment costs for energy efficiency measures
- Investment costs for high-efficiency cogeneration from renewable energy sources
- Costs for energy production from renewable sources
- Costs for the installation of energy efficient district heating and cooling
- Costs for remediation of contaminated sites