Enhancing Productive Investments for Adaptation/Modernization and Recovery

Beneficiaries of the action are Existing, very small, and small enterprises.

The basic conditions that must cumulatively apply before the electronic submission date of the funding application are the following:

• They must have at least two (2) full closed fiscal years (calendar years n-1, n-2) before the electronic submission date of the funding application (year n). A full closed fiscal year is understood as a year lasting 12 months. [e.g., 01-01-2024 to 31-12-2024 (year n-1), 01-01-2023 to 31-12-2023 (year n-2)].

• They must be substantially active (Main Activity Code or Activity Code with higher gross revenue) for two (2) years in one (1) eligible Activity Code (KAD) included in Annex IV - Eligible Activity Codes (KAD) of the Call, specifically:

• for years (n-1) and (n-2), if the substantial activity arises from the enterprise's Main Activity Code, or
• for years (n-2) and (n-3), if the substantial activity arises from the Activity Code with higher gross revenue.

• The proposed investment plan must concern at least one eligible investment KAD included in Annex IV - Eligible Activity Codes (KAD).

• They must have at least two (2) Annual Work Units (AWU) of dependent employment in the calendar year (n-1) preceding the submission date of the funding application. This will be confirmed based on the declared data maintained for the enterprise in the ERGANI information system.

• The amount of the subsidized budget of the investment plan cannot exceed twice the highest turnover [code (500) of tax form E3] achieved in one of the two full closed fiscal years, [for which the appropriate tax forms have been submitted to AADE for the tax years (year n-3) and (year n-2) preceding the submission of the funding application (year n)], with a maximum limit of €200,000, and a minimum limit of €30,000.

• They must submit one and only one application for funding per Tax Identification Number (AFM).

• They must operate or intend to operate in the Region of Attica, and implement the investment exclusively within the Attica Region.

• They must operate legally in their substantially exercised activity (i.e., in the main activity or the one with the highest revenue) possessing the appropriate licensing document, in accordance with current legislation and the activity (e.g., operating license, responsible declaration of commencement of operation, operating license exemption, notification of commencement of operation, etc.). In cases where the license has not been issued or has expired, the submission of the relevant application for its issuance/renewal or any document proving the initiation of the licensing process (e.g., questionnaire submitted to OPS-AADE or notification – installation approval or environmental terms approval decision (AEPO)) is required.

Businesses whose activity does not require an operating license must submit a Responsible Declaration from the Legal Representative, certifying that no operating license is required or a document exempting them from this obligation, with relevant documentation referring to the provisions of the legislation that exempts the activity from this obligation.

• They must not have completed the physical object of the investment or fully implemented it before the date of the Call for Action.

• They must commit that the expenses included in this funding application have not been funded, have not been included, and will not be submitted for approval in another program funded by national or community resources.

• They must commit that the investment implementation site is not the beneficiary's residence (primary or secondary).

• They must commit that, until the completion of the investment and depending on the type and nature of the proposed Action, they will ensure appropriate interventions to guarantee access for people with disabilities (PWD) to building infrastructure, services, and electronic environments, in accordance with the current institutional framework.

• The funding application must achieve a minimum total score of 50 in the evaluated assessment criteria.

The conditions mentioned in the call must be met in their entirety. Failure to satisfy one or more of these constitutes a condition for exclusion of the investment plan and, consequently, a reason that makes the submission of the application impossible or leads to its rejection.

The total Public Expenditure of the Action amounts to €65,000,000 with the possibility of inclusions up to €120,250,000 (185%).

The subsidized budget of each investment proposal for a potential beneficiary can range from €30,000 up to €200,000.

The grant rate in the form of subsidy is set at 50%.

The grant rate may be increased by:

• 10% of the Public Grant if the investment plan includes expenses from category 02.21-02.22-02.23-Equipment (GREEN) at a rate of 20% of the eligible budget upon submission of the funding application
• 5% if the investment is implemented exclusively in one of the following areas of Attica – Special Support Areas:

The aid follows the framework of EU Regulation 2831/2023 (De Minimis).

Within the framework of the action, the following expenses are eligible for support:

The eligibility start date for expenses is the publication date of the Call for Action (2025-06-04).

An immediate evaluation process will be followed for applications in the order of their submission (date and time) until the Action's budget is exhausted.

The maximum duration for the completion of the physical and financial scope of the investment plan cannot exceed twenty-four (24) months from the approval date of the funding application.

The call will remain open for applications until the available public expenditure (€120,250,000) is exhausted, and no later than six (6) months from the start date of electronic submission of funding applications.