Modernization of Small Business in Western Greece 2025

Beneficiaries: existing, very small or small businesses, which meet all the participation requirements described in the Detailed Call.

Existing businesses are understood to be those that have at least one (1) full, closed, and cleared by AADE fiscal year before the date of electronic submission of the funding application.

A closed full fiscal year refers to the year for which the final financial result has been determined accounting-wise and the appropriate tax forms (e.g., E3 & N forms) have been submitted to AADE, and which has a duration of 12 months.

The basic participation requirements for potential beneficiary businesses are as follows:

• Submit one and only one funding application per Tax Identification Number (AFM) for all 3 individual calls (sub-actions) and for the action "MODERNIZATION OF SMALL BUSINESS IN WESTERN GREECE 2025". In case of submission of more proposals, the first proposal in time will be considered, and the rest will be rejected.
• The proposed investment plan must concern at least one of the eligible NACE codes defined by the call, in which the beneficiaries must be substantially active during the last closed and cleared fiscal year by AADE, i.e., they must have declared it in the recent E3 form as the Main Activity NACE code (E3 CODE: 021) or the NACE code with the Largest Gross Revenue (E3 CODE: 022).
• Operate in Greek territory and make an investment exclusively within the Region of Western Greece. Specifically, eligible businesses are those with headquarters or establishment in the Region of Western Greece before the issuance of the call and are not excluded in cases where they have branches outside it. Multiple implementation locations are allowed within the Region of Western Greece, provided that the provisions of point 2 are observed. New implementation locations within the RWE are allowed with new branches that will be declared as such in OPSKE. All implementation locations must have an eligible investment NACE code according to the terms of point 2 above.
• Have completed at least one (1) full (12-month) fiscal year, cleared by AADE, before the date of electronic submission of the funding application, as mentioned above.
• The highest annual turnover of the business in one of the last 3 full closed fiscal years must be greater than €500,000.
• Qualify as a small or very small enterprise, as defined in Commission Recommendation 2003/361/EC of 6 May 2003 and in accordance with Annex I of EU Regulation 651/2014 concerning the definition of micro, small, and medium-sized enterprises.
• Operate legally, possessing the appropriate licensing document, in accordance with current legislation for the activity carried out under the Investment NACE code (e.g., professional license, 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 is required. Businesses with activities for which an operating license is not required must submit a Responsible Declaration from the Legal Representative, certifying that an operating license is not required or a document of exemption from the relevant obligation, with supporting documentation.
• The investment implementation site must not be the beneficiary's residence (primary or secondary).

ELIGIBLE BUDGET

The budget for the Public Expenditure of the Action amounts to €3,000,000.

Within the framework of the Action, investment projects with a subsidized budget ranging from €40,001 to €120,000 will be funded.

The public expenditure for all investment plans amounts to 50% of the subsidized budget.

ELIGIBLE EXPENSES

The eligibility start date for expenses is the publication date of this call (2025-12-18).

The following expenses are eligible – De minimis Regulation:

• Expenses for Buildings, Land, Facilities & Surrounding Area
• Procurement of new modern machinery and other equipment
• Transport Means for use within and outside the business
• Software and software program usage rights (licenses)
• Certification of services & processes according to national, harmonized, and other European and international standards
• Expenses for product development or process study services
• Expenses for Packaging Design – Label – Branding, Promotion and Outward Orientation
• Expenses for Feasibility Study Preparation
• Services for the supply/use of Software under "Software as a Service", "cloud computing" or other similar arrangements
• Indirect Costs (7% of the eligible direct costs of the investment plan)

Beneficiaries: existing, individual businesses, which meet all the participation requirements described in the Detailed Call.

Existing businesses are understood to be those that have at least one (1) full, closed, and cleared by AADE fiscal year before the date of electronic submission of the funding application.

A closed full fiscal year refers to the year for which the final financial result has been determined accounting-wise and the appropriate tax forms (e.g., E3 & N forms) have been submitted to AADE, and which has a duration of 12 months.

The basic participation requirements for potential beneficiary businesses are as follows:

• Submit one and only one funding application per Tax Identification Number (AFM) for all 3 individual calls (sub-actions) and for the action "MODERNIZATION OF SMALL BUSINESS IN WESTERN GREECE 2025". In case of submission of more proposals, the first proposal in time will be considered, and the rest will be rejected.
• The proposed investment plan must concern at least one of the eligible NACE codes defined by the call, in which the beneficiaries must be substantially active during the last closed and cleared fiscal year by AADE, i.e., they must have declared it in the recent E3 form as the Main Activity NACE code (E3 CODE: 021) or the NACE code with the Largest Gross Revenue (E3 CODE: 022).
• Operate in Greek territory and make an investment exclusively within the Region of Western Greece. Specifically, eligible businesses are those with headquarters or establishment in the Region of Western Greece before the issuance of the call and are not excluded in cases where they have branches outside it. Multiple implementation locations are allowed within the Region of Western Greece, provided that the provisions of point 2 are observed. New implementation locations within the RWE are allowed with new branches that will be declared as such in OPSKE. All implementation locations must have an eligible investment NACE code according to the terms of point 2 above.
• Have completed at least one (1) full (12-month) fiscal year, cleared by AADE, before the date of electronic submission of the funding application, as mentioned above.
• The highest annual turnover of the business in one of the last 3 full closed fiscal years must be up to €100,000.
• The lowest annual turnover of the business in one of the last 3 full closed fiscal years must be greater than or equal to €15,000.
• Be a Small or Very Small Enterprise, as defined in Commission Recommendation 2003/361/EC of 6 May 2003 and in accordance with Annex I of EU Regulation 651/2014 concerning the definition of micro, small, and medium-sized enterprises.
• Operate legally, possessing the appropriate licensing document, in accordance with current legislation for the activity carried out under the Investment NACE code (e.g., professional license, 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 is required.
• Operate exclusively as an Individual Business (Sole Proprietorship).
• The investment implementation site must not be the beneficiary's residence (primary or secondary).

ELIGIBLE BUDGET

The budget for the Public Expenditure of the Action amounts to €2,000,000.

Within the framework of the Action, investment projects with a subsidized budget ranging from €5,000 to €10,000 will be funded.

The public expenditure for all investment plans amounts to 50% of the subsidized budget.

ELIGIBLE EXPENSES

The eligibility start date for expenses is the publication date of this call (2025-12-18).

The following expenses are eligible – De minimis Regulation:

• Expenses for Buildings, Facilities and Surrounding Area
• Expenses for Accessibility Improvement
• Expenses for Office Equipment or other equipment
• Software Expenses
• Certification Expenses
• Expenses for Product/Service Design
• Expenses for Corporate Identity, Business Promotion, Participation in Exhibitions
• Indirect Costs