Processing – Supply Chain
The new Development Law (L.4887/2022) was published, which replaces the current development law (L.4399/2016).
The aim of the Ministry of Development and Investments with the approval of the new Development Law is to strengthen the economic development of our country by providing incentives to specific activities and sectors.
To achieve this goal, the new Development Law 2022 provides for the acceleration and simplification of the evaluation, approval and control procedures of the submitted investment plans, as well as the provision of higher aid rates.
Funding Key Points
Day start/end
- CYCLE B: June 1, 2023 – December 29, 2023
Content of Investment Plan
- Create a new unit.
- Expansion of the capacity of an existing unit.
- One unit production differentiation.
- Fundamental change of the entire production process of an existing unit.
Beneficiaries
- Commercial company
- Partnership
- Co.S.Ep, AS, OP, AES
- Joint ventures engaged in commercial activity
- Public and municipal enterprises and their subsidiaries subject to conditions.
Budget
Derived Investment Plans
- 1,000,000 euros for large companies
- 500,000 euros for medium-sized enterprises
- 250,000 euros for small businesses
- 100,000 euros for very small businesses
- 50,000 euros for Social Cooperative Enterprises (SOEs), as well as Agricultural Cooperatives (A.S.), Urban Cooperatives, Producer Groups (O.P.) and Agricultural Partnerships (A.E. .S.).
Eligible branches of economic activity are
- The manufacturing industry
- The logistics industry
Eligible Expenses
Eligible costs within regional aid
Other Information
Financial scheme of investment projects
Types of Reinforcements
Intensities and Amounts of regional aid
Maximum amounts of aid granted
Financial scheme of investment projects
Each institution participates in the cost of the investment project either with own funds or with external financing (or with a combination of these).
The pre-approval of the loan should be submitted electronically through P.S.AN. at the latest within 45 days of the application deadline.
The pre-approval of the loan should be submitted electronically through P.S.AN. at the latest within 45 days of the application deadline.
Types of Reinforcements
- Subsidy.
- Lease subsidy.
- Subsidizing the cost of the employment created.
- Tax exemption.
Intensities and Amounts of regional aid
For very small and small businesses , the aid rates for all types of incentives, except for the grant, are granted at the maximum rate of the Regional Aid Charter. The incentive of the grant is granted at eighty percent (80%) of the upper limit of the Regional Aid Map, unless the place of implementation of the investment falls under the Table of Special Areas posted by the Ministry (100%) or the property of the investment is maintainable (90%).
For medium and large enterprises, the percentages of aid for all types of incentives, except for the grant, are granted at eighty percent (80%) of the upper limit of the Regional Aids Charter. The incentive of the grant is granted only to medium-sized enterprises and only to the Regional Units of Eastern Macedonia and Thrace.
For medium and large enterprises, the percentages of aid for all types of incentives, except for the grant, are granted at eighty percent (80%) of the upper limit of the Regional Aids Charter. The incentive of the grant is granted only to medium-sized enterprises and only to the Regional Units of Eastern Macedonia and Thrace.
Maximum amounts of aid granted
The total amount of aid per submitted investment project cannot exceed the amount of €3,000,000 for all types of aid.
For medium and large companies, the amount of support cannot exceed €5,000,000 for the enhancement of the tax exemption.
It is possible to combine the aids.
The aid provided to each body, which also includes the aid to partner or affiliated companies, cannot cumulatively exceed €20,000,000 for an individual company and €30,000,000 for all partners according to their participation percentage or affiliated companies.
For medium and large companies, the amount of support cannot exceed €5,000,000 for the enhancement of the tax exemption.
It is possible to combine the aids.
The aid provided to each body, which also includes the aid to partner or affiliated companies, cannot cumulatively exceed €20,000,000 for an individual company and €30,000,000 for all partners according to their participation percentage or affiliated companies.