NSRF 2021-2027

SUPPORT FOR THE ESTABLISHMENT AND OPERATION OF NEW SMALL AND MEDIUM-SIZED TOURISTIC BUSINESSES

Funding Key Points

Date of opening/closing of applications

From December 18, 2023, to February 29, 2024, until 3:00 PM

Content of the Investment Plan

Enhancement of tourism entrepreneurship through the creation of new very small, small, and medium-sized enterprises in selected tourism sectors.

Beneficiaries

  1. Under establishment and newly formed medium, small, and very small enterprises expected to operate in the tourism sector, as defined in Commission Recommendation 2003/361/EC.
  2. Newly established enterprises, defined as those with less than 12 months of continuous operation from the business start date until the date of the Action announcement.

Investment plans with CAE (Classifications of Economic Activities) code Accommodation (CAE 55) must meet the following conditions:

MAIN ACCOMMODATION FACILITIES

  • Hotels:
    • Categorized as 4**** (four stars) and above
    • Capacity of 12 beds and above
  • Hotel Accommodations within traditional buildings specified in PD 33/1979
  • Organized tourist camps (camping):
    • Categorized as 3*** (three stars) and above

NON-MAIN ACCOMMODATION FACILITIES

  • Self-catering accommodations – furnished tourist residences
    • Minimum of three (3) units, all required to be under the same MHTE (Greek National Tourism Organization) number
  • Furnished rooms – apartments:
    • Categorized as 4 keys and above
    • Minimum capacity of 12 beds

Budget

The subsidized budget for each investment plan ranges from €80,000 to €400,000.

Underlying investment projects

The grant percentage for eligible expenses is 45%.

Additional Subsidy:

  • An extra 10% if the investment is made in remote, fire-affected, flood-prone areas, or small islands.
  • An additional 5% with the achievement of employment coverage for at least 0.2 FTE (Full-Time Equivalent) in the first year after completing the investment.

Eligible expenditure

  • Buildings, facilities, and surrounding areas
  • Machinery – Equipment
  • Digital equipment – Software and Software Services
  • Supplementary expenses for:
    • Certification of Quality Assurance Systems, Environmental Management
    • Promotion, external relations, and internationalization
    • Transportation means
    • Studies and consulting services
    • Logo design and corporate identity
    • Indirect expenses

Other information

The implementation duration of the physical and economic objectives of the investment plan is strictly set at 24 months.

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