Reinforcement of investment plans of new, newly established and under establishment Small and Medium Enterprises (SMEs) in the Region of Thessaly for the establishment, modernization or expansion of these through technological and non-technological upgrading, with the use of supporting technologies or innovation, to improve productivity, quality and innovation at business level with the aim of developing new products and services and modernizing businesses

Action Budget

10 million euros for the Region of Thessaly
Beneficiaries of the Action

Production enterprises, which operate exclusively with one of the following forms of business of a corporate / commercial nature: Public Company, Limited Liability Company, Limited Partnership, Limited Partnership, IKE, sole proprietorship, Cooperative, Social Cooperative Enterprise of Law 4019/2011 (KOINSEP ), Recreational Vessel Shipping Company (NEPA).

Investment Plans & Subsidy

Investment plans from 50,000 euros up to 400,000 euros

Subsidy from 70%

Eligible Fields of Activity

Eligible bodies, which may be eligible for public funding in the context of this action, are:
1. NATURAL OR LEGAL PERSONS – ESTABLISHED COMPANIES
Legal entities or natural persons, which are to establish medium, small and micro enterprises, as defined in accordance with Commission Recommendation 2003/361/EC as adapted by the annex to Commission Regulation (EU) 651/2014 (Annex IV). The companies under establishment must have a date of commencement of activity after the date of submission of the proposal and must have (from their establishment) a profit-making nature in the form of a commercial company (S.A., E.P.E., IKE, O .E., E.E.), or sole proprietorship, or profit-making cooperative Co.S.Ep. or Nautical Company of Recreational Vessels (N.E.P.A.) and will keep B' or C' category books of the CBS before the first disbursement of the corresponding grant.
2. NEWLY ESTABLISHED MEDIUM, SMALL AND VERY SMALL ENTERPRISES
Newly established medium, small and very small enterprises, as defined in Commission Recommendation 2003/361/EC as adapted by the annex to Commission Regulation (EU) 651/2014 (Annex IV), are also eligible to participate in the Program. at the time of the submission of the investment proposal they have been established and started their activity, but have not closed a full management year.
3. NEW MEDIUM, SMALL AND VERY SMALL ENTERPRISES
Eligible to participate in the program are new medium-sized, small and very small enterprises, as defined in Commission Recommendation 2003/361/EC as adapted by the annex to Commission Regulation (EU) 651/2014 (Annex IV), which should , until 12/31/2018 have closed at least one (1) and less than three (3) management years.
4. ADDITIONAL CONDITIONS
1. The submitted proposal falls under the Activity Code Numbers (KAD), as detailed in the Appendix "Table of Eligible KAD" of the Invitation. Businesses have or are committed to and must have the investment capital account before the first disbursement.
2. The proposed investment project is located exclusively in the Region of Thessaly.
3. The company either uses a bigraphic or haplographic accounting system (keeps B or C category books) and until 12/31/2018 has closed less than three management years, or is under incorporation and commits to using a bigraphic or haplographic accounting system .
4. When submitting the funding application, the organizations will provide evidence of securing Private Participation in accordance with the Invitation to a percentage of at least 40% of the proposed (subsidized) budget of the Investment Plan.
5. The business operates – or if it is under formation, undertakes to operate – with one of the following forms of business of a corporate / commercial nature: SA, EPE, OE, EE, I.K.E, Sole Proprietorship, Cooperative, COINSEP, Shipping Recreational Vessels Company (N.E.P.A.).
6. The business has the - as the case may be - required operating license in force or the application submitted to the competent body for its issuance or renewal for the activity(ies) in which it operates. In the event that the investment plan concerns a KAD, in which the company has not been active, the company is obliged to present the operating license before the payment of the last payment.
7. The company (existing or under formation) submits only one proposal to the Invitation (one and only investment project per FIN).
8. The submitted investment plan or part of it, as well as the costs it includes, have not been financed, included and will not be submitted for financing approval to another program financed by national or community resources.
9. There is no state aid recovery pending against the company following a European Commission decision declaring an aid illegal and incompatible with the internal market. This obligation also applies to natural or legal persons who submit an investment plan for the establishment of a new business.
10. The company or the natural or legal persons who submit an investment plan for the establishment of a new company are not under bankruptcy, liquidation or compulsory administration.
11. Not to be problematic companies as defined in APPENDIX VI DEFINITION OF PROBLEM COMPANIES OF THIS INVITATION
12. The companies have or are bound by a responsible statement of the Legal Representative that until the completion of the investment they will ensure the appropriate infrastructure and services for it, with the aim of minimizing obstacles and facilitating access to them, where this is necessary and necessary, persons with disabilities, in accordance with the provisions of article 7 of Regulation (EU) no. 1303/2013 of the European Parliament and of the Council, of 17 December 2013, laying down general provisions for the European Regional Development Fund, the European Social Fund and the Cohesion Fund and repealing Regulation (EC) no. 1083/2006. Infrastructure means both the building infrastructure and the electronic applications addressed to the customer public (e.g. websites and other electronic applications, such as electronic information and/or service points, etc.) in accordance with the instructions of the ESAmeA .
13. The existing company is not part of, and the company under establishment will not be part of, an already organized uniform product distribution or service provision network which exploits, following relevant contracts, licenses for the exploitation of intellectual property rights, which usually concern trademarks or distinctive titles and know-how for the use and the distribution of goods or services (eg franchising, shop in shop, agency network).
14. The period of implementation of the investment plan is within the eligibility period of the Program Period and the Call.
15. The submitted proposal is harmonized and obeys the restrictions on the accumulation of aid provided by the Regulations that govern it. The aid granted by virtue of this call with Reg. (EU) 1407/2013 and fulfills all the conditions of this Regulation.
16. The investment project (physical and financial object) has not been completed before the date of submission of the proposal.
17. In accordance with no. 39 par. 1 of Law 4488/2017, no fines have been imposed - on the company or the founders of the company under establishment - that have acquired final & binding force, for violations of labor legislation and in particular:
– Violation of “high” or “very high” severity (3 fines/ 3 inspections),
– Undeclared work (2 fines/ 2 checks), for the reasons of art. 39, par. 1, of Law 4488/2017.