The main objective of the action is to strengthen the investment plans of existing very small, small and medium-sized tourism businesses of all sectors for the modernization of their infrastructure and operation, their quality upgrade and the enrichment, upgrading and certification of the products and services offered , in order to improve their position in the domestic and international tourism market.

Target Audience
Eligible for this action are companies that were established until 31/12/2015, have been eligible for the KAD program (Appendix II) since then and employ on average at least half (0.5) full-time employees. It is clarified that: - the company does not have the obligation to have the investment CAD when submitting the financing application but must have it available before the first disbursement - the investment CAD should be complementary to the company's CAD. For the other tourist businesses, KAD 55.1, 55.2, 55.3 are not considered supplementary

Submission period
from 29/3/2016 to 17/5/2016

Terms and conditions
For the purposes of this Program, businesses are categorized as follows:

Existing businesses: businesses that have two (2) or more full management uses. In businesses with three or more uses, the business is required to employ on average in the three years 2013-2015 at least half (0.5) of salaried workers. In businesses with two uses, it is required, by analogy, that the business employs on average in the two years 2014-2015 at least half (0.5) of salaried labor.
New businesses: the companies that were established until 31/12/2015, employ at least half (0.5) of salaried employees and do not fall into the above category of existing ones. It is noted that in the case of businesses operating in KAD 55 or detailed thereof, the investment plan may result in an increase in the capacity of existing accommodation and not the creation of a new one.

They are not eligible to apply for funding:

• public enterprises, public bodies or public organizations and/or their subsidiaries, as well as enterprises assimilated to them.

• the companies that are part of an already organized uniform network of product distribution or service provision and which exploit, following relevant contracts, licenses to exploit intellectual property rights, which usually concern trademarks or distinctive titles and know-how for the use and distribution of goods or services (e.g. . franchising, Shop in shop, agency network etc).

What is funded
The subsidized budget of each investment project of a potential aid beneficiary cannot exceed the total turnover of the year 2015 or the amount of one hundred and fifty thousand euros (€150,000), if the turnover is greater than €150,000 and cannot be lower than fifteen thousand euros (€15,000).

Eligible Expenses

• Buildings, facilities and surroundings

• Machinery – Equipment

• Environmental Protection and Energy and Water Saving Equipment and Facilities

• Certification of quality assurance and environmental management systems

• Promotion – Promotion up to €15,000

• Software and Software Services up to €20,000

• Means of transport up to €15,000

• Monitoring the implementation of the Investment Plan up to €2,500

• Market studies / surveys. €5,000 and up to €2,500/study

• Salary cost of employees up to €24,000 as follows: €12,000.00 per EME (existing and/or new) and up to two EMEs

INFORMATION
Contact KEK KEPETH for more information
28 Thrakon, 38333, 4th Floor, Volos
Tel. Contact: 24210-30535