Reinvest in Thessaly – Subsidy up to 60%
Applications until 30/09/2019

I am reinvesting in Thessaly
Strengthening existing very small, small and medium-sized enterprises in the Region of Thessaly for the implementation of modernization investments through technological and non-technological upgrading, with the use of supporting technologies or innovation, with the aim of improving productivity, quality and innovation at the enterprise level. Investments may concern:
- in the reorientation of production towards branches and products of higher added value that will contribute to strengthening the extroversion of businesses and the conclusion of international partnerships
- in the production of innovative products to improve their competitiveness
- in the development of products and services as a priority in areas of smart expertise
- in supporting and increasing production investments with an emphasis on quality upgrading, standardization and certification of products
- in the development of new products and services.
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 80,000 euros up to 400,000 euros
Subsidized by 60%
Eligible Fields of Activity
- Agri-Food Complex
- Energy,
- Environment,
- Creative Tourism
- Rehabilitation and Advanced Health Services
- Metals and Building Materials,
in accordance with Annex VIII which includes all the CSIs that are eligible for this call and where the CSIs that correspond to an economic sector of RIS3, as well as those that are outside RIS3, are specifically noted.
Basic Conditions of Participation
The basic conditions for the participation of businesses are the following:
- The company has the status of a Small and Medium Enterprise.
- The proposal falls under the Activity Code Numbers (KAD), as detailed in the Appendix "Table of Eligible KAD" of the Invitation.
- The proposed investment project is located exclusively in the Region of Thessaly.
- The existing business uses a bigraphic or simple accounting system (keeps B or C class books) and until 12/31/2018 has closed at least three management years.
- The company's private participation in the investment plan does not exceed per year 50% of its average turnover for the last three years.
- The company has the - as the case may be - required valid operating license or the application submitted to the competent body for its issuance or renewal, for the activity(ies) in which it operates.
- The company submits a unique investment plan per VAT number.
- The specific 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.
- The business is not in bankruptcy, liquidation or receivership.
- Not to be problematic businesses.
- The company is not part of an already organized uniform network of product distribution or service provision which exploits, 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).
- The investment project (physical and financial object) must not have been completed before the date of submission of the proposal.
Subsidized Expenses
- Cost to invest in assets
- Consultant agency
- Aids for participation in trade fairs
- Innovation aids
- Personnel costs (salary costs of new personnel).
13 July 2018 is set as the start time for expenditure eligibility.
Time of Implementation of Investment Plans
Until twenty-four (24) months from the date of issuance of the Incorporation Decision.
Submission Period
Start Submissions: May 16, 2019
Deadline for Submissions: September 30, 2019
Contact – Information
Contact KEK KEPETH for more information
9 Vassani Street, 38333, 2nd Floor, Volos
Tel. Contact: 24210-30535
Information
- Requests by: until 30/09/2019
- Beneficiaries: Small and very small Businesses
- Subsidy : From €80,000 to €400,000
Program Invitation