A new financial "breath of fresh air" for businesses in mainland Greece is being implemented, enabling existing micro and small enterprises to receive subsidies of up to €15,000 through the Fair Development Transition Program 2021-2027.
This initiative aims to strengthen local economies in areas affected by the phase-out of lignite and broader changes in the country's energy model.
Unlike bank loans or other forms of aid that entail future obligations, this initiative is a non-repayable grant, covering up to 75% of a business's total investment plan.
Interested parties can submit investment proposals with a budget of between €2,000 and €20,000, which means that for an investment of €20,000, public funding can reach up to €15,000.
Businesses already operating in the Region of Western Macedonia, as well as in the municipalities of Megalopolis, Oichalia, Gortynia, and Tripoli, are eligible to participate.
The subsidy can be used to cover a wide range of business needs, such as the supply of mechanical equipment, the purchase of software and digital tools, building interventions, and consulting services.
At the same time, it includes expenses for electric commercial vehicles, as well as indirect operating expenses that can amount to up to 7% of the total investment budget.
The total budget for the action is €20 million, of which €14 million is earmarked for the Region of Western Macedonia and the remaining €6 million for eligible areas of the Peloponnese.
Online applications will open on March 19 and close on June 30. Companies joining the program must complete their investment plan within 9 months of the date of approval of the funding application.