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Manufacturing – Supply Chain

Manufacturing – Supply Chain

The purpose of the Manufacturing - Supply Chain scheme under Development Law 4887/2022 is to provide support for investment projects within the manufacturing sector, with the exception of the manufacturing of agricultural products for which the "Agri-food - primary production and processing of agricultural products – fisheries" scheme is established. Additionally, it aims to support investment projects within the supply chain sector. This aid scheme of the New Development Law focuses on technological advancements, production improvements, administrative and organizational upgrades, as well as fostering innovative and extrovert development and growth. The overall goal is to enhance the competitive position of enterprises in both domestic and international markets.

The aid scheme "Processing - Supply chain" is announced through continuous annual calls valid for three (3) months for investment proposals and has an annual budget of €150,000,000, of which seventy-five million (75,000,000.00) euros relate to the type of aid of the tax exemption. The remaining seventy-five million (EUR 75,000,000.00) relates to the types of aid for the grant, the leasing subsidy and the subsidy for the cost of employment created. All investment proposals undergo a comparative evaluation process. Proposals must attain a minimum score of 70 points to progress to the ranking stage. Based on the results of the assessment, the relevant assessment results are drawn up.

The beneficiaries of the aid scheme are enterprises that are either established or have a branch in Greece at the commencement of the investment project. Medium and large enterprises are eligible for tax exemptions, leasing subsidies, and employment subsidies, while small and micro enterprises can receive all types of state-aid incentives, including cash grants. These types of aid can be provided individually or in combination, with the total amount of aid determined for each investment project.

For the investment proposals, each entity is required to contribute to the project cost using its own funds or external financing (e.g., loans). It is important to note that 25% of the subsidized cost of the investment project must not include any form of state aid, public support, or benefits.

The minimum amount of investment plans is determined differently based on the size of the companies. For large-sized companies, the minimum investment amount is set at €1,000,000. Medium-sized companies have a minimum investment requirement of €500,000. Small-sized companies must invest at least €250,000, while very small-sized companies have a minimum investment threshold of €100,000. Social Cooperative Enterprises, as well as Agricultural Cooperatives (AS), Producer Groups (POs) and Agricultural Corporate Partnerships (ACs) have a minimum investment requirement of €50,000.

Eligible projects can receive support to fund qualifying expenditures, of regional character for initial investment independently or in combination with non-regional character state (COMMISSION REGULATION (EU) No 651/2014).

Eligible expenses for regional state aid

  • Construction, extension, and modernisation of buildings, as well as special and ancillary facilities of buildings, and for structures to ensure accessibility for disabled persons and persons with disabilities, as well as landscaping.
  • Acquisition of all or part of the existing fixed assets, such as buildings, machinery, and other business equipment
  • Acquisition and installation of new, modern machinery and other equipment, including technical installations and transportation vehicles operating within the unit's premises.
  • Leasing of new contemporary machinery and other equipment.
  • Expenses for updating specialized facilities not related to buildings and mechanical installations.
  • Transfer of technology through the acquisition of intellectual property rights, licensing, patents, know-how and non-registered technical knowledge.
  • Quality assurance and control systems, certifications, purchase and installation of software and business organization systems.
  • Wage cost

Eligible expenses for non-regional state aid

  • Expenditure on consultancy services for SMEs.
  • Expenditure for the remediation of contaminated sites.
  • Expenditure on recycling and reuse of waste.
  • Expenditure on vocational training.
  • Expenditure on SME participation in trade fairs
  • Expenditure on investment aid to SMEs

consulting idea

GRAFES LP Business Consultants identifies the suitable call for your investment and provides you with free pre-evaluation.

project funding Final Disbursement of the Subsidy GRAFES Lp Business Consultants drafts, submits and manages your proposal for project funding until the Final Disbursement of the Subsidy .

We remain at your disposal for any further information you may require and want to discuss with us, and available to recommend the best solution for your business

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