Expenditure Eligible in Development Law 4887/2022

• A) Expenditures of regional character, which may receive state aid for initial investment. These expenditures can be supported either independently or in combination with non-regional character state aid expenditure, following the guidelines outlined in COMMISSION REGULATION (EU) No 651/2014.
• B)Expenditures of exclusively non-regional character, which also fall under the provisions of COMMISSION REGULATION (EU) No 651/2014.

The support provided under Development Law 4887/2022 can be tailored to both regional and non-regional investment projects, ensuring that eligible projects can receive appropriate funding based on their specific nature and objectives.

A. Eligible expenses for regional state aid

Α.1 Capital expenditure on tangible assets and in particular expenditure on:

• 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, subject to the following cumulative conditions: (I) the business establishment has ceased operations, (ii) the acquisition is made by the entity of the investment project, which is not related to the seller of the business establishment unless it is a small enterprise acquired by an employee of the original owner, (iii) the relevant transaction is carried out under the customary market terms..
• 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.

Α.2 Investment expenses for intangible assets and in particular expenditure on:

• 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

For large enterprises, the aided expenditure on intangible assets may not exceed 30% of the total aided regional aid expenditure. For SMEs, the maximum percentage is set at 50%.

Α.3 The wage cost of the new jobs

The wage costs of the new jobs created as a result of the implementation of the investment project are calculated for two (2) years from the creation of each job. All employment positions must be filled within a timeframe of three (3) years from the date of completion and commencement of productive operations of the investment. Furthermore, each job generated as a result of the investment must be retained within the assisted establishment for a minimum duration of five (5) years for large enterprises, four (4) years for medium-sized enterprises, and three (3) years for small enterprises, starting from the initial creation date of the position.

Β. Eligible expenses for non-regional state aid

• Consultancy services to SMEs studies and consultancy fees for investment projects of new small and medium-sized enterprises
• Start-up costs for newly created and start-up small and micro enterprises
• Expenditure on research and development projects
• Innovation expenditure for SMEs
• Expenditure on process and organisational innovation for SMEs and large enterprises
• Expenditure on environmental protection
• Expenditure on energy efficiency measures
• Expenditure on high-efficiency cogeneration from renewable energy sources
• Expenditure on energy production from renewable sources
• Expenditure on the installation of efficient district heating and cooling systems
• 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 aid for disadvantaged workers.