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700 million SME Environmental Action Program

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700 million SME Environmental Action Program

It starts on Wednesday 22 March and will remain open until the available budget is exhausted, which reaches 700 million euros, the possibility of applying for funding online for the Green Transition of Small and Medium Enterprises action package.

The program concerns investment projects aimed at the use and development of modern technologies and the modernization of manufactured products / services, with an emphasis on environmentally oriented actions, and consists of two actions:

1. “Green Productive SME Investments” for business plans with a budget of 30,000 euros to 200,000 euros. The total public expenditure is 400,000,000 euros and is distributed as follows:

• Less developed regions (North Aegean, East Macedonia – Thrace, Central Macedonia, Epirus, Thessaly, Western Greece, Crete, Western Macedonia, Ionian Islands, Central Greece, Peloponnese), 312,000,000 euros.

• Regions with economies in transition (Attica and the South Aegean), €88,000,000.

2. “Green Transformation of SMEs” for business plans with a budget of 200,000 euros to 1,000,000 euros. The total public expenditure for this invitation is EUR 300,000,000 and is distributed as follows:

• Less developed regions (North Aegean, East Macedonia – Thrace, Central Macedonia, Epirus, Thessaly, Western Greece, Crete, Western Macedonia, Ionian Islands, Central Greece, Peloponnese), 234,000,000 euros.

• Regions with economies in transition (Attica and South Aegean), €66,000,000.

The action is carried out within the framework of the new program “Competitiveness” of the National Financial Markets Service for 2021-2027. Evaluation of funding applications will be immediate (FiFo) and the subsidy rate is up to 50% of the funding application budget.

After 24 months

The eligibility start date is defined as the date of electronic submission of the funding application, and the maximum duration of the completion of the physical and financial object of the investment project cannot exceed 24 months from the date of issuance of the decision on inclusion. .

Author: newsroom

Source: Kathimerini

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