New Business Grant 2023
New Business Subsidy Support for the Establishment and Operation of New Small and Medium-sized Enterprises for 2023 from the NSRF In October 2023, the pre-publication was made for the action concerning the strengthening of entrepreneurship through the creation of new very small, small and medium-sized enterprises, in selected regional economic zones of all sectors of the economy, except catering, retail trade and tourism. The budget will be €190,000,000 and will be financed by the European Regional Development Fund (ERDF) and the Greek State. Which Businesses will it affect? Businesses that have not completed 12 months of continuous operation from the date of their start-up until the date of announcement of the action can participate in the action. The KAD will be announced in the announcement, but businesses in the catering, retail and tourism sectors are not included. Of course, for businesses active in tourism, an action has been pre-published, read here: Establishment of new tourism SMEs with NSRF funding Investment Plans The subsidized budget of each investment project ranges from €40,000 to €400,000. Subsidy Rates The grant will amount to 45% of the submitted costs. The aid rate may be increased Duration of Implementation of the Investment Plan 24 months Read here what an Investment Plan means Conditions for Participation in the Grant Expense Financing The eligible categories of expenses, as well as their maximum ceiling, will be defined in the Detailed Call for Proposals for the Action. The starting date of the eligibility of expenses is the date of announcement of the Action. Submission and Evaluation of Funding Applications Funding applications will be submitted only electronically without the submission of a physical file of supporting documents through the Integrated State Aid Management Information System (IPSKE). The deadline and method of submission, the required supporting documents, the obligations of the beneficiaries as well as the other implementation conditions will be described in the Detailed Call for Proposals. The NSRF 2023 programs have been announced New Business Subsidy through NSRF 2023 Establishment of New Tourism Businesses with NSRF 2023 Funding