Business Grants

What are the NSRFs? The European Social Fund (ESF) is one of the potential sources of funding for socially oriented business initiatives and projects in the European Union. Within the framework of the ESF, there are programmes and actions aimed at supporting employment, training, social inclusion, and human resources development. The European Regional Development Support Programmes (ESRP) constitute a main means of financing and support for entrepreneurship in Greece and other European countries. These programs are funded by the European Union and aim to promote economic growth, employment and improve the quality of life in regions and sectors that need support. In the field of entrepreneurship, the NSRFs offer various forms of support: Forms of NSRF support Business Plan Financing The NSRFs provide funding for the establishment of new businesses or the expansion of existing ones with the aim of creating or maintaining jobs. These programs provide subsidies, grants or subsidized loans to businesses. Education and Training The NSRFs promote the education and training of entrepreneurs and employees in businesses, enhancing skills and professional development. Research and Innovation The NSRF programs finance business investments in research, development and innovation with the aim of improving the competitiveness of businesses. International Business Activities The NSRFs often support entrepreneurs who wish to expand their business activities internationally through extroversion and export programs. Development and Maintenance of Business Parks The NSRFs contribute to the development and maintenance of business parks and innovation spaces. Typically, funding from the NSRF requires the submission of project proposals and participation in competitions for the selection of beneficiaries. NSRF 2023 Programs Two new initiatives are expected to be announced soon within the framework of the “Competitiveness 2021-2027” program, which is part of the NSRF 2021-2027. These initiatives aim to support small and medium-sized enterprises (SMEs) in Greece, with a total budget of 350 million euros. The actions focus on promoting the establishment and operation of new SMEs and tourism businesses, with the aim of strengthening sustainable development and competitiveness, as well as creating opportunities Integrated Support for NSRFs from Business Best In today’s business world, access to finance can be the key to the success of a new business idea or the growth of an existing business. This is where Business Best stands out, offering comprehensive support for the European Regional Development Support Programmes (ESRP), becoming your reliable partner on this business journey. Submitting an NSRF Application: The Road to Funding The NSRF application process can seem complicated and full of bureaucratic hurdles, but we are here to make it simpler and more efficient for you. We take care of the entire NSRF application process, analyzing and completing each required document with care and accuracy. Our ongoing support means that you will not be left alone at any stage of the process. Empowerment and Strategy with Business Coaching Before we even proceed to submit the NSRF application, we understand the need for the entrepreneur to formulate a strong business strategy. Through  Business Coaching , we help you identify the goals and direction you want for your business. We equip you with the tools you need to develop a successful business strategy. Creating a Business Plan: The Key to Success A carefully designed business plan is essential to prove the value of your business idea to funding agencies. Business Best leaves nothing to chance. With our experience and expertise in creating business plans, we help you create a coherent and convincing business plan that will provide you with sources of funding. Why choose Business Best for NSRF? Business Best stands out from the competition within the field of entrepreneurship support due to the following competitive advantages: Specialization and Experience Business Best has a specialized team of professionals with many years of experience in the field of finance and entrepreneurship. The awareness of the challenges and needs of entrepreneurs allows the company to offer specialized support and advice. Comprehensive Support Business Best offers a comprehensive approach, covering every stage of the financing and business development process. It undertakes the submission of NSRF files, personal empowerment through business coaching, and the creation of necessary tools such as the business plan. Customized Solutions Every business is unique, and Business Best understands this. It offers personalized solutions that adapt to the needs and goals of each entrepreneur. Ongoing Support Business Best does not abandon its clients once the funding process is complete. It continues to provide support after submission, helping them effectively manage resources and execute their business plans. Collaboration with Trusted Organizations Business Best collaborates with reliable institutions and partners in the field of financing and entrepreneurship, ensuring the reliability and success of the programs it offers. These competitive advantages make Business Best the ideal partner for any entrepreneur seeking support and professional guidance in the world of entrepreneurship and finance.

New NSRF program for the establishment and support of tourism businesses The pre-publication for the support of the establishment and operation of new small and medium-sized tourism enterprises was made on October 11, 2023. Through this action, the Ministry of National Economy and Finance focuses on increasing the competitiveness of the Greek tourism industry with key pillars: The Investment Plan described by the Action Investment Plan Budget The minimum limit of subsidized investment project budgets is €80,000 and the maximum limit is €400,000. Investment Plan Support Rates Overall, the aid rate can reach up to 55% for investments carried out in remote areas or that create jobs. Duration of Investment Plans 24 months Which Investment Plan expenses are covered by the grant? The expenses covered are: Basic Participation Requirements The financing action concerns  start-ups and newly established medium, small and very small enterprises  that are expected to operate in the tourism sector. Location:  Investment exclusively in one region of the country. Projects with a location in the Regional Unit of Mykonos and the Regional Unit of Thira, in the Municipality of Thira, except for the Municipal Community of Thirasia, are excluded  . Eligible KADs:  The eligible KADs will be announced in the Detailed Invitation.  Location:  The company must provide accurate information and location data of the location of the investment.  Building permit:  The company must have an approved building permit or at least a filed application for its issuance in cases of construction and completion of buildings.  Land use certificate and use rights  Private Participation:  Private Participation is the percentage of the investment that will be financed from the company’s own resources. The percentage of Private Participation will be defined in the Detailed Invitation.  Reg. EU 1407/2013:  Meet the conditions for the application of EU Regulation 1407/2013 (De Minimis) on which the Action is based. Specifically for investments in tourist accommodations, the action distinguishes two categories:  Main Hotel Accommodations and Non-Main Hotel Accommodations. The basic requirements for Main Hotel Accommodations are: The basic requirements for Non-Main Hotel Accommodations are: Submission and evaluation of funding applications to the NSRF. What entrepreneurs who want to take part in the action and submit their application should know is that the participation requirements and comparative evaluation will be checked. Benchmarking is the process by which applications are evaluated against each other. Each application is scored based on certain criteria and the applications with the highest scores are selected for funding. For this investment plan, it must meet specific conditions: To have a better chance of getting your plan approved, you need a specialized partner who will help you create a viable and profitable business plan. The NSRF 2023 programs have been announced

Subsidy for new businesses from DYPA (formerly OAED) for 2023 The Public Employment Service (DYPA) announced a new subsidy program for the creation of new businesses by formerly unemployed people aged 30-55. The program, entitled “New Entrepreneurship Program for 1,900 beneficiaries aged 30-55, with an emphasis on the digital economy”, offers subsidies of 14,800 euros to unemployed people who have set up businesses from 1/1/2022 until the date of the announcement of the action. The objectives of the subsidy The main goal is to promote the employment of the unemployed through their support for the creation of 1,900 new businesses. But also the digital transformation of the Greek economy. Program Details The new DYPA program is an excellent funding opportunity for new businesses. The grant of 14,800 euros can help beneficiaries cover the initial costs of the business and increase their profits. To increase the chances of your application to DYPA being successful, work with our expert   Business  Development consultants .  Our team has many years of experience in  developing business plans  and can help you create a comprehensive and well-documented proposal. Read more information about the action on the  DYPA website  and  contact us directly. The deadline for submitting applications is Friday, December 1, 2023 at 3:00 PM. Read more The new DYPA subsidy programs for 2024

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

Strengthening the Establishment and Operation of New Small and Medium-sized Tourism Enterprises On December 18, 2023, the Ministry of National Economy and Finance announced the announcement of the NSRF program for “Supporting the Establishment and Operation of New Small and Medium-sized Tourism Enterprises”. This action provides grants of up to 60% for the creation of new tourism enterprises in selected activity codes. The Action concerns the strengthening of tourism entrepreneurship by creating new small and medium-sized enterprises in the tourism sector, offering quality services and contributing to the increase in employment. Specifically, the elements of the action are: Electronic Submission Start Date Monday 18.12.2023, 15:00 Electronic Submission Deadline Thursday 29.02.2024, 15:00 Action Budget €160,000,000 Grant Percentage 45% of the subsidized budget, increased by 10% in special areas and an additional 5% for employment targets. Beneficiaries Very Small, Small and Medium Enterprises in the Tourism sector. Category A: Under establishment, operating in eligible KAD. Category B: Newly established, operating in eligible KAD. Beneficiary Requirements Categories of the “Accommodation” investment tax credit (CRC 55) of Tourism: Lady Hotel Accommodations: Classification in category 4**** and above Capacity Twelve (12) beds and above Non-Madam Hotel Accommodations: Self-catering accommodation – furnished tourist homes Minimum Number of homes: Three (3) Furnished rooms for rent – apartments: Classification in category 4 keys and above Minimum capacity Twelve (12) beds Beneficiary Participation Requirements Provide evidence of securing Private Participation of the proposed investment project at a rate of at least 60%. While the overall conditions for participation are presented in detail in the Call for Action Eligible Expenses: Additionally: Investment Completion Deadline: 24 months from the date of issuance of the Approval Decision Why choose Business Best to submit your application? Business Best specializes in supporting businesses in submitting applications for NSRF programs. It has specialized partners and an extensive network with experience and knowledge in the processes of the Competitiveness 2021-2027 programs. Business Best services include: Contact us to submit your investment plan or call us at 6944353 461 & 211 1983 098

The categorization of small and medium-sized enterprises for the NSRF Programs Small and medium-sized enterprises are the driving force of Greek business, the backbone of the Greek economy, as is often mentioned and written. They constitute the majority of businesses in Greece, providing the most jobs. The categorization of small and medium-sized enterprises into very small enterprises, small enterprises and medium-sized enterprises depending on jobs and turnover is intended to help businesses benefit from the NSRF programs and other government subsidies and to be utilized by those businesses that need it. Note that the categorization depends exclusively on the economic activity (employees, turnover) and not on the legal form of the business. Business Types: Very small, small and medium-sized business Very small business A very small enterprise is an enterprise that meets the following criteria: The small business A small business is a business that meets the following criteria: The medium-sized enterprise A medium-sized enterprise is an enterprise that meets the following criteria: The Employees’ Criterion To calculate a company’s employees, the following categories are included: The Annual Turnover criterion The Annual Turnover is determined in the following way: The Annual Balance Sheet criterion The annual balance sheet total refers to the value of the company’s main assets. Examples of a company’s main assets include The criteria for defining a small and medium-sized enterprise The criteria (of employees, turnover and balance sheet) must be met for 2 consecutive years in order for a company to be classified as an SME. Furthermore, it is important to know which of the 3 categories a business falls into. Business Categories In order to accurately define the financial data of a business, there are 3 categories of businesses: independent businesses, cooperating businesses and associated businesses. Specifically: Submitting a File for the NSRF Programs with Business Best Contact us directly to help you apply for the NSRF programs and secure the subsidy you are entitled to! Specifically: Why collaborate with Business Best for NSRF programs Contact us today to learn more! Fill out the  form below  or call us at 694 4353 461 – 211 1983 098 to schedule a meeting. View the current NSRF programs New Business Subsidy through NSRF 2023 Establishment of New Tourism Businesses with NSRF 2023 Funding

Are you planning to start a new business? Discover the support programs for new businesses with grants of up to 14,800 euros! Are you a young unemployed person aged 18-29? Join our professional experience and employment programs to start your career! Do you belong to a vulnerable social group? Secure support through integration and reintegration programs to create new opportunities. The Public Employment Service (DYPA),  in order to address a series of challenges in the labor market, such as unemployment, underemployment and inequality, has announced a series of programs that will begin in 2024, which aim to Programs aimed at businesses for the recruitment of unemployed people aged 30 and over Employment subsidy program for 34,000 unemployed people aged 30 and over, with an emphasis on women and people over 50, with a budget of 282 million euros. A program to acquire professional experience for 30,000 unemployed people aged 30 and over, with a budget of 300 million euros. It is aimed at entrepreneurs across the country for the recruitment of unemployed people over 30 years of age. The action is implemented in two stages: Program for the integration and reintegration into the labor market of 4,000 unemployed people aged 30 and over, who belong to vulnerable or vulnerable social groups, with a budget of 50 million Euros. Program aimed at unemployed people aged 30 – 54 years for the creation of new businesses Entrepreneurship support program for 6,000 beneficiaries, aged 30-54, with an emphasis on women, with a budget of 95.5 million Euros. Contact us Your collaboration with Business Best can help you ensure effective and efficient recruitment of personnel through the DYPA, thus enhancing your potential for the growth and success of your business.  Together we plan your path to success Program aimed at businesses established through the New Freelancers-NEE program. Pilot financing program for 3,000 new businesses to ensure their resilience and sustainability, budget 22.5 million Euros. Programs aimed at young unemployed people aged 18-29 Professional experience acquisition program for 25,000 young unemployed people aged 18-29, budget 200 million Euros. Employment program for the integration into the labor market of 6,000 unemployed people aged 18-29, budget 56 million euros. Youth entrepreneurship support program for 3,000 unemployed people aged 18-29, budget 44 million euros. Contact us Your collaboration with Business Best can help you ensure your effective and successful application to DYPA, thus enhancing your capabilities to start your own business.  Together we plan your path to success. Program for the integration and reintegration into the labor market of 500 unemployed people aged 18-29, who belong to vulnerable or vulnerable social groups, with a budget of 44 million euros. Increase your chances of success – contact us today! Contact us Read more: Business Coaching The Role of Business Coaching, Business Planning and Business Consulting in Starting a New Business

The long-awaited DYPA progra Entrepreneurship Program that supports Young Entrepreneurs in the Digital Economy The entrepreneurship program is expected to be launched in the first quarter of 2024 and is expected to generate strong interest in Greece. With an emphasis on the development of the digital economy, this initiative aims to support new businesses and create jobs. With a total of thousands of beneficiaries, the program offers a significant opportunity for growth and success. It is every person’s dream to create their own business and excel in the world of entrepreneurship. However, the road to success can be complicated and full of challenges. This is where Business Best can help. With years of experience and expertise in the field of business support and development, Business Best can guide and support you every step of your journey to success. Contact us The action aims to promote self-employment and the creation of new businesses for 6,000 unemployed people aged 30 -54. Emphasis will be placed on promoting entrepreneurship among unemployed women. The evaluation of funding applications from potential beneficiaries will be comparative. The grant for the creation of the business will be 14,800, while an increase in the amount is being considered. The duration of the action will be 12 months and the announcement of positions will be made gradually depending on the number of applications. Who Are the Beneficiaries? The DYPA program is aimed at young professionals and entrepreneurs aged 30 to 55, who have created their businesses (within 12 months). These entrepreneurs must be citizens of Greece, the European Union, expatriates with the right to reside and work in the country or third-country citizens with a residence permit valid during the program. What Are the Grants? The grants provide for an amount of  14,800  euros for each business, which is paid in three installments. The first installment, of 4,000 euros, is issued after the approval of the funding application. The next two installments, of 5,400 euros each, are paid after the end of the first and second semester respectively from the start of the business or the date of establishment of the terms and conditions of eligibility. Where is the Program Valid? The businesses created must operate within the eligible Administrative Regions, including the Less Developed Regions and Transition Regions. This program highlights a significant opportunity for the development of business activity, encouraging innovation and growth in sectors of the digital economy. With the support of this program, the new entrepreneurial generation can create a dynamic innovative business environment that will contribute to the economic development of the country. We are here to support and inspire you on this journey. Thank you for sharing your time with us and we wish you every success in your future endeavors. Never forget that believing in yourself and being dedicated to your goals can lead to incredible successes.  Let’s chart your path to success together . Contact us

In today’s business community, access to capital is key to small business success. However, for many entrepreneurs, accessing traditional loans can be a challenge. This is where microloans come in as a valuable alternative. In this article, we will examine the importance of business microloans and how they can positively impact the growth and success of a business. What are Business Microloans? Business microloans are small loans provided to small businesses or individual entrepreneurs to help finance their business plans. Typically, the amounts of these loans are small, and the approval process is often faster and more flexible compared to traditional loans. How Do Microloans for Businesses Work? Entrepreneurs who have difficulty accessing traditional capital can turn to organizations that offer microloans. These loans can be used for a variety of purposes, including purchasing equipment, increasing working capital, or even financing advertising and marketing campaigns. Advantages of Business Microloans: Ease of Access: Entrepreneurs can access funds even with limited credit history or insufficient collateral. Fast Approval: Approval processes are usually quick, allowing businesses to get the money they need quickly. Flexible Terms: The terms of microloans can be adapted to the needs of each business, making microloans a flexible option. Tips for Utilizing Business Microloans: The Business Best service Business Best can help in many ways regarding the provision of business microloans and supporting businesses. Some ways that Business Best can help include: In these ways, Business Best can be a valuable advisor and partner for businesses seeking financing and support for their growth. Together we design your path to success. Contact us