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Financial tools for the implementation of investment plans
Development Law - NSRF 2021-2027 - National Recovery and Resilience Plan
PK CONSULTING GROUP
Development Law
Subsidy/ Tax Exemption / Leasing subsidy
The new Development Law emphasizes on the strengthening of small and medium-sized enterprises, the creation of innovative, extroverted and sustainable enterprises and the subsidizing of very small and small enterprises.
13 new state aid schemes are introduced for investment projects.
The investment plans that are subject to the Development Law should have the character of an initial investment and aim at the creation of a new unit, or the expansion of the capacity of an existing unit, or the diversification of the production of a unit into products or services that have never been produced in it, or finally to the fundamental change of the whole production process of an existing unit.
Depending on the type of investment, the size of the company, the status and the investment area, the subsidy can range from 30% to 75% of the budget of each project, with a maximum subsidy amount of either € 10 million per submitted investment plan, or € 20 million in total if there are collaborating companies, or € 30 million in total for a company group together with the collaborating or affiliated companies.
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PK CONSULTING GROUP
NSRF - Subsidies for Small and Medium Enterprises
The Programmes for the 2021-2027 programming period include:
Sectoral Programs
- OP Human Resources and Social Cohesion
- OP Transport Infrastructure
- OP Competitiveness
- OP Environment and Climate Change
- OP Civil Protection
- OP Digital Transformation
- Program Fair Development Transition
- Program Fisheries, Aquaculture and the Sea
Regional Programs
- OP Attica
- OP Thessalia
- OP Central Macedonia
- OP Epirus
- OP North Aegean
- OP Ionian Islands
- OP Peloponnese
- OP Crete
- OP Western Macedonia
- OP South Aegean
- OP Eastern Macedonia and Thrace
- OP Central Greece
- OP Western Greece
Territorial Cooperation Programs
- (Interreg VI-A) Greece-Bulgaria
- (Interreg VI-A) Greece-Italy
- (Interreg VI-A) Greece-Cyprus
- (Interreg VI-A) IPA ΙΙΙ CBC Greece-Albania
- (Interreg VI-A) IPA ΙΙΙ CBC Greece Republic of North Macedonia
- (Interreg VI-B) Euro Mediterranean 2021-2027 (EURO MED)
- (Interreg VI-B) Adriatic-Ionian
- (Interreg VI-B) Interreg NEXT MED
- (Interreg VI-B) Interreg NEXT Black Sea Basin
- (Interreg VI-C) Interreg Europe
- (Interreg VI-C) Interact
- Urbact IV
- ESPON 2030 Cooperation Programme
PK CONSULTING GROUP
The National Recovery and Resilience Plan “Greece 2.0”
The National Recovery and Resilience Plan “Greece 2.0”was approved by ECOFIN on 13 July 2021. “Greece 2.0” includes 106 investments and 68 reforms, divided in 4 pillars amounting to 31.16 billion euros, of which 30,5 billion are European funds (18.43 billion euros in subsidies and 12.73 billion euros in loans). Its aim is to mobilise a total of 60 billion euros in investments in the country over the next five years.
The pillars on which the Recovery plan will be based on are the following:
Pillar 1: Green Transition
Pillar 2: Digital Transformation
Pillar 3: Employment, skills and social cohesion
Pillar 4: Private Investments, Transformation of the economy
A) Business Investment Plan Loans
The Recovery and Durability Fund Loans will cover a maximum of fifty percent (50%) of the total eligible investment costs of the financed investments, while the private participation of the companies will cover, at a minimum, a percentage of twenty percent (20%) of the total eligible investment costs. At least thirty percent (30%) of the total eligible investment costs will be covered by a loan from the credit institutions.
B) Grants
The grants of the Recovery and Sustainability Fund (TAA) are aimed at financing sectoral private investments (Tourism, Agricultural investments, etc.) and are expected to start in 2022.