Recovery and Resilience Facility Loans - RRF

Existence of digital transformation investment budget, which contributes to the digital targeting (digital tagging) of ESAA and amounts to at least 10% of the total budget of the investment plan.

Existence of a green transition investment budget, which contributes to the green tagging of the ESAA and amounts to at least 20% of the total budget of the investment plan.

The eligibility of investment projects is determined by the existence of either:

a. An average of an investor’s existing export activity is at least 15% of its turnover. The financial data of the investor for three years are examined or alternatively the share of the turnover which is realized with foreign credit cards or remittances.

b. Minimum export budget of the investment plan at least 15% of the projected total revenue of the investment plan (viability study).

Independently, the investment plans of tourist accommodation, investments of complex tourist accommodation as well as complexes of tourist houses that include at least 5 independent tourist houses are eligible.

Existing of existing or new cooperations, or creation of a new scheme resulting from Merger and Acquisitions.

The eligibility of investment projects is determined as follows:

Collaborations (existing)

• The investment plan includes the investor’s commitment that he will continue to participate in an existing partnership between unrelated companies, for at least the next five years.

• The average total turnover of the legal entities participating in the cooperation during the previous three (3) years, is at least 50% higher than the turnover of the legal entity with the highest average turnover among the legal entities participating in the cooperation during the same period.

• At least 20% of the eligible costs of the investment plan relate to the investment costs incurred in accordance with the cooperation agreement.

Collaborations (new)

• The investment plan includes the investor’s commitment to participate in a new partnership between unrelated companies, at least for the next five years.

• The average total turnover of the legal entities participating in the cooperation during the previous three (3) years, is at least 50% higher than the turnover of the legal entity with the highest average turnover among the legal entities participating in the cooperation during same period.

• At least 20% of the eligible costs of the investment plan relate to the investment costs incurred in accordance with the cooperation agreement.

Μerger  and Acquisitions 

• The investment plan includes a new scheme, which results from an acquisition or merger which was completed after the publication of the ministerial decision.

• The average total turnover of legal entities, at group level. participating in the merger or acquisition during the previous three (3) years is greater by at least 50% of the turnover of the legal entity, at group level, with the highest average turnover among the legal entities, at group level, participating in the acquisition or merger over the same period.

Coverage of eligibility of at least one innovation-research and development indicator and at the same time existence of a minimum innovation-research-development investment budget that amounts to at least 10% of the total budget of the project. The indicators are:

Innovation Indicators:

• Funding for PhD researchers in Science, Technology, Engineering and Mathematics (STEM) by the project

• Percentage of new STEM jobs in relation to the total number of new jobs created by the project

• Small and medium enterprise investment plan that creates a new product (not a new brand)

• Small and medium enterprise investment plan that creates a new service (not a new brand)

• The investment plan envisages trademark costs in a MADRID system country, if it creates a new product or service

• The investment plan provides for design certification costs in a HAGUE country

• Percentage of sales abroad of products from the investment plan in the categories KAD 21, 26, 27, 28, 29 and 30

• Percentage of sales of services abroad from the investment plan in the categories KAD 58.2, 62, 63, 71.2 and 72

Research and Development Indicators:

• The subject of the research should be related to the thematic sections of Horizon Europe.

• The subject of the research should be related to the thematic sections of the Greek intelligent specialization strategy (RIS3).

• The investment plan envisages the conduct of systematic industrial research and / or experimental development.

• The investment plan envisages the conduct of research by an experienced research team with many years of experience in the subject of the investment plan.

• The object of the research aims at the creation of new products / services or the significant improvement of existing products / services.

• The object of the research aims at the creation of new or the significant improvement of the existing methods of production, distribution and application of the products / services.

• The investor and / or principal investigators of the research team have participated in research projects co-financed by the Greek State or the European Commission or another OECD country during the five years prior to the loan application.

• The investor has received certificates of scientific and technological research expenses from GGEK (formerly GSRT), during the five years before the loan application, which includes the expenses of the main researchers of the research team.

• The investment plan envisages patent costs in a PCT country.