18 June 2025

Subsidy of up to 65% for productive investments in the Attica Region

Introduction

The action “Support for Productive Investments for Adaptation, Modernization, and Recovery” aims to support businesses in the Attica Region by upgrading and advancing their technological capabilities, with a focus on extroversion, digital and organizational transformation, the circular economy, and sustainable development.

Through investment plans that leverage modern technologies, methods, and infrastructure, the initiative seeks to enhance competitiveness, promote the production of innovative products and services, increase employment, and reduce environmental impact.

The action is implemented within the framework of the ERDF, under Specific Objective 1.3 of the “Attica 2021–2027” Program. The Public Expenditure for the action amounts to 65.000.000€, with the potential for approvals reaching up to 120.250.000€ (equivalent to 185%). It is co-financed by the European Regional Development Fund (ERDF) of the European Union and National Participation.

Eligible Beneficiaries & Participation Requirements

Beneficiaries must be existing very small and small enterprises, whose investment plan is demonstrably linked to at least one Smart Specialization Priority of the Attica Region.

Key Participation Requirements for Potential Beneficiaries

To be considered eligible, a business must meet all the following criteria prior to submitting its application:

  • Must have completed at least two full fiscal years (2023 and 2024).
  • Must demonstrate substantial activity in an eligible NACE code for two consecutive years, as follows:
  • If the eligible NACE code is the Primary Activity Code, substantial activity must be proven for 2023 and 2024.
  • If the eligible NACE code corresponds to the activity with the highest gross revenue, activity must be proven for 2022 and 2023.
  • Must employ at least 2 Annual Work Units (AWUs) during the previous year, as reported in the ERGANI system.
  • The grant-funded budget of the investment plan must not exceed twice the highest turnover recorded in either of the two most recent fiscal years (2022 or 2023). These years must be officially closed, with tax forms submitted to the Independent Authority for Public Revenue (AADE).
  • The maximum eligible budget is 200,000€, and the minimum eligible budget is 30,000€.
  • Only one application per Tax Identification Number (TIN) is permitted.
  • The business must be operating or planning to operate in the Attica Region, and the investment must be exclusively implemented within Attica.
  • Must be classified as a Very Small or Small Enterprise, with one of the following legal forms:
  • Sole Proprietorship, General Partnership, Limited Partnership, Limited Liability Company, Private Company, Société Anonyme, Civil Cooperative with Limited or Unlimited Liability, Profit-making Civil Cooperative, Other private law legal entities with commercial purpose, Social Cooperative Enterprise under Law 4430/2016, Limited Liability Social Cooperative, Shipping companies or Leisure Craft Companies.
  • Must possess a valid operating license or submit a declaration of exemption from licensing.
  • Must maintain single-entry or double-entry bookkeeping and be registered in the Register of Ultimate Beneficial Owners.
  • Must not be bankrupt or under liquidation, must not be subject to recovery of state aid, and the investment must not have started prior to the program’s announcement.
  • Must comply with the De Minimis Regulation, i.e., not exceed 300,000€ in aid over the last three years.

The submission of funding applications is strictly prohibited in the following cases:

  • Co-location of businesses (shared premises) is not permitted under this specific action.
  • Applications will not be accepted from financial and insurance institutions, public utility companies, legal entities under public law, or their subsidiaries where the participation of Local Government Authorities exceeds 25%.
  • Sports clubs, associations, professional sports corporations, and businesses directly or indirectly affiliated with them are strictly excluded.
  • Businesses based in offshore (tax haven) zones are not eligible to participate.

Project Budget, Amount, and Intensity of Support

Grant-Funded Budget

The grant-funded budget for each investment plan ranges from 30.000€ to 200.000€.

Investments with a budget below 30.000€ are not accepted, while any amount exceeding 200.000€ is considered private contribution and is not eligible for funding.

Amount and Intensity of Support

Public funding covers 50% of the grant-funded budget, with the remaining 50% covered by private capital.

The subsidy rate can increase as follows:

  • +10% public subsidy if at least 20% of the eligible budget is allocated to “GREEN” category equipment.
  • +5% public subsidy if the investment is carried out in one of the Municipalities of the Attica Islands Regional Unit, specifically: Agistri, Aegina, Kythera, Poros, Salamina, Spetses, Troizinia-Methana, and Hydra.

Eligible Activity Sectors

Each investment plan must be demonstrably linked to at least one eligible activity code (NACE code) included in the list of Eligible Codes. The action aims to support activities that represent development priorities of the Attica Region, as identified through the Entrepreneurial Discovery Process (EDP) of the Attica Region:

  • Materials, Construction & Industry
  • Tourism, Culture & Creative Industries
  • Agri-food Chain
  • Environment and Circular Economy
  • Biosciences, Health, Pharmaceuticals
  • Transport & Supply Chain
  • Sustainable Energy
  • Digital Technologies

Scoring Criteria

Submitted investment plans are evaluated based on specific scoring criteria focused on the company’s financial health, employment, project sustainability, and strategic alignment with the Attica Region’s priorities. The total score determines eligibility and funding priority.

Criterion 1: Number of Employees (AWUs of Salaried Labor) (15%)

Assesses the number of employees (Annual Work Units – AWUs) the company had in 2024. Data is automatically retrieved from the Ministry of Labor’s ERGANI system.

Criterion 2: Rate of Change in Company Turnover (25%)

Measures the turnover growth between 2022 and 2023. The higher the increase, the higher the score.

Criterion 3: Company Profitability / EBITDA Results (25%)

Evaluates Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for 2022 and 2023 to demonstrate the company’s financial resilience.

Criterion 4: Grant Budget in Relation to Company Turnover (20%)

Assesses the risk level of the investment by comparing the grant budget to the highest turnover achieved in either fiscal year 2022 or 2023.

Criterion 5: Relevance of Investment Plan to Regional Smart Specialization Priorities (15%)

Evaluates how well the investment plan aligns with at least one priority of the Attica Region’s Smart Specialization Strategy.

Main Categories of Eligible Expenses

The eligibility start date for expenses is set as June 4, 2025, the date of the Action’s announcement. Any expense incurred before this date is considered ineligible and will be excluded from the grant-funded budget.

Eligible expenses are listed in the table below:

Period, Submission Method, and Implementation Duration of Investment Projects

The submission of funding applications starts on Monday, June 30, 2025, at 13:00, via the iSAMIS platform.

Applications will be evaluated on a priority basis (FIFO method – First In, First Out), according to the date and time of electronic submission.

The implementation deadline for each approved investment project is 24 months, starting from the date the final approval notification of the funding application is electronically communicated.

The call remains open until the available budget (including overcommitment) is exhausted, and in any case, no later than six (6) months after the start of submissions.

For further details on this specific program, other available funding opportunities, or any support related to the planning and implementation of your investment projects, please do not hesitate to contact us at 2310 552 000 or 210 958 0000, or via email at [email protected].