With the new Development Law (L. 4887/2022), economic growth and an increase in competitiveness are sought, by granting incentives for technological upgrading, the production of complex products, securing our country in a better position in the DKE (International Division of Labour). Also, an important goal is the formation of the extroverted national identity.
Eligible for support are companies that wish to be supported in one of the 13 categories, are established or have a branch in Greece, without the size limitation. For the "New business" category, the beneficiaries are the small and medium-sized businesses under establishment. The investment projects will be able to receive support of a regional nature, such as:
- Expenditures for building facilities and purchases of fixed assets
- Costs for ISO Systems & technology transfer
- Salary costs to cover new jobs
or of a non-regional character: they are defined on a case-by-case basis in Appendix B of the new Development Law.
The minimum subsidized budget is set at €50,000 and sets an upper limit of €1,000,000 for large companies. The subsidy rate depends on the size of the business and the region of installation of the investment. In no case can it exceed the rate of 75%.