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  • Ministry of Growth presents new regional development subsidy plans

    The Minister of Growth Kostis Hatzidakis is scheduled to present the new roadmap of regional development subsidies in Greece along with…

    The Minister of Growth Kostis Hatzidakis is scheduled to present the new road-map of regional development subsidies in Greece along with updated information on the NSRF program.

    The Greek plans for the 2014-2020 period were approved by the European Commission and provide a 45% aid rate for businesses, depending on size, sector and location. These subsidies will be channeled via the new NSRF or other investment funds.

    The new plans cover all of Greece, however the government has opted to provide greater support for underprivileged areas and social groups in Greece, while reserving the right to make amendments in June 2016.

    Overall though the provided aid for the 2014-2020 period is between 5% and 15% less than in the 2007-2013 period, depending on region. The areas to benefit most will be Eastern and Central Macedonia, Thrace, Thessaly, Epirus, Western Greece, Peloponnesus and the islands in the North Aegean.

    The new plans detail the degree of aid that can be provided to regional development projects by big business and will range between 10% and 25% of final costs. For medium and small-sized businesses the subsidy may be up to 45%.

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