Strengthening the establishment / modernization of SME companies in the Peloponnese Region with emphasis on innovation and the development of new products and services

Beneficiaries of the Action:

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Enterprises: Very Small, Small and Medium Enterprises: each unit, with one of the legal forms described below, that carries out economic activity and the Activity Code Numbers (CODs) are included in the ones defined in Annex VII of this invitation.

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Investment Plans & Support

1. Investment plans from 20,000  up to € 300,000 for businesses supported through

Regulation De Minimis EE1407 / 2013 with aid up to 65% .

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2. Investment plans from 20,000 euros to 1,000,000 euros for companies that are supported through the General Exemption

EU Regulation 651/2014 with 45% aid for medium- sized enterprises and 55% for small and micro -enterprises

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Basic Conditions for Participation

   Businesses should:  ​​​

• To be active or to be active in the Peloponnese Region.

• To have the declared investment fund (s) before the submission of the investment proposal for the existing and the new enterprises and at the latest before the first disbursement for the start-up enterprises.

• To be or to be committed to operating (under recommendation) as a Small, Small or Medium Enterprise as defined in Commission Recommendation 2003/361 / EC of 6 May 2003 and in Annex I to Regulation (EU) No 182/2011. Commission Regulation (EC) No 651/2014 of 17 June 2014 on the definition of micro, small and medium-sized enterprises (Annex IV).

• To make the relevant expenses exclusively in the Peloponnese Region.

• To operate or to commit that they will operate after their establishment legally having the appropriate,

• To operate or operate exclusively in one of the following forms: corporate / commercial enterprises (Societe Anonyme, Limited Liability Company, Limited Liability Company or Limited Liability Company, IKE, Cooperative, CoinSep of Law 4430/2016 as applicable) and individual companies.

• To keep or to commit that they will keep after their establishment aplographic or diplographic books of KFAS.

• To commit that they will develop their activity in an independent professional space, ie in a space that in any case is a separate property, has its own utilities and is not used in any way by a third party (co-housing), or as a residence (main or secondary ), in any case before the first inspection request.

• Do not be in bankruptcy, liquidation or forced management.

• Do not constitute firms in difficulty in accordance with the provisions of ANNEX V "Definition of Problem Firms" of this call.

• No recovery of aid is pending against them following a previous Commission decision declaring aid aid illegal and incompatible with the internal market.

• Submit in their investment plans expenditures that have not been financed and have not been included in another program financed by national or Community funds 

• To belong to categories A (existing companies) and B (new companies or start-ups).

• To have or commit with a responsible statement that until the completion of the action / investment they will take care of the appropriate infrastructure and services in order to minimize obstacles and facilitate access to them, where necessary and necessary, people with disabilities.

• Do not start work on the project or activity prior to the publication of this call.

• To submit a business plan, as well as all the necessary data, supporting documents and forms, as defined by this announcement

• To commit that their investment plans have not been submitted for inclusion and if approved for financing they will not be submitted to another program funded by national or Community resources.

• to submit a single application for funding per VAT in this action throughout the validity of this call.

• For the companies to be incorporated, the same shareholder cannot participate in more than one  investment plan.

• To  have not received rescue or restructuring aid, or if the firm has received rescue aid must have repaid the loan and terminated the guarantee contract, or if the firm has received restructuring aid, the restructuring must have been completed.

• The total amount of de minimis aid previously received by the undertaking (single undertaking), including aid under this Action, shall not exceed EUR 200,000 (or EUR 100,000 for the road haulage sector on behalf of third parties). ) within three years (current financial year both  previous financial years) before the time of granting (issuance of a decision to incorporate an Act) of the legal right of aid.

• The investment is maintained in the area where the aid is granted for at least three  years after the completion of the investment. This does not preclude the replacement of an outdated unit or equipment which became obsolete or damaged during this period, provided that economic activity is maintained in the area for the above minimum required period and upon approval of the request by the competent body monitoring the transaction.

• The investment project to be supported must not have been completed before the date of submission of the application for funding by potential beneficiaries under this call. Otherwise the whole investment plan becomes ineligible for financing.

• The companies participating in the action must comply with the legislation on occupational health and safety and the prevention of occupational risk.

• Not to have been fined that have acquired final & binding force, for violations of labor law and in particular: - Violation of "high" or "very high" seriousness (3 fines / 3 controls), - Undeclared work (2 fines / 2 controls) , for the reasons of art. 39, par. 1, of Law 4488/2017.

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Subsidized Expenses

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• Expenditures for investments in assets o creation of a new business establishment o expansion of the production capacity of an existing business establishment o diversification of the activity of an existing business establishment o certification of systems, design, standardization o acquisition of know-how rights for more efficient production of products and services

• Consultant agency

• Innovation aid

• Staff costs (salary costs of new staff).

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Expenditures incurred from the date of application for funding are eligible.

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