Pre-publication of Action: support for the establishment and operation of new Small and Medium Sized Tourism Enterprises (Expired)

Strengthening Tourism Entrepreneurship through New Micro, Small and Medium Enterprises

Strengthening tourism entrepreneurship through the creation of new micro, small and medium-sized enterprises in selected tourism CDOs.

Investment budget and subsidy rate

The subsidised budget of each investment project ranges from €80 000 to €400 000.

The grant will amount to 45 % of the costs submitted.

The aid rate may be increased by (a) 10% if the investment takes place in a remote or fire-affected or flood-prone area or small islands and (b) an additional 5% if the employment target of at least 0.2 FTE is met in the first year after completion of the investment.

Duration of implementation of the investment project

The duration of the implementation of the physical and economic scope of the investment project is strictly limited to 24 months, without any possibility of extension.

To whom it is addressed

Start-up and newly established medium-sized, small and micro enterprises which are expected to operate in the tourism sector, as defined in Commission Recommendation 2003/361/EC.

Newly established enterprises are defined as enterprises for which 12 months of continuous operation have not elapsed between the date of the start of the enterprise and the date of the call for proposals for the measure.

Eligible Activity Code Numbers (ACNs) will be defined in the detailed Call for Proposals for the Action.

Application period

until 27/3/2024

Applications for funding will only be submitted electronically without the submission of a physical file of supporting documents via the Integrated State Aid Management Information System (ISMS). The deadline and method of submission, the required supporting documents, the obligations of the beneficiaries and the other conditions of implementation will be described in the detailed Call for Proposals of the action.

For the evaluation of the action the Benchmarking will be applied.

The minimum acceptable overall score for the approval of an investment project is set at 60.

Type of aidGrant/subsidy

Area of application All Greece

Terms and conditionsPotentially benefiting enterprises should:Make an investment exclusively in one Region of Greece.

What is financed

• Buildings, facilities and surroundings
• Machinery - Equipment
• Digital equipment and software
• Other equipment
• Start-up aid (SME start-up)
• Promotion and outreach costs
• Technical studies
• Consultancy services
• Means of transport
• Indirect costs (up to 7% of the eligible direct costs of the investment project)

The eligible categories of expenditure and the maximum ceiling of eligible expenditure will be defined in the detailed Call for Proposals for the action.

The starting date for the eligibility of expenditure will be the date of the call for proposals for the action.

Budget of the Action € 160.000.000 The Action is co-financed by the European Regional Development Fund (ERDF) and the Greek State.