In the context of the new "NSRF 2021-2027", 1st Action - Basic Digital Transformation of SMEs aims to strengthen enterprises that have not yet integrated important information and telecommunications technologies (ICT) in their operation and aim to cover primary deficiencies in applications and equipment.

The total budget - public expenditure amounts to €90,000,000, which is distributed by Region as follows:

  • Attica & South Aegean Regions €19,800,000
  • Other region areas €70,200,000.
 

Action in detail

The subsidised budget of the business plans to be submitted can range from €18,000 to €30,000.

The subsidised budget of the funding application may not exceed three times the highest turnover achieved in one of the three (or less, if the company does not have three) management periods preceding the year of submission of the funding application. , with a maximum amount of €30,000.

It is allowed to apply for funding only in one of the actions, "Action 1 - Basic Digital Transformation of SMEs", "2nd Action - Advanced Digital Transformation of SMEs", and "3rd Action - Digital Transformation of Leading SMEs", under penalty of rejection of all applications
 

Beneficiaries of aid from Action 1 are the Very Small, Small, and Medium-sized Enterprises operating in the Greek territory (according to Annex III of the invitation to the action), which, among other things, should:

  • have closed at least one (1) full management year,
  • are active in at least one (1) of the eligible ACN (Activity Code Numbers) (as mentioned in Appendix X of the invitation to the action) of the investment plan for at least one (1) year and
  • have at least three (3) AWU (Annual Work Units) of dependent work during the calendar year preceding the submission of an application
  • submit a single application per VAT number
  • the physical object of the investment has not been completed or has not been fully implemented before the submission of the financing application.

 

Indicative costs eligible for the action are:

  • Equipment Expenses (indicative): Supply of digital office equipment, upgrade of internal data transfer networks, interaction with employees, customers, or suppliers, etc.
  • Software Expenses (indicative): Supply of modern business resource & process management applications (e.g., ERP, WMS, KPIs, EDI, BMPS, etc.), image processing, 3D models and CAD, digital security, customer and supply chain management, production optimization, etc.
  • Expenses for the provision of services related to the digital upgrade (indicative): Advisory support for monitoring the implementation of the investment plan, technical support for the performance of the investment plan, and installation or configuration of applications included in the financing application.
  • Indirect Expenses (This expense category does not require the presentation of documents, it is paid proportionally with each payment, and its proportional amount is finalised during the final certification stage of the investment plan.)

The publication date of the Detailed Call for Action is defined as the start date of expenditure eligibility.

 
The percentage of Public Funding (subsidy) is up to 50% of the budget of the funding request. For applications submitted in the Just Transition regions (Regions of Western Macedonia, North Aegean, South Aegean, Crete, and Municipalities of Megalopolis, Gortynia, Tripoli, and Oichalia), the public grant may amount to 60% of the budget of the Funding application.
The application period has started from Thursday, 23.02.2023, and will be open until the budget is exhausted per Region category.
The maximum duration of completion of a physical and financial object cannot exceed for the 1st Action nine (9) months from the date of issuance of the Incorporation Decision.
 

What we do for you

Contact your Business Banking RM today and learn about our financial products and the tools we offer to implement your development plans, such as:


To cover the private participation:

  • The private participation can be covered by your own funds or bank borrowing.

After your enrollment decision:

  • You can apply to the Bank for a long-term loan to cover part of the private participation for the case foreseen and/or for a short-term loan to finance all or part of the grant by assigning the latter to the bank.

Digital Banking is now simpler than ever

Download the NBG Business Mobile Banking app now.

Manage the daily transactions and banking needs of your business easily and quickly, wherever you are.

View all of your business’s products, make transfers and remittances, pay bills, personalize your home screen according to your needs and manage all approvals, online, from your mobile.


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