The action aims to foster sustainable growth and competitiveness of SMEs, and the creation of new jobs in SMEs, through productive investments in the region of Thessaly. 

The main objective of the action is to promote the extroversion of small and very small businesses in the Region of Thessaly by enhancing their participation in trade fairs organized in Greece, the European Union (EU) and third countries. 

This action covers the businesses’ expenses of participation in exhibitions, where participation means promotion, information and networking with other companies operating in the same sector at national or international level, with a view to boosting their turnover.

 

Τhe Action in detail

The program budget is €2,000,000. Each investment plan may reach up to €90,000, for participation in at least 2 trade fairs as exhibitor, the maximum subsidized budget for each participation being €45,000. In the event of investment plans with a budget over € 90,000, the excess amount will be considered as a 100% private participation for the implementation of the plan.  In this case, although the excess cost is not subsidized, the entire investment project, including the excess cost, is subject to assessment and monitoring-control.

In the context of this Action, beneficiaries may be existing Small and Micro Enterprises, as defined in Commission Recommendation 2003/361/EC, which before the date of electronic submission of the funding application:

i. Have at least two (2) complete, closed business years.

ii. Are substantially active (Main Activity Code or Activity Code with the largest revenues) in one (1) eligible Main Activity Code 
iii. Have eligible investment Main Activity Code(s) 
iv. Are already producing/processing the products to be exhibited.
v. Have eligible Main Activity Codes related to products/services they wish to promote through their participation in exhibitions.

 

The programme finances the following expenses:

  • Promotion, Marketing & Networking Expenses (Basic Costs of Installation, Design and Equipment of the Stand, Transportation, Accommodation, Food, Communication Services, etc.)
  • Expenses for the Provision of Services (Project implementation management and monitoring services)
 
 

The Public Subsidy Programme for Small, Micro and Medium Enterprises offers 50% aid, while the remaining 50% is private participation.

Public expenditure is co-financed by the European Regional Development Fund (ERDF) of the European Union and by National Participation.  

 

The funding application (investment proposal) must be submitted electronically by potential Beneficiaries, only through the Integrated State Aid Management Information System (ISAMIS) opske.gr with the heading "Action: Enhancing business extroversion through promotion and networking actions”.

The starting date for electronic submission is Tuesday 02.07.2024 at 13:00

The submission deadline is Monday 16.09.2024 at 14:00.

 
 
The aid under this Action constitutes a grant and will be made available to businesses under Regulation (EU) 651/2014 of the European Commission of 17.6.2014, Articles 18 and 19, (O.JΕΕL 187/1 of 26.6.2014) declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty ("General Exemption Regulation"), as applicable.

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Contact your Business Banking Relationship Manager  today and learn about our financing products and the tools we offer for the implementation of your business growth plans.

IN THE IMPLEMENTATION PHASE OF THE INVESTMENT BY MEANS OF THE PROGRAM

Once the inclusion decision has been signed, it is possible to issue an Advance Payment L/G for up to 40% of the public funding. The L/G is issued in favour of the Intermediate Body (IB) that has undertaken to prepare each program, with an indefinite validity period

  • Bridge Financing
  • Support in finding the appropriate financial tool to cover private participation, depending on the needs of your business.

 

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