Recovery Fund: Finances 50% of the investment of Greek Startups

The One Stop Liaison Office and the independent Directorate of Innovation and Entrepreneurship Support of the Region of Central Macedonia informed about the possibility for Greek businesses, regardless of size, legal form and year of establishment, to be financed from loan resources of the Recovery and Resilience Facility (RRF), up to 50% of their investment and at an interest rate of 0.35%.

The possibility of financing loans to businesses concerns investment projects of Innovation, Research and Development, while the new program is implemented in the framework of the National Recovery and Resilience Plan, Greece 2.0, with the funding of the European Union – NextGenerationEU.
The loan arm of “Greece 2.0”, amounting to 12.7 billion euros will lead to a significant strengthening of private investment for the coming years, allowing resilience to international adverse conditions and maintaining a high growth rate. The investments of “Greece 2.0” are focused on the green and digital transitions, given that 37% of their expenditure will be related to the climate and 20% to the promotion of the digital transition of private enterprises.

The aid concerns investment projects that are already included or have not been included in various aid schemes (Development Law, other than Development Law or a combination of them), but also investment projects that are expected or not expected to be included in any expected aid scheme. A minimum investment budget for innovation – research and development as a percentage of the total budget of the investment plan is at least 10% of the total budget.

The electronic submission of investment plans began on May 10, 2022 and is implemented through the platform.