Greece unlocks 6.25 bln euros for private investment projects
Investment funding totalling 6.25 billion euros is currently available, or will become available by the end of July, to support investment projects in Greece, with the largest share targeted at small and medium-sized enterprises (SMEs).
The funding is provided through a range of grant and financing programmes, including schemes under the country’s Development Law, the 2021-2027 NSRF programme, financing instruments offered by the Hellenic Development Bank (HDB), as well as funds managed by the Hellenic Development Bank of Investments (HDBI) and EquiFund II.
Support is provided in the form of grants under NSRF programmes, concessional loans through HDB financing instruments, equity financing through HDBI funds, and tax exemptions, grants, leasing subsidies and employment subsidies under the Development Law.
By the end of July, investment financing will be available through six schemes under Development Law 4887/2022, seven HDB financing instruments, three actions under the “Competitiveness 2021-2027” operational programme, 42 HDBI-managed funds and six EquiFund II funds.
Development Law
By the end of July, when the Ministry of Development plans to launch three additional schemes, the Development Law will offer total incentives worth 770 million euros.
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