The New Development Law constitutes the main financial instrument for supporting investment projects within the territory of Greece.
The Development Law provides grants of up to 75% of eligible expenses for the following sectors:
- Manufacturing
- Logistics
- Agri-food
- Information and Communication Technologies (ICT)
- Tourism
Objectives of the Development Law
- Enhancing competitiveness in high value-added sectors
- Shaping a new outward-looking national branding identity
- Achieving technological upgrading
- Supporting the less developed regions of the country
- Promoting balanced growth in relation to environmental resources
- Increasing employment
- Improving cooperation and synergies
- Increasing the average size of enterprises
- Digital and technological business transformation
- Green transition – Environmental Upgrade for businesses
- New Entrepreneurship, with the primary objective of supporting young entrepreneurs, to help them proceed with the design and implementation of investment initiatives in various economy sectors
- Just Transition Plan
- Research and applied innovation
- Agri-food – primary production and processing of agricultural products – fisheries
- Processing – Supply chain
- Business extroversion
- Enhancement of tourism investments
- Alternative forms of tourism
- Major investments, providing specific treatment for investment projects that significantly affect local economies, as well as the rise of economic sectoral indicators in general
- European value chains (EVCs)
- Entrepreneurship 360°
Eligible Investment Categories
Initial Investments
- Establishment of new production units
- Expansion of existing units
- Comprehensive modernization of existing units
- Investments for the development of new products
- Acquisition of fixed assets from units that have ceased operations
Investments without Initial Investment Requirement
- Under specific aid schemes, investments may also be supported without the requirement of documenting an initial investment.
Types of Aid and Incentives of the Development Law
- Tax exemptions
- Cash grants
- Leasing Subsidy
- Subsidies for job creation
- Venture capital financing
- Fast-track licensing incentives
- Loan incentives backed by the Hellenic Development Bank S.A.
Eligible Beneficiaries
New & Existing Businesses:
- Commercial Companies
- Cooperatives
- Social Cooperative Enterprises, Agricultural Cooperatives, Producer Groups, Rural Partnerships
- Joint ventures with commercial activity
- State and municipal enterprises and their subsidiaries
- Sole proprietorship only for the scheme “Agri-food – Primary Production and Processing of Agricultural Products – Fisheries”
Eligible Expenditures
- Construction, expansion, and modernization of building facilities
- Purchase and installation of new, modern machinery and related equipment
- Leasing costs for new, modern machinery and related equipment under financial leasing agreements
- Modernization of specialized facilities not related to buildings, as well as mechanical installations
- Technology transfer through the acquisition of intellectual property rights, exploitation licenses, patents, know-how, and non-patented technical knowledge
- Implementation of quality assurance and control systems, certifications, procurement and installation of software, and enterprise management systems
- Wage costs for new job positions created as a result of the implementation of the investment plan
- Consulting Services for SMEs
- Start-up Support for Newly Established and Start-up (Very) Small Enterprises
- Research and Development Projects
- Innovation for SMEs
- Process and Organisational Innovation for SMEs and Large Enterprises
- Environmental Protection
- Energy Efficiency Measures
- High-Efficiency Cogeneration from Renewable Energy Sources
- Energy Production from Renewable Sources
- Installation of Efficient District Heating and Cooling Systems
- Remediation of Environmental Damage
- Efficient Use of Resources and Support for the Transition to a Circular Economy
- Vocational Training
- Support for SME Participation in Trade Fairs
- Support for Employees in Disadvantaged Positions
- Operating Expenses of the Business
- The purchase of office furniture and equipment, unless they form part of the hotel infrastructure or constitute an essential component of the investment’s production equipment
- The purchase of passenger vehicles with a capacity of up to six (6) seats
- The purchase of land plots, fields, and agricultural land
- The contribution of real estate, machinery, and other fixed assets to the company’s share capital
- The construction or expansion of building facilities on land not owned by the investment entity
Maximum Aid Amounts per Investment Project
- €20,000,000 for any single enterprise
- €50,000,000for affiliated or linked enterprises.
Minimum Investment Thresholds
- Large Enterprises: €1,000,000
- Medium Enterprises: €500,000
- Small Enterprises: €250,000
- Very Small Enterprises: €100,000
- Social Cooperative Enterprises, Agricultural Cooperatives, Civil Cooperatives, Producer Groups, Producer Organizations, and Agricultural Corporate Partnerships as well as very small enterprises under the social entrepreneurship and handicrafts schemes: €50,000
Why Choose Revival Consulting Services
At Revival Consulting Services, we support businesses in accessing the Development Law incentive schemes, achieving:
- Over 800 successful investment projects
- Top-ranked projects at national level, among investment plans submitted to Regional Authorities as well as to the General Directorate of Private Investments (GDPI)
- Disbursement of grants in exceptionally short timeframes
Have a Vision? Let’s Turn It into a Strategic Investment.
Whether you’re planning a new investment project or looking to modernize your current operations, we’re here to help you transform the New Development Law into a strategic growth tool for your business.
Government Gazette of the New Development Law
Regional Aid Map
Development Programs
No available programs
No available programs
Schedule an Appointment
Schedule an appointment with the relevant Funding Consultant today.
Trust Revival’s experienced staff to provide high-level consulting services on issues related to your business. If you want to solve an issue or further develop your business, make an appointment with us and our representatives will develop the ways to achieve it.
Revival is a member:
