The European Commission has approved the Greek development and investment ministry’s 60-million-euro invitation addressed to micro, small and medium-sized enterprises, offering support for businesses affected by the pandemic, ANA reports.
According to an announcement by the ministry, the invitation is expected to be announced soon and will target very small, small, and medium-sized enterprises registered in the National Register of Start-ups “Elevate Greece”, or who register there before submitting their application for funding up until September 30, 2021. The businesses must have launched their activity by December 31, 2020, and be active in areas of Smart Specialisation / RIS3 and in the affected sectors.
State support will be provided in the form of direct grants to help ensure adequate working capital for businesses. The amount of the grant can be up to 80 pct of the working capital expenditure for the reference year 2019 or 2020.
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