Περιεχόμενα Άρθρου
NATIONAL RECOVERY AND RESILIENCE PLAN – GREECE 2.0
With a vision of a more sustainable and resilient Europe, the European Commission presented its new initiative, NextGenerationEU. Through NextGenerationEU, the aim is to give priority to the recovery of the member states of the European Union, through the financing of reform and investment programs.
To achieve its vision, the European Commission will allocate a total amount of €750 billion to the 27 member states, of which €390 billion will be grants and €360 billion will be distributed in the form of soft loans.
From these funds, Greece will receive €31 billion, of which €18.4 billion in grants and €12.7 billion in loans will be allocated to support the Greek economy.
The National Recovery and Resilience Plan – Greece 2.0, following the guidelines of NextGenerationEU and benefiting from the support of the Recovery and Resilience Fund, aspires to accelerate the recovery of the national economy and lead the country into a more extroverted, competitive, green and digital era.
Main Characteristics of RRF
Vision
The National Recovery and Resilience Plan – Greece 2.0, with the support of RRF, has a vision to lead the country into a new economic and social era.
Alignment with 6 pillars
- Green Transition
- Digital Transformation
- Smart, sustainable & inclusive development
- Social and territorial cohesion
- Health and economic, social & institutional resilience
- Policies for the next generation, children and young people
Resources
Greece will receive a total of 31 billion from the NRRP in 10 installments (€18.4 billion will be distributed as grants and €12.7 billion as loans).
Timetable
All RRF investment projects must be completed by the end of 2026. So it is understandable that the receipt and utilization of resources from RRF must be done at a high speed.
Loan Features
Soft Loans: 0.35% interest for micro & small businesses & 1% for medium & large
Maximum Funding: Up to 50% of the investment plan
Eligibility: Funding based on strategic pillars
Participation: At least 30% of the investment plan through bank participation & 20% through private
Timetable: Businesses can submit their investment plans to receive soft loans until 2026
Article to read:
National Recovery and Resilience Plan Strategic Pillars
The funds of the Recovery & Resilience Fund will be distributed to the companies receiving direction from the respective pillars and directions.
Strategic Pillars of NRRP
Strategic Pillar #1: Green Transition
- Transition to a new environmentally friendly energy model
- Energy upgrade of the country’s building stock and zoning reform
- Transition to a green and sustainable transport system
- Sustainable use of resources, climate change resilience and biodiversity conservation
Strategic Pillar #2: Digital Transition
- Connectivity for citizens, businesses, the state
- Digital Transformation of the State
- Digital Transformation of Businesses
Strategic Pillar #3: Employment, Skills, Social Cohesion
- Increasing jobs and promoting participation in the labor market
- Strengthening the digital skills of education and modernizing vocational education and training
- Strengthening the accessibility, efficiency and quality of the health system
- Increasing access to effective and inclusive social policies
Strategic Pillar #4: Private Investment and Economic Transformation
- Tax tools friendly to the development and improvement of tax administration
- Modernization of public administration
- Improving the efficiency of the administration system
- Strengthening the financial sector of the capital markets
- Promotion of research and innovation
- Modernization and improvement of the resilience of the main sectors of the country’s economy
- Improving competitiveness and promoting private investment and acquisitions
Strategic Loan Directions
- Green Transition – Budget 4.9 billion euros
- Digital Transition – Budget 2.6 billion euros
- Innovation – R&D – Budget 1.3 billion euros
- Extroversion – Budget 1.3 billion euros
- Scaling Up / M&A – Budget €0.7 billion
Article to read:
RRF INDICATIVE ACTIONS – GRANTS
Green Transition
- Innovation and green transition in agricultural processing
- Modernization of the primary domain
Digital Transition
- Media Digital Tools
- Digital Transactions
- Development of Digital Products and Services
- Smart Manufacturing
Private Investments and Transformation of the Economy
- Restructuring of Crops
- Green Agritourism
- Funding of Basic Research
INDICATIVE ELIGIBLE RRF PROJECTS – LOANS
Green Transition
- Renewable energy sources
- Energy performance of buildings/Renovation of buildings
- Waste management
- High efficiency co-production
Digital Transition
- 5G / Optical fibers / Cyber security
- Artificial Intelligence (AI) / Cloud / Virtual reality
- E-commerce / E-invoicing
- ERP / HRMS / Data centers
Innovation – R&D
- Development of new products / services
- Industrial research / Experimental research
- Smart farming
- Patenting
- Improvement of production methods
Extroversion
- Development of tourist accommodation
- Agricultural sector export development
- Export activities
Increase in Size / M&A
- Acquisitions / Mergers / Franchisee
- Joint Ventures / Cooperatives
- Joint research & development projects
- Export / Supply Partnerships
- Investment Plan Eligibility Criteria
Investment Plan Eligibility Criteria
Grants
Regarding the Actions concerning Grants, the eligibility criteria are announced in the call for each Action.
Loans
- Green Transition – At least 20% of eligible expenditure contributes to the green objectives of the National Recovery and Resilience Plan (NRRP)
- Digital Transformation– At least 10% of eligible expenditure contributes to digital objectives of NRRP
- Innovation – R&D – At least 10% of the eligible costs relate to innovation – R&D and meet at least 1 innovation – R&D indicator
- Extroversion – Exports constitute at least 15% of turnover (3-year financials) & minimum P/Y of exports at least 15% of projected revenue
- Increase in Size / M&A – Existence of existing or new partnership / Creation of new scheme due to acquisition or merger
Combination of Development Tools – RRF & Development Law
With the aim of utilizing financing for the development of Greek businesses and increasing their attractiveness, the opportunity is given for the combined use of development tools, such as the new Development Law (n. 4887/2022) and the Recovery & Resilience Fund.
Maximum Combined Boost
In the case of the combined aid from the two development instruments, new Development Law and RRF, the beneficiaries must follow the following rules.
Application Rules
- 25% of the investment plan (IP) does not include state aid
- the limits set by the CHPE are not exceeded
- Maximum RRF Loan = RRF Investment Cost/2 – Development Law Enhancement
- 20% of the IP is financed with equity
- 30% of the IP is financed with a bank loan without aid
Conditions
- 25% of the investment loan cannot include state aid.
- Simultaneous compliance with the requirements of the new DL, RRF & General Exemption Regulation.
- The purpose and the eligible costs of the investment project must meet the conditions of one of the regimes of the new AN and contribute to the pillars of the RRF.
- That the works as defined in the investment plan have not been started before the submission of the affiliation applications.
- The total benefit from both development tools should not exceed the intensity limits of the Regional Investments Charter.
QBC – Quality Business Consultants
QBC, Quality Business Consultants, has in its consulting department Business Consultants with the necessary know-how and experience for your successful inclusion in the actions of the National Recovery and Resilience Plan.
Our support will take place in 4 distinct phases.
Phase 1 – Investment Plan Overview/Development and Evaluation
Phase 2 – Apply for the Smart Manufacturing action of the Recovery and Resilience Fund
Phase 3 – Support during communications with stakeholders during the submission and evaluation of applications
Phase 4 – Support during the implementation of the investment plan
For more information about the program, you can contact us by phone at 216 900 7576 or submit a contact request and one of our Consultants will serve you immediately.
