Support for the Establishment of Very Small and Small Enterprises in the Island Areas of the DAM 2021-2027 Program («I Act Green»)
The purpose of the action “Support for the Establishment of Very Small and Small Enterprises in the Island Areas of the DAM 2021-2027 Program («I Act Green»)” is to establish businesses and strengthen the competitiveness of new very small and small enterprises on small islands (with a population up to 3,100 inhabitants), in order to respond to the challenges of globalization and the post-lignite era, and to improve their position in the domestic and international market. The ultimate goal is to secure existing jobs and create new ones.
Potential Beneficiaries
New and Pre-Establishment Very Small and Small Enterprises
- Pre-establishment enterprises are defined as those that will submit their business commencement declaration to the Tax Office after the electronic submission of the funding application.
- New enterprises are defined as those that have commenced operations and, at the date of electronic submission of the funding application, have fewer than two (2) full closed financial years.
- An entity (enterprise/shareholder/partner/owner) may not participate in more than one (1) investment project concerning a pre-establishment enterprise.
Implementation Region
- Region of North Aegean
- Region of South Aegean
- Region of Crete
Basic Participation Requirements
- The investment must be made exclusively in one of the attached Regions.
- The enterprise must operate exclusively in eligible NACE code(s), as defined in the Detailed Call.
- The enterprise must qualify as a Very Small or Small Enterprise.
- Proof of Available Funds must be provided for the Investment Plan, corresponding to at least 30% of the Total Budget.
- The enterprise must operate legally, possessing the appropriate licensing document according to the applicable legislation (e.g., notification/operation approval, operating license, etc.).
- The enterprise must commit to maintaining the declared increase, which will be an evaluation criterion of the application, for at least one year after the completion of the investment (0.5 full-time equivalent).
Subsidized Budget
The subsidized budget for each project ranges from €20,000 to €150,000.
The rate of public funding amounts to 70% of the subsidized budget of the funding application.
Eligible Expenses
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Building interventions – upgrades of the surrounding environment
- Energy upgrading of buildings
- Interventions for energy and water savings
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Expenses for equipment, transportation means, and instruments
- Production and mechanical equipment
- Automation and information systems
- Digital office equipment
- Electric professional transportation means – up to 50% of the budget and up to €50,000
- Green Technological Solutions – Mandatory expense for Environmental Protection and Energy Savings. At least one of the five (5) subcategories and at least 30% of the subsidized budget.
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Service provision expenses
- Implementation consulting support
- Product and service certifications
- Technical studies
- Participation in exhibitions
- Promotion and extroversion expenses
- Indirect expenses paid without submission of supporting documents
Project Duration
The implementation duration of the investment plan is set at 18 months.
Evaluation Method
The methodology to be applied for the evaluation of the action is Comparative Evaluation.
The minimum acceptable total score for the approval of an investment plan is set at 65.
Application Period
The electronic submission period ended on 19.09.2025 at 15:00.
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