All active business grant schemes - Guide to 12 active actions


[Update May 2020]

Several business and employer support programmes are currently open, which can be used to raise liquidity on very favourable terms.

Apart from the open NSRF programmes, the government, due to the latest developments in the economy because of the pandemic, has activated additional actions concerning both interest subsidies on old loans and interest subsidies on new business loans, especially to small and medium-sized enterprises affected by the coronavirus crisis.

Through these actions, and in a particularly difficult period, market liquidity could be boosted in the short term as quarantine measures are gradually lifted and a large number of firms restart their activities.



The EPIDOSIS Grants Department, has undertaken to present you a comprehensive guide to the 12 support and funding programmes that are currently active (May 2020).The experienced EPIDOSIS team is always at your side to answer your questions and responsibly undertake the submission of the application or the funding file for your business, avoiding any kind of oversights and mistakes.

See below for details of the active subsidy programmes, which are implemented either on a national or local level.




1. Interest subsidy on existing loans

Applications until 30/6

The action concerns support for businesses affected by the pandemic in the form of three months' interest coverage on up-to-date business loans.

In particular, it offers an interest subsidy for the period from 01.04.2020 to 30.06.2020 for loan agreements and open account credit agreements that were less than 90 days overdue on 31/12/2019 and were granted before 01.04.2020.

Specifically for Credit Agreements (open mutual accounts), interest on the debit balance according to the last -before or on 31.03.2020- temporary closure of the mutual account is covered, as well as interest arising from the use of the existing (on 01.04.2020) credit limit.

The deadline for submission of applications by businesses is 30/06/2020.

Eligible businesses must meet the following characteristics:

-SMEs - Natural and legal persons

- Activity on 19/3/2020 in the eligible sectors of activity as announced in the relevant decision of the Ministry of Development and Investment and you can see them here

- Commitment to employ on 31.12.2020 at least the same number of employees as on 19.03.2020

- Possession of loan agreements and open mutual account credit agreements that were less than 90 days overdue on 31/12/2019 and have been granted before 01.04.2020


- problem enterprises, before 31.12.19, as defined in Annex IV of the relevant ministerial decision and can be found here.

- enterprises active in the primary production of agricultural products and in the fisheries and aquaculture sector

The procedure for the grant

The beneficiary undertaking submits its application online to the State Aid Information System (PASKE), at the following address

One application is submitted for all loans held by the company with one bank, but different (more) applications if the company has a contractual/loan relationship with several banks, attaching the necessary supporting documents.

The assessment is carried out by the competent Bank and the company is informed of the result of the assessment through the State Aid Information System (SAIS).

Interest will be credited to the company's loan account according to the frequency of the disbursement period (month, quarter, half-year) and, in general, according to the beneficiary bank's internal procedures and the form of the credit account.

Deadlines for submitting the application

Since 11η May and until 30.6.2020, all beneficiaries, regardless of their VAT number, may apply.


In cases of Business Grants, which are not straightforward, we believe that specialised professional advice should be taken, based on the specific elements of each case.




2. Loans with an interest rate subsidy of 100% for the first 2 years of TEPIX II (pending restart)


Through the Hellenic Development Bank, the programme for the provision of Working Capital Loans with interest rate subsidy for 2 years was made available to the affected SMEs.

The new loans can range from €10,000 - €500,000 and are for working capital to SMEs with an SME with a coronavirus-affected CDO.

In particular, the funding is as follows:

  • - Up to 50% of the turnover of the business as reflected in the E3 or the VAT return or the periodic VAT returns for the financial year preceding the date of application; or
  • - Up to 50% of this year's orders.

In the case of start-ups, it is financed at a subsidised rate, up to 50% of the current year's orders or 80% of purchases on credit.

If the above figures are not distinct, the loan cannot exceed 100% of equity.

Duration and interest rate

The loans have a total duration of 2 to 5 years and are provided with a grace period of 6 to 12 months.

The interest rate is determined by the bank after examining the creditworthiness of the applicant.

It is then subsidised by the CDF as follows:

- By 100% in the first two years, if the jobs that the company had on 19 March are maintained during this period

- By 40% over the remaining term of the loan.

Note that the subsidy for the first two years covers interest rates up to 8%. If the interest rate set by the bank is higher, you will pay the difference.

Also, to receive the grant you must maintain for 2 years the jobs that the business had on 19 March 2020.

In addition, you can reduce the interest rate if you provide collateral.

Method of payment and envelope charges

To receive the money, you pay one-time fees amounting to 0.50% on the approved loan.

The minimum amount of expenses is 100 euros and the maximum is 4,000 euros.

You can choose between 2 ways of repayment:

  • With repayable instalments.
  • With interest-free instalments.

Instalments are paid every month or every 3 months throughout the duration of the loan.

You can also repay all or part of your funding at any time, without any charge.

The cooperating banks of the programme are: Piraeus Bank, Alpha Bank, Eurobank, National Bank, Attiki Bank, Pankritia Co. Bank of Greece, Bank of Athens, Bank of Greece, Bank of Greece, Co. Bank of Chania, Co. Bank of Epirus, Co. Bank of Thessaly, Co. Bank of Thessaly, Co.

See the relevant update here




 3. Business Finance - TEPIX II (Restart on 20.05.2020 until 28.05.2020)

The Entrepreneurial Finance Action of the Entrepreneurship Fund II aims to promote entrepreneurship through the provision of loans that are interest-free at 40%.

It has almost the same characteristics as the new CIFIH programme (see 2), but is aimed at all businesses regardless of whether they are affected by the coronial crisis.

Although there is no interest subsidy of 100% for 2 years, the loan is interest-free for 40% throughout its term.

In addition, investment loans, other than working capital, are also provided under the action, ranging from €10,000 to €800,000, with a repayment period of 5-12 years and a grace period of 6 months to 2 years, depending on the time of implementation of the investment.

See the relevant update here




4. Competitiveness toolbox for small and micro enterprises

The Action aims to support existing small and micro enterprises.

The aid will be granted for the modernisation of production equipment and for all the tests and quality controls required for the certification and conformity of products.

Investment projects from 20.000€ to 200.000€ are eligible for funding from 50% - 65%.

See the relevant update here




5. Second business opportunity programme for 5,000 unemployed people

The aim of the programme is to reintegrate into the labour market 5,000 unemployed, formerly self-employed, who had stopped their business activity.

They are given a second chance to set up businesses and re-enter the business world.

See the details of the programme here




 6. Private projects to support local development through LEADER

Private operations which contribute directly or indirectly to serving and improving the quality of life of the local population and the development of the local economy, in order to achieve the objectives of the approved local strategy.

See the details of the programme here




7. Investment projects for innovation, research and business development in the Region of Eastern Macedonia and Thrace

Applications until 23/6

The aim of the Action is to support research projects for the development of products and/or services, which have emerged after the business discovery process, through the support of existing businesses investing in Innovation and/or Research and Development in the Region of Eastern Macedonia and Thrace. Innovation in cooperation with public bodies, the eligible costs are salary, travel, etc.

See the details of the programme here




8. Innovation vouchers for small and medium-sized enterprises of the Region of Central Macedonia


The purpose of the Innovation Voucher Action is to support micro, small and medium-sized enterprises through the purchase of a service to be provided by innovation agencies.

See the details of the programme here




9. Support for business start-ups in Eastern Macedonia and Thrace

 Applications until 16/6

The Action concerns the support of investment projects for the establishment of businesses.

Personal participation, relevance of studies and experience are required and the applicant's months of unemployment are assessed. Subsidies are mainly granted for manufacturing other than carpentry, clothing, household appliances and articles, furniture, etc. , construction, recycling, health, information and communication, some training such as dance schools.

70% grant for projects from 20.000 € to 285.000 €

See the details of the programme here




10. Support for the modernisation - upgrading of existing micro, small and medium-sized enterprises in Eastern Macedonia and Thrace

Applications until 14/7

The Action concerns the modernisation of existing manufacturing, wholesale trade and tourism. Under this action, only the initial investment of an existing enterprise is financed.

Subsidy as 55% for projects from 60.000€ to 800.000€

See the notice of the programme here




11. Digital upgrading of small and medium-sized enterprises in the Region of Crete

The aim of the action is to support businesses through the purchase of innovative ICT applications in order to strengthen the application of ICT as a key supporting technology, in order to achieve improvements in terms of productivity and promotional actions by businesses.

See the details of the programme here




 12. Grant programme for businesses in the cutting-edge sectors of the Region of Epirus for the employment of unemployed people with high qualifications

Applications until 30/6

The Action aims to support existing micro, small and medium-sized enterprises. It finances the wage costs of newly recruited staff for 18 months of full-time employment.

Investment projects of up to €200,000 are eligible.

See the details of the programme here




This post is purely informative and does not form part of any specialist advice. H experienced team of EPIDOSIS is always at your side to answer your questions and responsibly take over your submitting the application for your business  avoiding any kind of oversights and mistakes.

Fill in the relevant contact form HERE

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