GREECEGREECE

GREECE Grant options

- New programming period -

- Old programming period -

- Greek development law -

NEW BUDGET 2014 - 2020

NEW programming period

2014 – 2020 period

Partnership agreement by Q1 2014

Operational programs Q4 2013 – Q3 2014

Call preparations Q4 2014

Various operational programs

–  Innovation

–  Competitiveness

What to expect:

–  Incentives for new technologies

–  Cooperation with Universities

–  Training / YG / NH

–  Investments

Planning old programming period

Greece has N+2

Last payment from EC approx. Q2 2015

A lot of budget still available

Project

–  Publication of call (1 – 3 months)

–  3 – 6 months approval period

–  12 months project

–  6 months finalization administration

How can Greece optimize budget spending

–  Expand project period for running projects

–  Quick new calls latest Q1 2014

WORST PERFORMING COUNTRIES

Country Decided Amount EU amount Allocated to selected projects (2007-2011)

Interim Payments (Paid+claimed at 01/2013) Project selection rate (2011) %

Expenditure (paid/claimed at EC) (01/2013)

RO €19.213.036.712 €12.748.140.268 €2.832.976.582 66% 15%

BG €6.673.628.244 €3.713.679.579 €1.780.016.335 56% 27%

MT €840.123.051 €606.756.079 €250.051.142 72% 30%

CZ €26.539.650.285 €17.372.742.885 €7.943.505.457 65% 30%

SK €11.498.331.484 €8.296.343.874 €3.991.342.175 72% 35%

IT €27.955.874.054 €15.913.681.696 €9.722.679.434 57% 35%

HU €24.921.148.600 €17.696.004.966 €9.049.346.888 71% 36%

ETC €7.905.148.128 €6.081.127.450 €3.006.843.968 77% 38%

CY €612.434.992 €696.770.219 €243.114.432 114% 40%

Cohesion policy: Strategic report 2013 on programme implementation 2007-2013

ESF OVERALL STATUS

EFRD OVERALL STATUS

Thematic reprogramming status

DOMESTIC BUDGET

Greek Development Law (GDL)

Domestic budget

Eligible areas ( Production & Services & Energy)

Size of the company decides the grant percentage

Location of the investment

–  15% Athens area

Demand is low from the private sector

Greek Development Law Main change Tax exemption - > cash grant

Apply any time

Next deadline End of April / October

Minimum investment 1 million for large companies

Grading / scorecard

Bottom line = 40 points maximum = 100 points

–  Environmental protection

–  Technology investment

–  Own Capital 25%

–  Business case

36 months to get 50% implementation

–  Other 50% another 24 months

Greek Development Law

Application recquirements

–  Offers from suppliers

–  Legal documents

–  Financing

–  Historical financial data

–  Business Case / forcasting

–  Discription of technology

–  ………….and much more

Approx 2 months

Planning GDL

Investigation phase NOV-DEC

Feasability phase DEC - JAN

Application phase FEB – MARCH