330 million euros of measures to support restoration



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Φωτ: REUTERS / David W Cerny

New action, budget 330 million euros, to provide working capital to companies focus, with the aim of purchasing raw materials for the first time 2-3 months to restart its operation, implements the Ministry of Development and Investments.

The action is financed through the Operational Program “Competitiveness-Entrepreneurship-Innovation” (EPANEK) of the NSRF 2021 – 2027 and concerns small, medium and large companies that have the main KAD or KAD with the highest income from the restaurant.

Franchise companies are also included, provided certain NSRF regulatory criteria are met.

The amount of the aid is 7% on billing of the main restaurant KAD or KAD with the highest revenue of 2019.

For companies created in 2019 or 2020, the amount of the aid is defined as follows:
[(κύκλος εργασιών 2019 ή 2020)/αριθμός ημερών λειτουργίας]* 365 * 7%.

The maximum amount of the aid is set at 100,000 euros per VAT.

Read: Mr. Mitsotakis: A sum of one billion euros has been delivered to the restaurant

The criteria to join the action are:

TO) Reduction in annual turnover 2020 compared to 2019 greater than or equal to 30%.
B) For companies established in 2019 for the fall in billing, an equal number of operating days is calculated.
C) Established in 2020, they go into action automatically.
D) Companies. Catering services that were under construction in 2019 and started earning in 2020 are treated as set in 2020.
ME) Catering companies that are required to submit regular VAT returns.

Applications will be sent to the State Aid Information System (PSE) of the Ministry of Development and Investments at www.ependyseis.gr. The start of applications will be determined by state approval by the European Union, while applications will be accepted until July 31, 2021 in order to intensify seasonal business.

The evaluation will be immediate and the disbursement of the grant will be made immediately after the application and approval of the application, while companies must consume the grant until 12-31-2021. The audit will be based on periodic declarations of VAT and declared expenses.

Note that:

TO) The amount of aid to be granted per share must not exceed 70% of the sum of the amounts of codes 361, 363 and 364 of the periodic VAT return for the year 2021.
B) The sum of the amount of public funding for this action, the amount of public funding in the context of business support actions affected by the COVID-19 pandemic of the NSRF Regional Operational Programs in the form of a grant, cannot exceed 100% the sum of the amounts listed in Code 367 of the periodic VAT returns form for the year 2021.

In case (A) or (B) is applied, the amount of public financing of this action is collected as unduly paid and is reimbursed by the beneficiary of the aid.

Due to its inclusion in the EU state aid temporary framework, as a pandemic action, it will also be approved by the European Commission.


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