kathimerini.gr
Greek Island SMEs Get Funding Boost: Amended Application Deadline July 10, 2025
The Greek government amended its "Green Business" program, extending the deadline to July 10, 2025, for small and very small enterprises (SMEs) on islands with under 3,100 residents to apply for funding of €20,000-€150,000 (70% grant) for investments in modern technology and sustainability, aligning with the National Smart Specialization Strategy.
- How does the program's focus on specific sectors and technologies connect to broader national and EU-level economic and environmental strategies?
- This program aims to boost innovation and sustainability in island SMEs by supporting investments in modern technologies, upgraded products/services, and energy efficiency. Eligible sectors align with the National Smart Specialization Strategy. The funding covers equipment, facilities, services, and indirect costs (7% of direct eligible expenses), with grants ranging from €20,000 to €150,000 (70% of the approved budget).
- What are the key changes introduced by the recent amendment to the Greek island SME funding program, and what is their immediate impact on prospective applicants?
- The Greek government's "Green Business" program offers funding for small and very small enterprises (SMEs) in island communities with populations under 3,100. The program, part of the 2021-2027 Just Transition Mechanism, recently amended its application deadlines and eligibility criteria, including acceptable legal forms, eligible expenses, and evaluation standards. Applications are now due July 10, 2025.
- What are the potential long-term economic and social implications of this program for island communities in Greece, considering the program's limitations and potential challenges?
- The amendments to the program's guidelines suggest a focus on streamlining the application process and potentially attracting a wider range of businesses. The emphasis on modern technologies and sustainability aligns with broader EU goals for economic growth and environmental protection. The 18-month project completion deadline creates a time-sensitive incentive for applicants.
Cognitive Concepts
Framing Bias
The text frames the program positively, emphasizing the opportunities for funding and growth. While this is understandable, it might downplay potential challenges or risks associated with the application process or the program's implementation. The headline (not provided) could further influence this framing.
Language Bias
The language used is largely neutral and informative. There is a slight positive bias in the description of the program's aims, but it is not overly strong or manipulative.
Bias by Omission
The provided text focuses heavily on the application process and requirements, potentially omitting information on the overall impact or effectiveness of similar programs in the past. There is no discussion of potential negative consequences or unintended outcomes of the program. Additionally, the text lacks information about the selection criteria's transparency and fairness.
False Dichotomy
The text presents a binary choice: either apply for funding or do not. It does not discuss alternative strategies for business growth or the possibility that some businesses might not be suitable for this type of funding, or might find the requirements overly burdensome.
Sustainable Development Goals
The program aims to support the creation and growth of small and medium-sized enterprises (SMEs) in island communities. This directly contributes to decent work and economic growth by creating jobs and stimulating economic activity in these areas. The program provides funding and support to help businesses invest in modern technologies and improve their products and services, leading to increased productivity and competitiveness.