Preparation of Final Ranking Tables of 305 new investment plans of the Development Law

Following previous decisions of the Deputy Minister of Development and Investment Nikos Papathanasis and according to the amounts of aid of investment plans under the schemes “General Entrepreneurship” and “Small Very Small Enterprises” of the Development Law 4399/2016 for the years 2020 and 2021 and were distributed at the General Directorate of Private Investments, the Final Ranking Tables of the 305 new investment plans under which they are compiled.

The total amount of the grant, the leasing subsidy and the subsidy of the cost of the created employment reaches 538 million euros and the aid in the form of tax exemption amounts to 184.3 million euros.

Specifically:

The 6th cycle of the “General Entrepreneurship” scheme includes a total of forty (40) investment projects.
The total amount of the grant, the leasing subsidy and the subsidy of the cost of the created employment amounts to 19,805,817.60 euros and the total amount of aid in the form of tax exemption amounts to 114,250,986.79 euros .

The 7th cycle of the “General Entrepreneurship” regime includes a total of forty-six (46) investment projects.
The total amount of the grant, the leasing subsidy and the subsidy of the cost of the created employment amounts to 64,930,142.58 euros and the total amount of aid in the form of tax exemption amounts to 70,071,743.52 euros .

The 4th cycle of the “Small Very Small Enterprises” scheme includes a total of ninety-four (94) investment projects.
The total amount of the grant, the leasing subsidy and the subsidy of the cost of the created employment amounts to 187,591,783.58 euros and no aid is required in the form of tax exemption.

The 5th cycle of the “Small Very Small Enterprises” scheme includes a total of one hundred and twenty five (125) investment projects.
The total amount of the grant, the leasing subsidy and the subsidy of the cost of the created employment amounts to 265,503,223.54 euros and no aid is required in the form of tax exemption.

In the next period, the process of issuing the individual decisions for the inclusion of these investment plans will follow.

The Minister of Development and Investment Mr. Adonis Georgiadis stated:

“Despite the adverse conditions of the pandemic, the Ministry of Development and Investment is operating at a very fast pace. Proof of this is the preparation of the final tables of the Development Law that approves 305 new investment plans, taking a step towards achieving the goal of a record investment in 2022.”

The Deputy Minister of Development and Investment, Mr. Nikos Papathanasis, stated in this regard:

“The State is an ally of entrepreneurship and investment. Through our ongoing reform initiatives we reduce bureaucracy, support businesses, strengthen investment plans. The New Development Law, which will be the first legislation of 2022, creates new perspectives in “Multiple areas of business activities. We are building the new investment environment in Greece with less state and more confidence”.

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Source From: Capital

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