Funding support for sustainable business development & ESG investments
Funding support for sustainable business development & ESG investments
29 April 2024

Cash grant for the processing, trade, and/or development of agricultural products

A cash grant with intensity up to 75% will be available soon for the processing, trade, and/or development of agricultural products from raw materials such as milk, meat, fruit, vegetables, wine, and oil.

Eligible Sectors – Actions Under this program, support applications are accepted from beneficiaries who process raw materials (agricultural products) listed in Annex I of the Treaty on the Functioning of the European Union to produce final products also listed in Annex I (agricultural products).

The raw materials and final products may belong to the following sectors:

  • Meat (sheep and goats, cattle, pigs, poultry, rabbits)
  • Milk
  • Eggs
  • Honey
  • Animal Feed
  • Cereals
  • Oil Products
  • Fruits and Vegetables
  • Wine
  • Vinegar
  • Flowers
  • Medicinal and Aromatic Plants
  • Seeds & Propagation Material

The eligible budget ranges from € 400,001 to € 5,000,000.

Subsidy Rates

The subsidy intensity varies depending on the geographic area where the investment will be implemented as follows:

  • Regions of the Ionian Islands, Crete, and small Aegean islands: 65%*
  • Regions of Peloponnese, Western Greece, Central Greece, Thessaly, Epirus, Central Macedonia, Western Macedonia, Eastern Macedonia, and Thrace: 50%*
  • Region of Attica: 40%*
  • *+10% for investments aimed at reducing energy consumption, water usage, greenhouse gas emissions, and waste production.

The announcement of the application submission start date is expected soon.

Eligible Investment Plans

Subsidized investments in the aforementioned sectors pertain to investment plans mainly involving:

  • Establishment, modernization, expansion, relocation of production units and storage facilities
  • Mergers of units
  • By-product management units

Eligible Expenses

  • Acquisition of real estate (land or buildings). The expense for land acquisition cannot exceed 10% of the total eligible budget of the support application.
  • Landscaping of the plot where the subsidy application will be implemented.
  • Construction of new or improvement of existing building infrastructure.
  • Procurement, transportation, and installation of equipment such as:
    • Processing, packaging, and cooling machinery
    • Laboratory equipment to support the unit’s operations
    • Energy production equipment from renewable sources for business needs, not as standalone actions but as part of the overall investment
    • Water-saving equipment, not as standalone actions but as part of the overall investment
    • Energy-saving equipment, not as standalone actions but as part of the overall investment
    • Waste treatment equipment, not as standalone actions but as part of the overall investment
    • Office and IT equipment, including telecommunication systems, intercom networks, computers, and peripherals, copiers, security systems, fire protection, and firefighting systems, etc.
  • Procurement of external transport means, specifically new special-purpose vehicles necessary for the operation of the investment to ensure the quality and hygiene of the product (raw materials and final products/by-products).Examples include:
    • Trucks – silos for transporting bulk flour
    • Isothermal tanks are necessary for transporting milk to the packaging – processing area
    • Tanker trucks for transporting olive pomace and liquid waste from olive mills
    • Refrigerated trucks exclusively for the wholesale of products
    • Vehicles for transporting animal by-products to inactivation units, complying with current legislation
  • Procurement of internal transport means to meet the investment needs (e.g., forklifts, hoists, etc.).
  • Connection to electricity, water, telephony, and geothermal networks within the plot’s limits.
  • Obtaining quality assurance certifications from relevant organizations (e.g., ISO, HACCP, BRC Global Standards, IFS Food Standard, GLOBALG.A.P.), which are applied at all stages of the food chain from the farm to the shelf, ensuring the quality and safety of the food consumed.
  • General expenses related to the unit’s installations and equipment, such as fees for architects, engineers, and consultants, fees for advice on environmental and economic sustainability, including costs for feasibility studies.
  • Intangible expenses such as the acquisition or development of software and patents, licenses, intellectual property rights, trademarks, creating a recognizable product label, and market research for product image shaping.

Selection Criteria

Investment plans will be selected based on criteria such as:

  • Location in areas affected by climate change phenomena like floods and fires
  • Use of innovation and new technologies
  • Processing of organic raw materials or raw materials produced with environmentally friendly methods
  • Production of quality products (e.g., PDO, PGI)
  • Environmental protection, contribution to climate change mitigation and adaptation (e.g., energy saving and use of RES)
  • Investment plan maturity
  • Business export orientation
  • Maintenance of existing and increase in employment positions
  • Business size

The announcement of the application submission start date is expected soon.

VK PREMIUM provides support from investment consultants with the necessary experience and knowledge of every subsidized and co-financed program to guide you in selecting the program suitable for your investment.

For further information please contact VK PREMIUM Business Growth Consultants at : or call us : + 30 210 6835560

* The fields with * are required.