Horizon 2020 – What you should know if you wish to get funded by the EU
30 August 2019
C. Vamvakas was guest speaker during the Cannabis Business Europe Conference, 7th – 8th November 2019
7 October 2019

Subsidies for Medical Cannabis, Tourism, Logistics investments by the Investment Incentive Law


VK PREMIUM Business Consultants, consistent to its fundamental principle of providing the utmost services to businesses in Greece and abroad, has proven once more to be a valuable partner to many Greek and International companies who profited from the funding opportunities provided by the Investment Incentive Law (IIL). More than 400 million € of investments were awarded to VK PREMIUM’s clients in areas such as modernisation, renovation, expansion of existing facilities and/or establishment of new hotels, Medical Cannabis subsidies, development of logistic centers, industrial plants.

The Investment Incentives Law offers financial support by means of subsidies, grants, tax allowances aiming at the deployment of new investments in Greece in sectors such as tourism, medical cannabis, manufacturing, agriculture, ICT, etc., injecting this way valuable funds into the Greek economy.

For 2022 the maximum aid intensity will reach up to 75% of the eligible budget, 25% higher than the current aid intensity*.

*The maximum aid intensity depends on the geographical area where the investment will be applied.

VK PREMIUM’s role is to provide full scale services to such businesses in terms of guiding, consulting, preparing, submitting and administering throughout the process until the injection of the funds. Specifically, VK PREMIUM’s mandate is to:

  1. Evaluate a candidate’s admissibility in the various funding schemes so as to ensure high success rate (an in-house scoring method is also applied);
  2. Prepare all required technical and economic documentation (technical studies, business plans etc.,) tailored to the specific demands of the Investment Incentive program ensuring full alignment with the provisions of IIL, as well as the submission of the complete file to the competent authorities;
  3. Administer the application throughout the process until the final approval as well as the injection of the funds to the client;
  4. Manage the client’s investment project (allocation of funds, follow up of project’s timeline and key deliverables, establishing KPIs, problem solving etc.) up until completion.

The article was updated at 29/07/2022

VK PREMIUM is a consulting firm, established in 2007, in Athens, Greece, offering expert services to companies from a diverse range of industries in both private and public sector. Persistency combined with effort and consistency in quality of the service provided, have positioned our firm among the top consultancy agencies in Greece, working with over 800 clients ranging from MNEs to SMEs from sectors of pivotal importance to the economy and awarded over 400 million EUR of investments with a success rate circa 98%.