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ESPA V2 – decentralized, simplified & focused on results

Yesterday, 17th of February 2010, the road map of the Ministry of Economy, Competitiveness and Maritime with respect to government development funds was announced ( by the minister Louka Katseli. The basic dates are:

  • February 2010 – Completion of the proposals’ evaluation of the professionals state aid programme and the youth and female entrepreneurship state aid programmes
  • 15 March 2010 – Start of Public Consultation for the new Development Law.
  • March 2010 – Call of the phase B of the SMEs state aid programme (200mEuro)
  • March 2010 – Call of 2 new state aid programmes for the  Green Entrepreneurship (60mEuro)
  • April 2010 – ESPA V2 to be announced, following consultation.
  • April 2010 – Completion of the proposals’ evaluation of the SMEs state aid programme (phase A)
  • May 2010 – New Development Law to be submitted to parliament.
  • June 2010 – All due payments for N.3299 development projects will be completed.
  • end of 2010 – Call of a series of state aid programmes related to knowledge-intensive business, research and innovation (250mEuro)

The Ministry will be using financial tools like TEMPMEJEREMIE and JESSICA. Further details available at the attached presentation (Greek):