The new “We Produce in Greece” initiative aims to substantially boost manufacturing activity in the country, enabling small and medium-sized enterprises to invest in modern equipment, technology, and product development.

This is a targeted initiative falling within the framework of the ESPA 2021–2027 funding instruments, focusing on increasing domestic production and competitiveness.

What is the action?

The “We Produce in Greece” initiative is a subsidy program that aims to:

• On boosting the production of high-value products
• Towards the modernization of the manufacturing sector
• Towards boosting the outward orientation of businesses

Key features of the program:

Element	Description
Total budget	~€50 million
Subsidy rate	50% – 55%
Investment budget	100.000€ – 400.000€
Maximum subsidy	up to €200,000
Beneficiaries	Manufacturing SMEs

Why the initiative is important

The significance of the initiative extends beyond mere financial support and is linked to the overall restructuring of Greek production.

• Reduction of import dependence: Increasing domestic production limits the need for imported products.
• Boosting competitiveness: Businesses acquire modern production equipment and reduce costs.
• Export growth: Greek products can gain a stronger presence in international markets.
• Digital transformation: The adoption of new technologies and automation is encouraged.

How the program works

The action funds investment plans directly related to the enterprise’s production and development.

Eligible expenses

Category	Examples
Equipment	Machinery, production lines
Digital systems	ERP, automation, IoT
Certifications	ISO, CE
Branding	Product & packaging design
Human Resources	Specialized personnel

Who it concerns

The program is aimed at:

• Micro, small and medium-sized enterprises
• Enterprises with manufacturing activity
• Enterprises with at least one completed financial year
• Businesses with eligible activity codes (KAD)

Basic rule: the investment must not have commenced prior to submission.

Advantages & challenges

Advantages

• High subsidy
• Enhancement of production capacity
• Product quality improvement
• Boosting exports

Challenges

• Demanding submission process
• Competition between applications
• Need for proper planning

Growth prospects for Greek industry

This specific initiative is not limited to supporting individual enterprises; rather, it contributes to the overall shaping of a more resilient and modern production model for the Greek economy. Through targeted investments, conditions are created for increasing domestic value added, boosting employment, and developing business collaboration ecosystems. At the same time, the transition to more sustainable and “smart” production practices—aligned with international trends—is encouraged.

Strategic utilization of the subsidy

A subsidy alone does not guarantee success; what makes the difference is how it is utilized. Businesses that view the initiative as an opportunity for strategic transformation—rather than merely a funding tool—are the ones that ultimately maximize the benefits. Making the right investment choices, aligning with long-term goals, and continuously monitoring results are key factors for sustainable growth following the project’s completion.

FAQ – Comprehensive Frequently Asked Questions

1. What is the final subsidy rate?

The subsidy rate typically ranges between 50% and 55%, but it may vary depending on the region, the size of the business, and the type of investment. In certain cases, there may be increases, making a proper assessment prior to submission important.

2. How important is the business plan?

The business plan forms the core of the application. A simple description of the investment is not enough; a comprehensive analysis is required to demonstrate:

• the sustainability of the project
• the development prospect
• the link between investment and results

A well-structured plan can make the difference between approval and rejection.

3. Which businesses have a greater chance of being accepted?

Companies presenting:

• clear productive activity
• sound financial figures
• investments with measurable impact
• elements of innovation

They have a higher chance of being approved.

4. Which expenses are considered ineligible?

Frequently rejected:

• expenses not directly related to production
• overpriced equipment
• general operating expenses
• investments that have already begun

Proper documentation is crucial.

5. How long does the process take?

The total duration can range from 12 to 30 months and includes:

• evaluation
• approval
• implementation
• verification and payment

The duration depends on the complexity of the investment.

6. Is a contribution of own funds required?

Yes, the business covers the non-subsidized portion of the investment. This can be done through own funds or bank financing. Financial capacity is a key evaluation criterion.

7. Can the investment begin before the application?

No. Starting before submission renders expenses ineligible and may lead to rejection. The procedure must be strictly followed.

8. How important is technology?

The integration of technologies such as ERP systems, automation, and digital tools significantly strengthens the proposition, as it is directly linked to increased productivity and competitiveness.

9. What is the role of certifications?

Certifications serve as proof of quality and facilitate entry into new markets, particularly abroad. They often constitute a strategic advantage.

10. What are the main reasons for rejection?

The most common ones include:

• weak business plan
• poor documentation
• low score
• economic instability

Preparation is crucial.

11. Is it suitable for small businesses?

Yes, the program is designed primarily for small and medium-sized enterprises and can serve as a significant driver of growth and modernization.

12. Is there competition between applications?

Yes, as the budget is limited. This means that the strongest and most comprehensive proposals are approved.

13. How can a business stand out?

A proposal stands out when:

• It has a clear strategy.
• demonstrates innovation
• links investment with growth
• It is fully substantiated.

14. How important is proper preparation?

Proper preparation is perhaps the most important factor for success. It reduces errors, improves scores, and ensures smooth implementation.

15. What must a business do before starting?

Before submission, it is important to:

• evaluate the viability of the investment
• formulate a clear strategy
• secure funding
• prepare a complete dossier

Conclusion

The “We Produce in Greece” initiative represents a significant opportunity for Greek businesses to upgrade their production capacity and strengthen their market position.

However, success depends not only on funding but, above all, on the strategic approach, proper planning, and effective implementation of the investment.