Funding opportunities in Greece.What is ESPA ?
Partnership Agreement (PA) 2014-2020
The PA (Partnership Agreement for the Development Framework) 2014-2020 constitutes the main strategic plan for growth in Greece with the contribution of significant resources originating from the European Structural and Investment Funds (ESIF) of the European Union.
The PA, through its implementation, seeks to tackle the structural weaknesses in Greece that contributed to the economic crisis, as well as other economic and social problems caused by it. Moreover, the PA 2014-2020 is called upon to help attain the national targets within the Europe 2020 Strategy. The target of the Europe 2020 Strategy is to foster growth that is:
- smart, with more efficient investments in education, research and innovation;
- sustainable, because of the decisive shift to a low carbon economy, and
- inclusive, focusing especially on job creation and poverty reduction.
The PA vision of growth
“To contribute to revitalising the Greek economy through the recovery and upgrading of the productive and social fabric of Greece and the creation and maintenance of the sustainable jobs, spearheaded by outward looking, innovative and competitive entrepreneurship and on the basis of reinforcing social cohesion and the principles of sustainable development.”
Operational Programme Competitiveness, Entrepreneurship and Innovation 2014-2020 (EPAnEK)
The “Competitiveness, Entrepreneurship and Innovation” (EPAnEK) Operational Programme is one of the five sectoral operational programmes of the Partnership and Cooperation Agreement (the new NSRF) for the period 2014-2020, which along with the 13 Regional Operational Programmes, were approved on 18/12/2014 by the European Commission.
EPAnEK covers the whole of Greece and has a 4.67 billion Euros public expenditure budget (3.65 billion Union contribution), out of a 19 billion Euros public expenditure budget (15.3 billion Union contribution) for all Programmes, not including either the budget for the Rural Development and the Fisheries and Marine Programmes, approval of which is to follow, or the budget for other Programmes (Connecting Europe, European Territorial Cooperation, Fund for European Aid to the most Deprived).
The pivotal strategic objective is to enhance the competitiveness and extroversion of enterprises, to facilitate transition to quality entrepreneurship with innovation and the growth of domestic added value as the cutting edge.
The Operational Programme for Competitiveness, Entrepreneurship and Innovation occupies a central position to the Country’s efforts to create a new production model that will lead to development and will strengthen the competitiveness of the Greek economy by leveraging private financing.
The new model brings to the fore productive, competitive and outward-looking sectors of the economy, such as tourism, energy, agri-food, the environment, the supply chain, information and communication technologies, health and the pharmaceutical industry, creative and cultural industries, materials – construction.
Who is eligible for financing from the ESI Funds?
There are many potential recipients who would qualify if they applied, but who are unaware that they are eligible – businesses (especially small businesses), public bodies, associations, and individuals. All projects will be considered provided they meet the selection criteria decided on by the managing authority for the relevant programme. Foreign firms with a base in Europe are also eligible. Under the rules for the 2014-2020 programming period, each EU country must publish up-to-date lists of all those receiving assistance from the ESI Funds.
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