Βusiness Support Mechanism of the Region of Western Greece

The Entrepreneurship Support Mechanism, an important initiative to support entrepreneurship and of the local economy will be put into operation in the near future, after the signing of the contract by the Regional Governor of Western Greece Nectarios Farmakis and the contractor of the project. The purpose of the Mechanism is the development of companies in the Regional Units of Etoloakarnania, Achaia and Ilia, the improvement of their operation, their access to new markets, as well as the provision specialist advisory support to enhance their competitiveness and extroversion their.

At this time, the preparation of the building facilities of the Mechanism is underway, which will operate in Patras, Agrinio and Pyrgos and will welcome the interested companies of Region of Western Greece as well as the development of its basic operating tools (database business portal, information material, business support material, etc.). The operation of the Mechanism is co-financed by the NSRF through the RDP of Western Greece. Carrier implementation (beneficiary) is the Regional Development Fund of the Region of Western Greece. The contractor of the project is the association of legal entities ICAP Advisory, Headway Ltd. and Specialist Research Funds Account of the University of Peloponnese.

Results of the 1st conjunctural survey

The 1st survey to monitor the situation by the Entrepreneurship Support Mechanism has been completed. The research focuses on the analysis of the estimates of the companies of the Region of Western Greece regarding the course of their activity in the 2nd quarter of the year 2021, as well as their expectations for the next Semester. The gradual restart of the Greek economy seems to have affected estimates and business expectations, which in general evoke a sense of restraint optimism.

Due to the highly volatile economic climate, the largest percentage of companies in the sample made organizational and operational changes in order to meet the new conditions that created the pandemic.

Suspension of employment contracts is the most popular practice among participants followed from the elasticity of working hours while only 2.7% of the companies in the sample stated that digitally upgraded or expanded into e-commerce. 7 out of 10 companies took advantage of some of the state's measures to support businesses across the country unfavorable conditions caused by the pandemic, with the most popular response being the receipt of aid through the Refundable Advance Payment Schedule.

See the results of the study here

Business support actions of the Region of Western Greece

Providing liquidity to Businesses in Western Greece affected by the pandemic. Under the Action, non-repayable financial support is granted to its eligible companies in the form of working capital to address the negative effects of the COVID pandemic; 19. Public funding covers working capital equal to:

• 500 € for the category Business A
• 1000 € for Business category B1
• € 3,000 for Business category B2
• € 5,000 for Business category B3

Applications are submitted through the State Aid Information System (PSE) by 9/08/2021 until 25/9/2021. The total Public Expenditure of the invitation amounts to 20,000,000 euros and is financed from its resources. European Regional Development Fund (ERDF) under the OP "Western Greece" 2014-2020 "

e-Retail (B 'cycle) The submission of applications for the 2nd Cycle of the "e-Retail" Action started on 09/7/2021.

The Action subsidizes costs of up to € 5,000 for the creation or upgrade of an electronic e-shop of retail companies. Beneficiaries of the action are medium, small and very small companies operating in the retail sector (main KAD or KAD with the highest income), maintain a physical store and their operation has been suspended for at least one day from Wednesday 18 March 2020 onwards.

The date of electronic submission of applications ends on 9/29/2021 at 15.00. For more information see here .