Industrial parks to be upgraded, subsidy deadline extended

The government yesterday announced a major step in advancing the country’s industrial infrastructure, saying it will spend 173 million euros to upgrade 27 industrial parks, and the creation of three new ones of nationwide significance and 16 for smaller manufacturing operators. «It is a very important day for the country’s regional development. More than 10,000 enterprises will be set up, installed or relocated in the coming years,» said Development Minister Dimitris Sioufas. The projected cost will include 80 million euros in EU subsidies and will be complemented with a further 150 million euros of private investment. Separately, the Development Ministry has extended to September 16 the deadline for the submission of applications for EU-subsidized investment projects by small and very small manufacturing enterprises, under the Competitiveness Program. The sub-program aims at the technological and organizational upgrade of such firms, including investment in fixed capital and quality control systems on the basis of two-year plans. It is addressed at companies in operation for at least three years, employing less than 50 staff members and with an annual budget of 10 million euros in the last two years. The projects for which subsidy applications can be submitted will have to be budgeted at 25,500 euros minimum and 1 million euros maximum. Interested firms may contact Elanet, the agency implementing the program, at 4 Valaoritou, tel 210.362.0242,

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