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Greek Tourism puts its money where its mouth is

Greek Tourism puts its money where its mouth is

A Greek Tourism program budget to fund small and medium-sized enterprises (SMEs) was initially set at 120 million euros, but due to high demand, that amount was upped to a staggering tripled amount of 400 million euros.

Greek Tourism is contributing over 400 million euros to small and medium-sized enterprises (SMEs) to help boost tourism in the country. Each enterprise deemed eligible may receive anywhere from 25,000 euros to 400,000 euros.

The Greek Economy and Development Ministry evaluated close to 7,300 from enterprises under the “Strengthening the Establishment and Operation of New Small and Medium-size Tourism Enterprises” 2014-2020 funding plan. From that group, a little over 2,500 were classified as eligible to receive funds, and from there, 1,786 are part of the “Competitiveness, Entrepreneurship and Innovation (EPAnEK) operational program of which 741 are part of regional operational programs.

Investments for the enterprises will cover costs for such things as hotel ventures and furnished rooms and apartments, to name a few.

The Deputy Minister of Economy and Development, Stathis Giannakidis, said this program is an important opportunity to utilize public and community resources in developing tourism investments in Greece, which will benefit the country’s economy and provide substantial support for employment.