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Database of national-level policy measures

Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure GR-2023-10/3261 – measures in Greece

Green Transformation of SMEs

Πράσινος Μετασχηματισμός ΜμE

Country Greece , applies nationwide
Time period Open ended, started on 06 March 2023
Context Green Transition, European Semester
Type Other initiatives or policies
Category Supporting businesses to stay afloat
– Direct subsidies (full or partial) or damage compensation
Author Penny Georgiadou (INE GSEE)
Measure added 06 July 2023 (updated 25 April 2024)

Background information

One of the main objectives of the Greek national development policy is to support businesses' adaptation to the the changing international economy. The government promotes efforts to increase sustainability and efficiency in business practices for environmental and economic purposes.

On 6 March 2023 the government launched the "Green Transformation of SMEs" Action.

This initiative, like the similar "Green Productive Investment of SME" Action , encourages investment plans in modern technologies. The initiative aims to upgrade the produced goods and/or services provided by businesses. The government is using this iniative to encourage the use of modern technologies and best practices in the fields of energy upgrading and circular economy.

Content of measure

The 'Green Transformation of SMEs' action, was launched on 6 March 2023 with the Government Decision No 1260. It was later amended by the subsequent Decision No 1558 of 22 March 2023.

The beneficiaries of this measure are small and medium-sized enterprises. Beneficiaries must also:

  • Have at least one year of operation
  • Be active in specific eligible industries
  • Have at least three salaried employees during the previous year

Eligible Expenses for financing include:

  • Buildings, facilities and surroundings
  • Machinery – Equipment (contractual expenses)
  • Equipment (GREEN)
  • Certification of Products - Services - Processes
  • Packaging Design – Labeling – Branding Services
  • Advertising and Extroversion activities Expenses
  • Participation in trade fairs
  • Technical Studies & Consulting Services
  • Means of Transport (GREEN)
  • Salary cost of new employees – (new staff from 1 to 3 " annual work units ")
  • Indirect costs

The funding application opened online on 22 March 2023 and will be open until the budget is exhausted.

The project grant can be from €200,001 up to €1,000,000. The foreseen subsidy rate is up to 40% of the budget.

The total budget for this initiative is €300,000,000

Funding application can only be submitted for one of the actions, either "Green Transformation of SMEs" or "Green Productive Investment of SMEs".

Use of measure

As of 12 June 2023, 1,277 funding applications with a total budget of €713,982,632 corresponding to a public expenditure of €326,690,032 have been submitted to the 'Green Transformation of SMEs' action.

On 29 December 2023 the total approved projects under the 'Green Transformation of SMEs' Action amount to 453, with a total public expenditure of €115,469,807

Target groups

Workers Businesses Citizens
Does not apply to workers SMEs
Does not apply to citizens

Actors and funding

Actors Funding
National government
European Funds
National funds
National Recovery and Resilience Facility

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role No involvement No involvement
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: N/A


There is no any involvement of social partners.

Views and reactions

There are no social partner's reactions to the measure.


  • 06 March 2023: Aπόφαση Νο: 1260/6-3-2023πρόγραμμα «Πράσινος Μετασχηματισμός ΜμΕ (
  • 22 March 2023: Απόφαση Νο1558/22-3-2023 Τροποποίηση της πρόσκλησης (
  • 12 June 2023: Συνολικά 5.704 αιτήσεις χρηματοδότησης για "Πράσινη Παραγωγική Επενδυση ΜμΕ" και "Πράσινο Μετασχηματισμό ΜΜ (
  • 29 December 2023: Τέταρτη (4η) Απόφαση Έγκρισης Αποτελεσμάτων Αξιολόγησης - «Πράσινος Μετασχηματισμός ΜμΕ» 2021 – 2027 (


Eurofound (2023), Green Transformation of SMEs, measure GR-2023-10/3261 (measures in Greece), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.