Factsheet for measure
GR-2023-20/3248
– measures in Greece
Save/renovate my home – for young people
Εξοικονομώ - Ανακαινίζω για νέους
Background information
The Greek government on 11 May 2023, with the Ministerial Decision No 51828/761 (Government Gazette 3131/11.5.2023/ B), announced the "Save - Renovate for young people" programme, which concerns the granting of subsidies and loans to young people for interventions to a) save energy and b) renovate and upgrading their homes. The aim of the action is to save energy in the domestic building sector, reduce pollutant emissions, achieve a cleaner environment, reduce energy costs and comprehensively upgrade homes (energy-functional-aesthetic). Energy saving interventions are financed by the Recovery and Resilience Fund and interventions to renovate and upgrade houses from national funds.
Content of measure
The "Save/ renovate for young people" programme, provided by Ministerial Decision No. 51828/761 and includes two parts:
PART I - Save: granting and interest-free loans for residential energy saving interventions such as: window replacement, thermal insulation, heating-cooling systems, domestic hot water supply systems and smarthome. The maximum eligible budget per beneficiary is €25,000. The grant covers from 45% to 90% of the costs. The remaining amount is covered by an interest-free loan.
PART II · Renovate: granting and interest-free loans for renovation interventions such as: bathroom and kitchen renovation, entrance door replacement, replacement and repair of electrical, plumbing, and flooring. The eligible budget per beneficiary is up to €10,000. The grant covers up to 30% of the amount and the remaining amount is covered by a low-interest loan. For participating in the "Renovate" programme, the interested persons must already be beneficiaries of the "Save" programme.
Beneficiaries are young people aged 18-39, property owners, with a family income of up to €50,000 for their participation in the "Save" and up to €20,000 for their participation in "Renovate". The grant amount depends on the beneficiary's income.
The beneficiaries must submit an application from 18 May 2023 until 15 September 2023.
Use of measure
The programme is expected to enable 20,000 young people wishing to upgrade their energy and renovate their homes.
The total cost of the programme will cover up to €350 million, of which €200 million correspond to the "Save" programme and €150 million to the "Renovate" programme (€50 million for grants and €100 million for subsidising the loans).
Target groups
Actors and funding
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Actors
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Funding
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National government
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European Funds
National funds
National Recovery and Resilience Facility
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement
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No involvement
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
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No involvement
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Main level of involvement: N/A
Involvement
There is no any involvement of social partners
Views and reactions
There are no social partner's reactions to the measure.
Sources
