The official evaluation results for the Action "Strengthening the Establishment and Operation of New Tourism Enterprises" have been announced, with the total amount of approvals exceeding €1.55 billion.
More specifically, under the new decision:
The program "Support for the Establishment of New Tourism Enterprises" subsidizes investment projects with a net value ranging from €80,000 to €400,000 for Under-Formation & Newly Established enterprises. The subsidy rate ranges from 45% to 60% of the submitted expenses.
Absolute Success
95.4%
21 Approvals out of our 22 submissions
Total Budget
7,528,067 €
With a secured subsidy of 3,875,613 €
The Investment Centre [Blackbird Group] achieved top-tier performance in one of the most competitive NSRF (ESPA) programs. Detailed view of our 21 Approved Projects:
| Type of Investment | Investment Amount | Subsidy |
|---|---|---|
| Construction of Luxury Tourist Residences: | 400,000.00 € | 200,000.00 € |
| Erection of New Tourist Accommodations: | 400,000.00 € | 200,000.00 € |
| Establishment of a Suite Complex: | 400,000.00 € | 200,000.00 € |
| Creation of Three (3) Tourist Villas with Pools: | 400,000.00 € | 200,000.00 € |
| New Furnished Tourist Accommodations: | 400,000.00 € | 200,000.00 € |
| Erection of Accommodations with Private Pools: | 400,000.00 € | 200,000.00 € |
| Establishment of Boutique Tourist Residences: | 400,000.00 € | 199,999.78 € |
| Construction of Three (3) New Tourist Accommodations: | 400,000.00 € | 199,999.77 € |
| Establishment of Modern Tourist Facilities: | 400,000.00 € | 199,999.77 € |
| Erection of Furnished Tourist Apartments: | 400,000.00 € | 199,999.76 € |
| Creation of Luxury Accommodations with Pools: | 398,395.00 € | 199,197.50 € |
| Construction of Three (3) Independent Furnished Houses: | 391,732.35 € | 195,866.16 € |
| Establishment of Three (3) High-End Tourist Villas: | 383,910.77 € | 191,955.38 € |
| Erection of New Tourist Residences: | 362,938.38 € | 199,999.78 € |
| Creation of Three (3) New Tourist Accommodations: | 360,000.00 € | 199,999.79 € |
| Establishment of a Luxury Suite Complex: | 346,748.26 € | 173,374.13 € |
| Erection of Modern Tourist Accommodations: | 332,999.99 € | 199,799.99 € |
| Establishment of Traditional Tourist Accommodations: | 295,654.72 € | 177,392.82 € |
| Construction of High-Aesthetic Accommodations with Pools: | 153,826.91 € | 76,913.46 € |
| Establishment of a New Tourist Accommodation Unit: | 101,860.95 € | 61,116.57 € |
| Establishment of a Car Rental Office (Rent a Car): | 85,000.00 € | 42,500.00 € |
The relevant decisions have been published and are available: Approval Decision for Transition Regions and Approval Decision for Less Developed Regions.
The Investment Centre, serving as NSRF (ESPA) integration consultants for 16 consecutive years, provides full and comprehensive support, from the initial eligibility check to the development and submission of an excellent business plan that ensures the highest possible scoring.

In the context of this success, we would like to thank all those who collaborated with us in this successful program.
Thank you for your Trust.
New Development Law
Law 4399/2016