Do you want to invest in your business but do not know how to secure the funding you need?

Are you thinking of creating a new business? Expanding the one you have? Buying machinery, modernising your premises or developing a new activity?

You may already have an investment plan, but important questions concern you:

• Is there an ESPA, LEADER or Development Law programme that funds my investment?
• Can I get a subsidy to create a new business?
• How much money can a programme cover and how much will I have to put in myself?
• Does my business meet the participation conditions?
• Why was my previous application rejected, or why can I not be admitted?
• Can I combine a grant with bank borrowing?
• What must I do before starting the investment so as not to lose the chance of funding?

You do not need to know on your own all the available programmes and their conditions. You need to know which funding option can really serve your own investment plan.

At EPITEFXI – CHRONAKIS DIMITRIOS we start from what you want to create or develop.

We examine your investment, assess the financial possibilities and the participation conditions, and look for the right funding instruments.

Then we take on the preparation of the investment file, the submission of the application and, according to the scope of our collaboration, support for the implementation and completion of the project.

We are not simply looking for a programme that gives money. We are looking for the funding solution that can help your business grow with sound financial planning.

1. You have an investment idea but do not know whether a programme exists to fund it?

Do you want to open a business, set up a workshop, expand a production unit, develop a tourism activity or modernise your equipment?

Perhaps you have heard of a subsidy programme but do not know whether it concerns your activity.

Before you adapt your investment to a subsidy, we need to examine whether the subsidy really fits your investment.

We assess the subject of your activity, the place of implementation, the size of the business, the investment budget and your goals.

We examine available and upcoming funding options through ESPA, CLLD/LEADER, the Development Law, DYPA and other national or European programmes.

We inform you about the main conditions, the aid rates, the eligible expenses, the deadlines and the obligations that participation may create.

Our aim is for you to know what options exist before you spend time and money on an application.

2. You do not know whether your business meets the conditions for a grant?

You may have found a programme that looks suitable but are not sure whether your business can take part.

Is your KAD eligible?

Do you meet the business size criteria?

Is the area where you want to make the investment suitable?

Do you have the required financial data and the necessary own contribution?

A subsidy is not judged only by the type of investment. It is also judged by the conditions the beneficiary must meet.

At EPITEFXI we carry out a preliminary eligibility assessment, examining, depending on the call:

• The legal form and size of the business.
• The Activity Codes (KAD).
• The area and place of implementation.
• The time of establishment and operation.
• The financial data of previous years.
• Employment and related obligations.
• The financial capacity to carry out the investment.
• The eligible expenses and the restrictions of the programme.

Before you proceed with an application, we want you to know whether you meet the basic conditions and which issues need particular attention.

3. Do you want to join a programme, but your business's financial data does not allow it?

Have you missed a grant opportunity because your business did not have the right financial data?

Perhaps turnover, profitability, equity, liquidity or other financial indicators did not meet the programme's requirements?

Perhaps you did not have sufficient financial documentation or could not demonstrate the ability to fund the investment?

Do not wait for the next call to discover the same problem again.

At EPITEFXI we can take on the accounting, tax and financial support of your business, so that we organise its financial operation and plan its preparation for future funding.

We examine the financial data of previous years, identify the factors that limit funding capacity and set realistic financial targets.

We follow the course of the results and propose lawful, well-documented interventions to improve the business's financial position.

Keeping accounting and tax books properly is not only an obligation. It is also the basis for reliable financial information and better preparation for future investments.

We cannot arbitrarily alter the financial results of previous years, nor can we guarantee that a business will become eligible.

But we can help you identify what needs to improve and organise the next steps in good time.

The funding you want tomorrow may need financial preparation starting today.

4. You found a programme. How will you know whether the investment is really worth it?

A subsidy may cover a significant part of the investment cost.

But that does not necessarily mean the investment is financially worthwhile or viable.

Will the business be able to cover the remaining cost?

How much will operating costs rise?

Will new staff, maintenance or financing obligations arise?

When can the investment start to pay off?

Before you decide to invest because a subsidy exists, you need to examine whether the investment really serves your business.

We prepare business plans, financial forecasts, viability studies and investment cost analyses.

We examine expected sales, operating expenses, cash flows and funding needs.

We assess alternative scenarios and the main financial risks.

Because a subsidy is a financing instrument. The real goal is an investment that can create value and profitability.

5. How much money will you need to put in yourself, and when will you need it?

One of the most common questions is:

“If the subsidy is approved, will I have to pay for the investment first out of my own money?”

The answer depends on the programme's terms, the way the aid is paid out and the financing structure of the project.

In many cases you need to secure own contribution or temporary financing of expenses before you receive the corresponding grant.

At EPITEFXI we examine the total budget, eligible and non-eligible expenses, VAT where applicable, the own contribution and the possible need for borrowing.

Where required, we prepare a financing plan and cash-flow forecasts.

We want you to know not only how much subsidy you can receive, but also whether you can fund the investment until it is completed.

6. Do you want to submit an application but the procedures and supporting documents worry you?

Have you found that the call requires financial data, technical descriptions, quotations, permits, solemn declarations and many more documents?

Do you not know which documents are needed, who must issue them or how the file should be organised?

Proper preparation does not start on the last day of the deadline.

At EPITEFXI, depending on the programme and the scope of our collaboration, we take on:

• The study of the call and the participation terms.
• The eligibility check of the applicant and the investment.
• The identification and documentation of the investment expenses.
• The preparation of the business plan and the financial forecasts.
• The organisation of the required supporting documents.
• Coordination with engineers, suppliers and other specialists.
• The drafting and submission of the application in the competent information system.
• Following the evaluation and supporting responses to requests for additional information.

Our aim is for a complete, coherent and well-documented investment file to be submitted, in line with the requirements of each call.

7. Your investment was approved. How will it be implemented properly so you can collect the grant?

The approval of an application does not mean the funding has already been paid.

After approval come procedures for implementation, expense monitoring, payments, checks and certification.

You may have to meet specific timetables, submit verification requests or prove that expenses were incurred in line with the programme's rules.

At EPITEFXI we provide, according to the agreed assignment, support in implementing the investment plan.

We follow the financial progress, eligible expenses, required documents, payments and deadlines.

We prepare amendment, verification or payment requests where provided, and support responses to administrative or on-site checks.

Because an investment is not completed with approval. It is completed when it is properly implemented and the required obligations are fulfilled.

8. You need funding, but there is no suitable subsidy programme?

Not every business need is suitable for grant financing.

Perhaps you need working capital, equipment financing or an investment loan.

Perhaps the programme you are interested in is not open or does not cover your activity.

Not every business plan of yours has to depend on the announcement of a subsidy.

We also examine other available funding options, such as bank borrowing, financial instruments of the Hellenic Development Bank, guarantee schemes and other suitable forms of financing.

We assess the cost, the repayment obligations and their effect on liquidity.

Where required, we prepare business plans, financial forecasts and data that can support the examination of a funding request.

Our aim is for you to assess the funding that can meet the needs and financial capacity of your business.

9. Do you want to prepare for the next programme before it is announced?

Today there may be no open call that covers your investment.

But that does not mean you should wait without preparing.

You may need to organise the business's financial data better, look into the licensing of the premises, define the investment budget or gather the necessary documents.

Early preparation can save you valuable time when the right opportunity arises.

At EPITEFXI we can assess your planned investment, identify key outstanding issues and organise the preparatory actions that are allowed before an application is submitted.

We follow funding calls and pre-announcements, so that we can examine in good time the opportunities related to your goals.

You do not need to wait for a programme to open to start planning your investment properly.

Which funding options do we examine?

Depending on the activity, the area, the size of the business and the subject of the investment, we examine for example:

ESPA – National and Regional Programmes

Grants for setting up new businesses, growing existing ones, production modernisation, innovation, digital upgrade, export orientation and other eligible investments.

CLLD / LEADER

Funding options for eligible investments in rural and other areas where local programmes apply, depending on the call, the activity and the place of implementation.

Development Law

Aid schemes for investment plans, based on the terms in force, the eligible activities and the forms of aid provided.

DYPA – Entrepreneurship & Employment

Programmes supporting new entrepreneurship and subsidised employment, where provided and if the conditions are met.

Rural Development & the Agri-food Sector

Investment interventions for eligible farms, processing, agri-food activities and other related investments, in cooperation with suitable specialists where required.

Bank Financing & Financial Instruments

Investment loans, working capital, guarantee instruments and other available financing solutions.

The existence of a funding category does not mean there is always an open programme or that every business is eligible. Each case is examined on the basis of the terms in force.

How does our collaboration start?

First we examine your investment. Then we look for the right funding.

1. You explain what you want to carry out.

You describe your business idea, the investment you are planning, the place of implementation and your basic financial capacity.

You do not need to know which programme to choose.

2. We assess the investment and your eligibility.

We examine the activity, the financial data, the funding needs and the basic conditions of the available programmes.

3. We present the options and the requirements.

We inform you about the possible funding options, the obligations, the required actions and the main risks.

4. We prepare and submit the investment file.

If we agree to work together and a suitable call exists, we organise the supporting documents, the business plan and the funding application.

5. We support implementation and completion.

When the collaboration includes managing the approved project, we follow the financial implementation, the required procedures and the payment requests until the agreed work is completed.

Why choose EPITEFXI?

Because funding is not just an application. It is part of your business planning.

At EPITEFXI – CHRONAKIS DIMITRIOS we combine knowledge of funding programmes with accounting, taxation, financial analysis and business planning.

What is the difference from financial preparation for funding?

Here we examine specific funding sources and the process of joining or making use of them. If your business first needs a systematic improvement of its real financial operation and organisation, see also the service «Financial Preparation of Businesses for Funding».