Recovery and Resilience Facility (RRF)

Green transition

Secure financing for investments in projects and initiatives that promote the green goals (green tagging) of the National Recovery and Resilience Plan: 

• Green skills
• Biodiversity
• Energy efficiency and building renovation
• Circular economy
• New job creation
• Energy security preservation
• Promotion of sustainable development |

Note that the budget for green transition expenditures must be at least 20% of the total eligible expenditures of your investment.

Digital transformation

Secure financing for investments that promote the digital transformation of your business and achieve the digital goals (digital tagging) of the National Recovery and Resilience Plan:

• Digitisation of SMEs
• Digitisation of services offered by SMEs and large enterprises
• Digital and data infrastructure
• Cooperative clusters (e.g. digital platforms)
• Digital innovation and open digital solution hubs

Note that the budget for digital transformation expenditures must be at least 10% of the total eligible expenditures of your investment.

Innovation, research and development 

The programme resources can be used towards investment plans that support innovation, research and development. 

However, their budget must correspond to at least 10% of the total eligible expenditures of your investment and your plan must cover at least 1 innovation or R&D indicator. For example:

• Marked improvement of the products / services you provide or the production, marketing and application methods you use.
• Invention of a new product / new service.
• Financing of PhD candidates in science, technology, engineering and mathematics (STEM) from your investment.
• Share of export sales for products falling within eligible activity codes (NACE), such as production of pharmaceuticals, software versions, computer manufacturing, etc.

Partnerships, mergers and acquisitions

Use the programme resources for existing or new partnerships with other enterprises. As long as: 

1. You commit to participate in the existing or new partnership scheme for 5 years.
2. At least 20% of the eligible expenditures of the investment plan relate to expenditures for directly achieving the partnership goals.
3. The average total turnover (over the previous 3 years) of the partners is at least 50% higher than the turnover of the partner with the highest turnover. 

Moreover, you can finance investments for establishing a new entity following acquisition or merger. As long as:

1. The new entity following acquisition or merger was formed after 30.09.2021.
2. The average total turnover (over the previous 3 years) of the participants in the new entity is at least 50% higher than the turnover of the participant with the highest turnover (at group level). 

The financing does not include the enterprise acquisition consideration. 

Promoting outreach and exports

The investments that enhance the outreach of your business are also eligible for financing under the RRF. As long as: 

• At 15% of your turnover relates to exports, based on your financials for the previous 3 years or your trade transactions abroad through the financial system.

or

• At least 15% of the total income forecasted for your business derives from exports related to your investment, according to a relevant sustainability study. 

Your investments in the tourism industry are also eligible. These include investments in tourist accommodations (simple and compound) and complexes that include at least 5 individual tourist dwellings. 

40% of the eligible budget is financed independently through an RRF loan. 

If you don’t meet the percentages of one category 

If your investment does not meet the minimum percentages per category, it may be eligible for standalone financing for 30% of its eligible budget through an RRF loan.

As long as the green transition, digital transformation, outreach, and innovation and R&D expenditures add up to 30% of your investment’s total eligible budget. 

Excluded investments

Examples of investments excluded from financing under the RRF include:

• Activities prohibited by international / European / national law. 
• Incinerators for waste treatment.
• Mechanical-Biological treatment plants (with some exceptions).
• Landfills (with some exceptions).
• Fossil fuels, including later use (with some exceptions)
• Real estate development – except in the case the properties fall under one of the five pillars of the loan programme.
• Tobacco-related products and activities.
• Gambling. 

Through an RRF loan

Up to 50% of the eligible budget of your investment plan is financed by a loan from the Recovery and Resilience Facility (RRF). 

The percentage of the financing you can get through an RRF loan depends on the type of investment you want to implement:

• Green transition, digital transformation and innovation and R&D projects – 30% to 50%% of the eligible budget. 
• Existing partnerships – 30% of the eligible budget.
• Establishing a new entity (acquisition or merger) – 40% of the eligible budget.
• Investments in enhancing outreach for your business (outside the tourism industry) – 30% to 50% of the eligible budget.
• Investments in the tourism industry – independent financing 40% of the eligible budget.
• Investments not meeting the minimum percentages per category but their green transition, digital, outreach, innovation and R&D expenditures add up to 30% of the total eligible budget – standalone financing, 30% of the eligible budget.

Find out more about the features of the RRF and Eurobank loans.

Through a Eurobank loan

At least 30% of the eligible budget of your investment plan is financed by a Eurobank (co-financing) loan.

For this loan, Eurobank may partner with other banks that participate in the RRF. 

Through own funds 

At least 20% of the eligible budget of your investment plan must be covered with own funds.

Eligible expenditures 

With the RRF and co-financing loans you can cover the expenditures of investments implemented within Greece in: 

• Purchase, use (depreciation / subscriptions) and land development – up to 30% of your investment plan.
• Buildings – purchase, use (depreciations / leasing) and construction.
• Equipment – purchase, construction and use (depreciations / leasing).
• Intangible assets – purchase, construction and use (amortisation / subscriptions).
• Means of transport – purchase and use (depreciations / leasing). 
• Expense reports, travel expenses and payroll linked to your investment plan. 
• Operating expenses and consumables (communications, energy, maintenance, rent, administration expenses, insurance, etc.) and third-party services. 
• Capital costs. 
• Working capital (e.g. operating expenses and transaction cycle expenses, VAT, etc.) and promotion and communication expenses – up to 30% of your investment plan in total.

Have a look at all the eligible investment categories for the RRF. 

Fixed interest rate for the RRF loan

The interest rate of the RRF loan is determined by ministerial decision. It is fixed throughout the term of the loan. 

Currently, the minimum interest rate is 0.35%. 

If you are receiving other state aid for the investment you are financing through an RRF loan, the minimum interest rate may be readjusted.

3- to 15-year term 

The term of the RRF loan is between 3 and 15 years, depending on the type of investment.

The term is the same or shorter than the term of the co-financing loan. 

Lump-sum or tranche disbursement 

The RRF and co-financing loans are disbursed at the same time. Depending on the type of investment you wish to finance, they are disbursed in a lump sum or in tranches. 

IMPORTANT NOTE: The RRF agreement must be signed by 30.08.2026. 

Grace period 

The grace period for the RRF and co-financing loans is up to 3 years from the first disbursement.

As an exception, the grace period can be extended by up to 5 years if necessary due to the investment type and needs. 

Collaterals 

You can offer in rem and personal guarantees against the RRF loan. The co-financing loan is equally secured against the same guarantees, pari passu. 

Loan repayment 

You repay the RRF loan proportionally to the co-financing loan, according to the pari passu principle.

Call and supporting documents 

In our call for the Recovery and Resilience Facility (RRF), you can find out more about: 

• The step-by-step process for financing your investment. 
• The supporting documents required for your application. 

Have a look at our call for the programme and the supporting documents required for your application.

Submission of investment dossier

The first step for securing financing under the RRF is to submit your investment dossier.

In our call for the programme you can find out how to submit your investment dossier.

Financing approval 

Once we carry out the initial audit of your investment dossier, you submit some additional supporting documents so we can check the possibility of financing your investment plan through loans from the RRF and Eurobank (co-financing loan). 

Provided the outcome of the evaluation is a positive one, we inform you about the loan terms and the financing scheme we approve as a starting point for your investment. 

• Percentage of the RRF and Eurobank (co-financing) loans 
• Percentage of own funds 
• Loan amount and term 
• Interest rate and interest payment period 
• Grace period, if applicable, etc. 

Find out how your investment can be financed.

Investment eligibility check 

Following the first approval of your financing, we choose an independent assessor and provide them the details of your investment.

The independent assessor: 

• Checks investment compliance with the DNSH (Do No Significant Harm) principle. 
• Determines the eligible budget of the investment. 
• Calculates the percentage of expenditures for green transition, digital transformation, etc. that corresponds to the eligible investment budget.
• Checks the state aid ceiling for the investment.

The assessor prepares their own report and informs you and us about the findings. If they are not aligned with the first financing approval, we re-evaluate the details of your investment.

Confirmation of financing approval 

Provided the independent assessor’s reports is a positive one, the method of financing the eligible budget of your investment is confirmed. 

Disbursement and investment implementation 

Following the final approval, we proceed to draft the agreement for the disbursement of your loans.

It takes approximately 8 to 12 weeks from submission of your investment dossier until disbursement of your financing (the time for disbursement and implementation may be extended depending on the degree of difficulty of the investment).

Yes, you can combine the RRF loan resources with other state aids to finance your investment plan.

However, you must not exceed the maximum state aid you can get for your investment through your participation in different programmes.

You can apply for financing for the ineligible expenditures of your investment to us, at the same time.

Have a look at all the eligible investment categories for the RRF. 

It takes approximately 8 to 12 weeks from submission of your investment dossier until disbursement of your financing (the time for disbursement and implementation may be extended depending on the degree of difficulty of the investment).

Have a look at the step-by-step process of financing your investment.