Operational Programme EPAneK - 2014-2020

EPAnEK 2014-2020 logotype

The GREEK ESCAPES SINGLE MEMBER PRIVATE COMPANY based in South Aegean region, has joined the Action “Supporting the Establishment and Operation of New SMEs in the tourism sector” with a total budget of 689 million € (500,6 million € from EPAnEK and 188,4 million € from Regional Operational Programmes). The Action aims at supporting tourism entrepreneurship by establishing new very small, small and medium - sized enterprises in the tourism sector.

The investment’s total budget is 399.989,82€ out of which 199.994,91€ is public expenditure. The Action is cofinanced by Greece and the European Union - European Regional Development Fund.

The approved subsidised Business Plan includes expenditures on the following categories:
  • Buildings, other facilities and surrounding area
  • Machinery, installations and environmental protection equipment along with energy and water saving equipment.
  • Promotion - Participation in exhibitions
  • Technical engineering studies and tax and legal advisory services
  • Preparation and monitoring the implementation of the Investment Plan
Through the participation in the Action, the enterprise achieved:
  • Competitiveness improvement
  • Increase of profitability
  • Reinforcing an extrovert business profile
  • Market expenditure by adopting new products and services
  • Creating better quality products and services
  • Increasing productivity and improvement of operational procedures
  • Reinforcing entrepreneurship
  • Creating / maintaining job positions
The support of EPAnEK proved beneficial, not only for the enterprise but for the competitiveness of the national as well as the local economy.