Build in Europe. Get 50–70% Funded.

EU Just Transition Fund · Greece

A €1 billion EU incentive programme is allocating non-repayable grants to companies establishing or expanding manufacturing facilities in Greece. The application window is open now.

⚠️ Programme window closing — 2026 application cycle in progress

The Numbers


€1B+	Total EU investment allocated to Greece
50–70%	Of CAPEX covered by non-repayable grants
€500K–€45M	Eligible project size range
2	Qualifying regions in Greece

The Opportunity

The Greek Just Transition Fund — part of the EU's Green Deal — has allocated over €1 billion to transform former lignite regions into new industrial hubs. Companies of any size, from SMEs to large enterprises, can access non-repayable grants covering 50–70% of their capital expenditure for qualifying manufacturing investments.

Eligible expenses include buildings and construction, machinery and equipment, electric transport vehicles, software licences (up to 15% of budget), and intellectual property or technology transfer (up to 5% of budget). The programme is not a loan — it is a grant. It does not need to be repaid.

Navigating the application successfully requires understanding how proposals are evaluated, how to structure your financial commitment, and what evaluators weight most heavily. That is where we come in.

We work with a small number of clients at a time. We do not publish our methodology. What we do: assess your fit, build your case, and guide you through.

Two Regions. Two Industrial Profiles.

The grant programme covers two specific geographies in Greece. Each has a distinct industrial focus and competitive advantages.

Kozani — Western Macedonia

Energy & Advanced Manufacturing

Former energy powerhouse of Greece. Massive high-voltage grid infrastructure from decommissioned lignite plants — uniquely capable of powering next-generation industrial technology.

Primary focus sectors:

Hydrogen production and fuel cell manufacturing
Battery storage and electrolysis technology
Advanced nuclear and clean energy components
Automotive and e-mobility components
High-voltage industrial manufacturing

Megalopolis — Peloponnese

Bioeconomy & Digital

Positioned as an entrepreneurship hub. Ideal for SMEs and high-innovation companies accessing the 70% subsidy tier.

Primary focus sectors:

Food processing and precision fermentation
Circular economy and biorefinery
Data centre and digital infrastructure manufacturing
Health and medical technology
Agri-food innovation and side-stream upcycling

Subsidy Structure

Enterprise type	Project size	Subsidy rate
SME	€500K – €12M	70% of CAPEX
Large enterprise	€5M – €45M	50% of CAPEX

Employment creation is the primary evaluation criterion. Proposals that demonstrate a credible job creation plan — particularly in technical and skilled roles — are evaluated more favourably.

Eligible CAPEX categories:

Buildings, construction, and surrounding areas
Machinery, production equipment, and installations
Electric transport vehicles
Software licences (up to 15% of total budget)
Intellectual property, patents, technology transfer (up to 5% of total budget)

Not eligible: maintenance of existing equipment, leased equipment, consumables, operating expenses.

Do I Qualify?

Answer these four questions. Three or more "yes" answers means your project is worth a conversation.

01 — Are you planning or actively raising capital for a new manufacturing or industrial facility? This includes new builds, expansions, relocations, and first-of-a-kind production sites.

02 — Is your planned investment between €500,000 and €45 million? SMEs qualify for 70% subsidies up to €12M. Large enterprises qualify for 50% subsidies up to €45M.

03 — Does your sector involve clean energy, bioeconomy, food processing, advanced manufacturing, automotive, or digital technology? These are the primary qualifying sectors under the Territorial Just Transition Plans.

04 — Could your investment create new employment in Greece over a 3–5 year horizon? Job creation is the primary evaluation criterion. Even 5–10 new positions materially strengthens a proposal.

If you answered yes to 3 or more: your project is worth a confidential conversation. The programme is competitive — proposals that are correctly structured from the start have a significantly higher success rate.

Who Does This

Nick Karakoidas MSc Warwick · MSc Electrical Engineering · Ex-Deloitte · PMP · PMI ·

Ex-Deloitte — consultant in strategy, M&A, and business planning across banking, capital markets, and industrial sectors. The same analytical rigour that evaluated €22M acquisitions and €10M SaaS exits is now applied to a different kind of capital deployment: helping manufacturing companies access the EU's most generous industrial incentive programme.

linkedin.com/in/karakoidas →

Adam Pavlopoulos BA Political Science — Panteion University MSc Organisational & Economic Psychology • 50+ EU Co-Funded Research Projects • 20+ years in project management, proposal development and multidisciplinary coordination across public and private sectors.

Specialist in AI applications, business intelligence systems, digital platform development and regulatory-aligned decision-support technology. Deep expertise in energy efficiency, marine energy systems, and economic valuation for environmental impact and decarbonisation. Participated in 30+ competitive EU innovation programmes, delivering research-driven strategy with institutional and investor-level rigor.

This service operates discreetly. We do not publish client names, programme mechanics, or proposal strategies. Conversations are confidential from first contact.

Let's Talk About Your Project

Tell us what you're planning to build. We'll tell you honestly whether it fits — and if it does, how to approach it. No obligation. Strict confidentiality.

To start a conversation: 📧 nick@artivanced.com 🌐 artivanced.com/industrial-grants

All project details shared with Artivanced are treated as strictly confidential.