Competitiveness Programme 2021-2027

The Competitiveness 2021-2027 Programme is an integrated intervention for the productive, competitive and outward-looking sectors of the economy in their transition to a knowledge-driven growth model, largely reflecting the country’s growth priorities and in line with the new Commission priorities. The Programme is the implementation tool of the National Strategy for Smart Specialisation (NSIS) that links research and innovation with entrepreneurship and the strengthening of national and regional advantages. It is also in line with the European Union’s policies for the digital and green transformation of the Greek economy. Integrated support initiatives will be designed to cover the full range of business needs in terms of information, strengthening partnerships, developing new business models and finding technological, human and investment resources.

In the long term, the aim of the Programme is to increase the size of Greek enterprises and strengthen their outward orientation so that they become a key driver of growth of the Greek economy.

The Competitiveness Programme 2021-2027 strategy is complementary to the REACT-EU interventions that finance short-term measures in the labour market, health and support for MSEs with liquidity and solvency support, investments in green and digital transition and the Recovery and Resilience Facility (RRF) which finances reforms and long-term investments for the productivity and resilience of the economy. In total, the Competitiveness Programme 2021-2027, with a financial envelope of around 3.9 billion. € Public expenditure, of which 3.1 billion. € from Community resources from the ERDF and ESF+ funds sets priorities for strengthening the productive potential of the economy and the related human skills. With a strong developmental footprint through high value-added actions and projects and with multiplier benefits for both society and the economy, the projects/actions of the Competitiveness 2021-2027 Programme are expected to contribute substantially to closing the structural gaps of the Greek economy.

The strategy of the Competitiveness Programme 2021-2027 is organised around four main investment axes within the respective Funds:

 

The Programme Actions are expected to produce the following results:

  • Accelerating the transition to quality innovative entrepreneurship
  • Supporting productive investment with a focus on innovation, technological adaptation, digital transformation and the shift to environmentally friendly processes and products
  • Developing the production of internationally tradable products and services
  • Supporting new/start-up entrepreneurship of high added value
  • Upgrading and qualitative modernisation of the tourism product
  • Supporting the development/adoption of innovations
  • Business support services and the creation of an enabling business environment
  • Accelerating the country’s green and digital transition and technological development

 

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