Project Overview
Budget: €99,999,812.50 (including VAT)
Implementation Timeline: Until 31 December 2025
Funding: Recovery and Resilience Facility (RRF)
Description
The “New Industrial Parks” initiative provides financial support through the Recovery and Resilience Facility (RRF) for:
- The establishment of new-generation industrial park facilities.
- The expansion of existing industrial parks to align with the strategic needs of modern Industry 4.0 standards.
- The transformation of informal industrial clusters into technologically advanced, environmentally sustainable, and innovative industrial parks.
This programme supports the advancement of Industry 4.0 in Greece and aims to enhance the competitiveness of Greek industry. It is expected to contribute positively to the European Union’s climate and environmental goals and promote the circular economy.
The programme focuses on funding investments in the following areas:
- Infrastructure for the development of new generation “smart” industrial zones (including land acquisition, subject to eligibility criteria set out in the program call).
- Infrastructure supporting the use of renewable energy sources.
- Infrastructure for sustainable water resource management.
- Infrastructure for sustainable waste management, especially for liquid waste, and infrastructure supporting e-mobility.
Eligible beneficiaries include entities responsible for the development and management of industrial zones. The total public funding amounts to €100 million, provided as a grant through the Recovery and Resilience Facility (RRF), with an equivalent amount expected from private sector contributions. Project implementation is scheduled for completion by the end of 2025.
The programme aims to support the development of new and the expansion of existing industrial parks, as well as the formalization of informal industrial clusters, by adopting green and digital transition criteria in manufacturing activities and redefining the role of industrial areas.
It also foresees the creation, upgrade, and rehabilitation of industrial parks across Greece, alongside the enhancement of the ThessINTEC initiative.
The implementation of investment projects under this program is expected to have a positive impact on employment through the creation of a significant number of new jobs, as well as on the competitiveness of companies already operating within existing parks.
This project is part of the National Recovery and Resilience Plan “Greece 2.0” and is funded by the European Union – NextGenerationEU.
Project Progress
The project consists of two (2) Sub-Projects:
- Sub-Project 1: “New Industrial Parks” with a total budget of €66,031,796.60 (including VAT).
- Sub-Project 2: “Development of ThessINTEC Business Parks” with a budget of €33,968,015.90 (including VAT).
Currently, Sub-Project 1 is implementing investment plans for nine (9) Industrial Parks (Section 1) and the investment plans of HEDNO (Hellenic Electricity Distribution Network Operator) under Section 2. Sub-Project 2 is being implemented by the contractor ThessINTEC S.A.
