| NBG EaSI | |||
| Name of responsible organization: Private Bank & Financial Stability Fund (FSF) & European Investment Bank (EIF) | |||
| Website: www.NBG.gr | |||
| NATIONAL OR LOCAL | National | ||
| Starting year (of measure) | 2014 | End year | 2022 |
| The Employment and Social Innovation (EaSI) programme is a financing instrument at EU level to promote a high level of quality and sustainable employment, guaranteeing adequate and decent social protection, combating social exclusion and poverty and improving working conditions. Two systemic Banks in Greece (NBG & PIRAEUS) still provide the EaSI funding solution. NBG provides 5.000 to 25.000€, IR 6,45 – 8,60%, duration up to 5 years and payout up to 1 year after. No collateral. For the period 2021 – 2027 the EaSI programme will become a strand under the European Social Fund Plus (ESF+). |
What kind of activity does this measure finance?
| Creation of new businesses | Yes |
| Strengthening of existing businesses | Yes |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | Yes – HR costs, Space rent, Marketing, Promotion, purchase of Equipment, raw materials or goods for commerce. |
| Training activities | No |
| Other (specify) | No |
What type of financing is it?
Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | 25.000€, IR 6,45-8,60%, duration up to 5 years. No collaterals |
| Non-repayable grant (indicate the percentage of non-repayable fund) | No |
| Tax credit | Yes/No |
| Other (specify) | No |
How does the activation of the measure work?
Visit the Bank.
Financial entity of the measure (indicate the resources allocated)
| Overall amount | N/A |
| % facilitation for each recipient | Ν/Α |
| Minimum amount that can be financed | 5.000€ |
| Maximum amount that can be financed | 25.000€ |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | European Investment Fund (EIF) |
Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)
| Female | Over 50 | Unemployed (specify any type) | Disadvantaged groups (specify type) | Youth (specify age range) | Other (specify) | |
| Individual | ||||||
| Company |
Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | NO |
| Only Financial support | YES |
Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | Yes, therefore for the period 2021 – 2027 the EaSI programme will become a strand under the European Social Fund Plus (ESF+) |
How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives: N/A information | Total economic amount: N/A information |
