Wine: Investments in businesses in the sector – What’s in store

Until November 24, 2023, interested businesses in the wine sector can submit an online application for their participation in investment programs, with an emphasis on those aimed at increasing the market share of certified wines.

Beneficiaries are wine-producing companies or professional organizations, wine-producing organizations, associations of wine-producing organizations, temporary or permanent associations of two or more wine producers that produce and market wine products, as well as wine-growing companies that vinify their production with external partners but carry out the themselves the sale of their wine products.

The terms, conditions and procedures for the implementation of interventions Π2-58.2 “Investments in tangible and intangible assets in winemaking infrastructure” and Π2-58.6 “Investments in tangible and intangible assets with the aim of strengthening the sustainability of wine production” which concern the wine sector, according to the Strategic Plan of the Common Agricultural Policy (SS CAP) of the period 2023-2027, were determined by a decision published in the Government Gazette.

See the GAZETTE in detail HERE

In particular, the competent authorities, the application submission process, the evaluation, grading and classification process, the administrative controls, the approval process and the financial aid payment process are defined.

According to the decision, the aim is to strengthen market orientation and to increase the competitiveness of wine farms. The result of these characteristics is the better position of the producer in the value chain. Emphasis is placed on investments that serve the goal of increasing the market share of certified wines (PDO, PGI, Varietal, appellation by tradition, organic wines) and on investment projects implemented by SMEs and collective structures.

Emphasis is placed on investments that serve the goal of increasing the market share of certified wines (PDO, PGI, Varietal, appellation by tradition, organic wines) and on investment projects implemented by SMEs and collective structures

The interventions

Intervention P2-58.6 serves the sectoral objective regarding the contribution to climate change mitigation and adaptation, improving the sustainability of production systems and reducing the environmental impact of the Union’s wine sector.

Correspondingly, intervention Π2-58.6 refers to aid in tangible and intangible assets with the aim of strengthening the sustainability of wine production by improving the use and management of water, reducing waste production and improving waste management and saving energy and energy substitution through RES.

The quantified objectives of the interventions are:

• The increase in the market share of certified wines (PDO, PGI, Varietal, appellation by tradition, organic wines) by 5%.
• The number of investment projects that will be financed amounts to at least 30 projects per year, of which at least 20 projects concern small and medium enterprises.

Funding of the program

The total amount of funds available for investments in interventions in the wine sector is determined per financial year according to the SS CAP of the period 2023-2027.

The Union’s contribution to the actual costs of the intervention P2-58.2 “Investments in tangible and intangible assets in winemaking infrastructure” granted through the European Agricultural Guarantee Fund (EAGF) for Greece, is structured as follows:

a. 50% of expenditure on regions designated as least developed. That is, for the Regional Units (RE) belonging to the Regions of Eastern Macedonia and Thrace, Central Macedonia, Western Macedonia, Epirus, Ionian Islands, Western Greece, Thessaly, Central Greece, Peloponnese, and Crete.

b. 40% of expenditure for regions other than the least developed. That is, for the Regional Units (RE) that belong to the Region of Attica.

c. 65% of the costs for the small islands of the Aegean Sea.

Also, the Union’s contribution to the actual costs of the intervention Π2-58.6 – “Investments in tangible and intangible assets with the aim of strengthening wine production” concerns the Action “V. Environmental protection’ and does not exceed 50% of direct or eligible costs throughout the territory.

The financing of the Actions of interventions Π2-58.2 and Π2-58.6 per Region is analyzed in the table below:

Priority criteria

For the allocation of funds to the eligible applications, the following objective criteria are defined that form the rating of each investment project, with the aim of serving the strategic objectives of the present, as described in article 3 and until the available funds are exhausted, in accordance with the SS CAP 2021-2027 as applicable.

The priority criteria for inclusion in interventions Π2-58.2 “Investments in tangible and intangible assets in winemaking infrastructure” and Π2-58.6 “Investments in tangible and intangible assets aimed at strengthening the sustainability of wine production” are analyzed in the table below: