Greece is entering a new period of significant investment opportunities as the end of the Recovery and Resilience Facility creates a new landscape of funding tools for the next eight years.
Available national and European resources could exceed €100 billion in total, creating a substantial pool of funding for investment in businesses, infrastructure, energy, technology and regional development.
According to an information bulletin from consulting firm Anodos Consulting, the main funding tools for the next period include:
- National Development Programme: approximately €23 billion.
- 2021-2027 NSRF: approximately €19 billion remaining.
- 2028-2034 Programming Period: approximately €38 billion, with the final amount still under development.
- Social Climate Fund: approximately €5.3 billion.
- Island Decarbonisation Fund: approximately €2.3 billion.
- Modernisation Fund: approximately €1.7 billion.
Key investment sectors
The new funding is expected to support a broad range of investment activities, with a focus on the digital and green transformation of the Greek economy.
Key priorities include:
- digital transformation;
- industrial modernisation;
- energy efficiency and renewable energy sources;
- energy storage and upgrades to electricity networks;
- green and sustainable transport;
- tourism and regional investment;
- innovation and technology;
- infrastructure and social development.
The big challenge is turning funding into investment projects
Anodos Consulting expects the next funding period to rely on more complex financing structures that combine grants, European and bank loans, equity and private investment.
However, the company says the biggest challenge will not simply involve securing available funding. Greece will also need to turn those resources into mature and viable investment projects.
Effective use of the funding will require early and careful preparation. Key steps include identifying investment needs in good time, assessing project feasibility, developing a comprehensive business plan, selecting the appropriate financing structure and ensuring that projects reach maturity in time for implementation.
The key challenge for the next eight years, therefore, will not simply be the amount of funding available. Greece will need to convert those resources effectively into real investment, economic growth and an upgrade of its productive capacity.
