The enterprise LMNT based in the Ionian Islands region, has joined the Action “Supporting the Establishment and Operation of New SMEs in the tourism sector” with a total budget of 689 million € (500,6 million € from EPAnEK and 188,4 million € from Regional Operational Programmes). The Action aims at supporting tourism entrepreneurship by establishing new very small, small and medium - sized enterprises in the tourism sector.

The investment’s total budget is 400.000 € out of which 199.999,98 € is public expenditure. The Action is co-financed by Greece and the European Union - European Regional Development Fund.

The approved subsidised Business Plan includes expenditures on the following categories:

• The approved subsidised Business Plan includes expenditures on the following categories:
• Machinery, installations and environmental protection equipment along with energy and water saving equipment.
• Promotion - Participation in exhibitions
•  Technical engineering studies and tax and legal advisory services

Through the participation in the Action, the enterprise achieved:

• Competitiveness improvement
• Increase of profitability
• Reinforcing an extrovert business profile
• Market expenditure by adopting new products and services
• Market expenditure by adopting new products and services
• Increasing productivity and improvement of operational procedures
• Reinforcing entrepreneurship
• Creating / maintaining job positions

The support of EPAnEK proved beneficial, not only for the enterprise but for the competitiveness of the national as well as the local economy.