The company ICON GROUP TECHNIKI EMPORIKI IKE based in the region of ATTICA joined the action “Upgrading very small & small businesses for the development of their capacities in the new markets” with a budget of 310 million Euros. The aim of the action is to improve the quality of the offered products and services or to create new products/services that will cover specific market needs. Also, the investment plans may aim to reduce costs or increase the efficiency of operational and production processes and concern all regions of the country. The total investment budget is €199,161.30, of which the public expenditure amounts to €79,664.52 and is co-financed by Greece and the European Regional Development Fund of the European Union. The business plan that was approved for financing and is being implemented includes investments in the following categories:

• Buildings, facilities and surroundings
• Machinery – Equipment
• Intangible Expenses
• Employee salary costs (existing and/or new staff)

Through participation in the Action, the business achieved:

• improving its competitiveness
• increasing its profitability
• enhancing extroversion
• market expansion by adding new products & services
• ensuring the highest quality products & services
• increasing productivity & improving operational processes
• strengthening entrepreneurship
• creating / maintaining quality jobs

With the contribution of EPANEK, the company was strengthened which operates in a critical sector of the Greek economy, bringing benefits to the competitiveness of the country as well as to the local economy and the market in which it is based.