The enterprise FEAC Engineering P.C. based in the Western Greece region, has joined the Action “Upgrading micro & small businesses to develop their skills in new markets” with a total budget of 310 million €. The Action aims at upgrading the competitive position of very small and small enterprises.

The investment’s total budget is 53.891,00 € out of which 21.556,00 € is public expenditure. The Action is co-financed by Greece and the European Union – European Regional Development Fund.

The approved subsidised Business Plan includes investments in the following categories:

• Buildings, other facilities and the surrounding area
• Machinery – Equipment
• Intangible expenses
• Wage costs for personnel (current and /or new employees)

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
• Creating better quality 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.