Greece's Ministry of National Economy and Finance announced a geographic expansion of the Just Development Transition Portfolio Fund to cover islands with up to 3,100 residents in the North Aegean, South Aegean and Crete regions that fall under the Just Development Transition Programme 2021–2027. The change is intended to broaden island businesses’ access to finance, with a focus on green and sustainable entrepreneurship. The fund is financed through the Just Development Transition Programme 2021–2027 (Pillar 1 of the European Union Just Transition Mechanism) with total resources of EUR 70 million. It offers investment loans and working-capital loans on favourable terms, either via interest-free co-financing or through guarantees, and is positioned as complementing the “Doing Business Green” state-aid actions by widening the range of financing tools available to support companies’ green transformation.
Ministry of National Economy and Finance (Greece) 2025-06-25
Greece's Ministry of National Economy and Finance expands the Just Development Transition Portfolio Fund to small islands in the North Aegean, South Aegean and Crete
Greece's Ministry of National Economy and Finance is expanding the Just Development Transition Portfolio Fund to include islands with up to 3,100 residents in the North Aegean, South Aegean, and Crete regions. Part of the Just Development Transition Programme 2021–2027, the fund aims to enhance access to finance for island businesses, focusing on green and sustainable entrepreneurship. It provides EUR 70 million in investment and working-capital loans on favourable terms, complementing the "Doing Business Green" state-aid actions.