Question 6: In the context of investment projects falling under the investment BAC ‘Accommodations’ (BAC 55) within the tourism sector, which are submitted under the financing framework of Commission Regulation (EU) No 651/2014, how is it proven that the criteria of the initial investment have been met in case of a "Fundamental change of the entire production process of an existing unit"?
In the tourism sector (BAC 55 - Accommodations), to establish the viability of fulfilling the initial investment requirement with a fundamental change in the production process of an existing unit, substantiation is essential. This substantiation can be in the form of investment plan expenses, a comprehensive modernization outline (encompassing upgrades to equipment, structures, other facilities, as well as operational enhancements), or achievement of an enhanced Classification Category (for example, from 3-star to 4-star). Regardless of the approach taken, confirmation of meeting the initial investment's requirement will undergo evaluation during the investment plan assessment phase.