1. Introduction In the period of economies' internationalisation, of rapid changes and intense technological developments, the key for the development and improvement of enterprises' competitiveness constitutes the promotion of productivity via technological changes and innovations. In this direction, subsidy OP were launched and it is appreciated that the Operational Programme Competitiveness has subsidized more than 32,000 investments in the various sectors of Greek economy with total budget more than 5 billions of Euros, element that implies a significant number of fortuned enterprises, employees and self-employed (Ministry of Development, 2007). In order Greece to achieve real convergence with the other economies of the European Union's member-states and to face basic lacks of the economic and social life, is supported with important resources by the European Regional Development Fund (ERDF) and the European Social Fund (ESF) in the frames of the European Regional Policy. This support is realised via the CSF, the Community Initiatives and the Fund of Cohesion (Ministry of Economy and Finance, 2007). The 3rd CSF was launched based on the Regional Development Plan that was submitted by Greece in the EU and it is an agreement in which the Greek Government and European Committee had reached for the community structural interventions to Greece for the time interval 2000-2006. The 3rd CSF constitutes the most important mean for the Lisbon Strategy objectives' achievement at this programmatic period and is consistent to a large degree in the overwhelming majority of its objectives, with 63% of the Structural Funds' available budget in Greece financing actions that contribute directly this Strategy (Ministry of Development, 2005). For the objectives' achievement of the 3rd CSF 2000-2006 were also launched and accomplished 25 Operational Programmes from which the Operational Programme Competitiveness was a complete Programme for the modernisation of the Greek economy and its competitiveness support, which despite the recent relative improvement, from the 106th place into the 96th place in the world scale, still appears to considerably fall short in the international classification by the Organisation for Economic Co-operation and Development (OECD) and to remain far from better classifications achieved in the past (Ministry of Development, 2008). This element implies that the exploitation of EU's significant resources to Greece did not produce the expected results as the availability of these free charged funds led to policies of prosperity and laxity resulting the real convergence of Greek with European economy to constitute henceforth desirable and future objective (Negreponti-Delivani, 1979). It is appreciated therefore that this ineffective exploitation of resources was also emanation of the limited systematic and essential control of the supportive OPs (Nikolaidis-Christopoulou, 2003a, 2003b; Kanellopoulos, 2004; Petrakos et al., 2004). The above query strengthens the general opinion that in Greece, fundamental subjects that concern in the investments investigation, evaluation and the choice of attractive, viable and efficient investment plans, did not enjoy the proportional attention or were submitted in occasional analysis and evaluation by the Intermediary Management Agencies (Mirianthis, 1988; Nikolaidis et al., 2004). Under these circumstances, the evaluation of subsidy OPs in Greece constitutes necessary and important activity in order to achieve more rational and effective exploitation of their limited resources. Objective of this research is the acquisition of useful information regarding enterprises that were involved (accepted or rejected) in Action 2.11.2 Support for Very Small, Small and Medium-sized Enterprises in the Tertiary Sector. At the same time, this study aims in the export of conclusions regarding the contribution of the Intermediary Management Agencies (IMA), the Action 2. …