The Ministry of Interior announces the announcement of the 1st Call for Applications for the Grants Scheme for the Enhancement of Business Activity in the Walled City of Nicosia.
The Sponsorship Scheme is part of the Action Plan for the Regeneration and Revitalisation of Nicosia within the Walls.
The Scheme concerns the provision of financial assistance to natural or legal persons, owners or tenants of buildings (with the signed consent of the owners), who carry out or will carry out economic activity, for the purpose of enhancing business activity, in the area of Nicosia within the walls of Nicosia.
The main objectives of the Plan are to attract new businesses to the walled city of Nicosia, to encourage existing businesses to move to the areas covered by the Plan, to encourage businesses already operating in these areas to expand their existing premises, the social and economic upgrading of the area, the upgrading of the built environment by contributing to the circular economy and green growth, the attraction of citizens from all over Cyprus and the whole of the Nicosia urban area, and the creation of new jobs.
The Project is funded by the State Budget of the Republic of Cyprus and the total amount allocated for the needs of the Call for Proposals is €10 million (€2 million/year). The Scheme will remain open until 31 December 2026, and Potential Beneficiaries will be able to submit applications/proposals in specific time periods to be defined in the relevant call for proposals.
The first Call for Proposals was launched on 1 June 2022, with a total budget of €2 million. The amount of each grant will be 60% of the eligible costs of each Proposal, with a maximum financial assistance of €80,000 per project.
Applications under the 1st Call of the Grant Scheme will be submitted from 1 June 2022 until 30 October 2022. The submission is ONLY electronic, at the link below:
https:/hippodamus.tph.moi.gov.cy/ApplicationSubmission
Applicants must meet specific criteria and conditions in order to be eligible to become a beneficiary, which are detailed in the Guide to the Sponsorship Scheme. The Guide and its accompanying Annexes are available at www.moi.gov.cy/sxedialefkosia
For further information or technical assistance regarding the Sponsorship Scheme, interested parties may contact the TPO at the following telephone numbers and e-mail addresses:
Sponsorship Scheme Information:
Elena Herodotou 22409838 eherodotou@papd.mof.gov.cy
Technical support for online application submission:
Andrea Irodotou 22409543 andreah@netu.com.cy
(EFYs)
Contents of this article including associated images are belongs PIO
Views & opinions expressed are those of the author and/or PIO
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