[PIO] The budget of the 2nd call of the "Save - Upgrade Homes" project increases to €50 million

THALIA 2021-2027 - "Save - Upgrade Homes" Projects 2nd call for proposals

The Ministry of Energy, Trade and Industry informs the public that, due to the great interest shown for applications, it has been decided in cooperation with the Managing Authority that the budget allocated for the needs of the 2nd Call for Proposals of the "Save - Upgrade Homes" Project will be increased from €35 million to €50 million.

It is noted that since 4 May 2023, when the submission of applications for the 2nd call started, until today, 1 application has been received.772 applications have been received, with a total requested amount of approximately €35 million.

In view of the above, the receipt of applications will continue until applications covering the new available budget are received.

It is recalled that the Scheme aims at the extensive energy upgrading of existing dwellings by granting subsidies for costs related to thermal insulation of the building envelope, replacement of frames, installation of shading systems as well as the installation and/or replacement of technical systems (e.g. solar, photovoltaic, air conditioning, storage batteries, etc.).

Natural persons not carrying out an economic activity are eligible to apply. The amount of sponsorship that may be granted to beneficiaries depends on the type of eligible expenditure that they will implement in their homes and the type of investment they choose. For housing for vulnerable consumers, housing in mountain areas and housing for refugees in refugee settlements, the scheme provides for an increased grant. The maximum amount of sponsorship that can be granted for each application is €32,000.

Interested parties can obtain the Guide to the Scheme, which sets out all the details, the Model Application Form and other required forms or documents, from the website of the Department of Industry and Technology (www.industry.gov.cy).

Applications should only be submitted electronically through the Ministry of Energy, Trade and Industry's Grant Scheme System (https:/fundingapps.mcit.gov.cy), until the available budget is exhausted.

For further information, interested parties may contact the Department of Industry and Technology at 22867190 / 22867335 / 22867297 or at sit@meci.gov.cy.

/SX
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