- On Thursday, 4 May 2023, the second call for applications under the Scheme will open.*]The Cabinet also approved the "Save - Upgrade Homes on British Bases" Scheme (applications open Thursday, 4 May 2023).
The Ministry of Energy, Trade and Industry announces that at yesterday's Cabinet meeting, it was decided to include displaced persons permanently residing in homes located in refugee settlements among the beneficiaries of an increased grant under the "Energy Efficiency - Upgrade in Homes" Grant Scheme, for which applications begin tomorrow, Thursday, May 4, 2023.
The scheme, which has a total budget of €70 million, is included in the "Th.Al.E.I.A." Programme 2021-2027 and is co-financed by the EU's European Regional Development Fund (ERDF) and the Republic of Cyprus. During the 1st call of the Plan implemented in 2021, €35 million was made available, while the remaining €35 million will be made available under the 2nd call announced in November 2022.
The main objective of the Plan is to upgrade the energy efficiency of existing homes to achieve energy savings of at least 60%. The total annual savings, which will be achieved by all the subsidised investments, are estimated to be in the order of 192,000 Mwh.
The beneficiaries of the Plan are all natural persons who own or occupy the dwellings. In addition to displaced persons permanently residing in homes located in refugee settlements, the Plan provides increased incentives to vulnerable consumers, as well as owners/occupants of homes located in mountainous areas. The maximum grant amount for each dwelling can be up to €32,000, depending on the type of investment chosen by each beneficiary.
In addition, at today's Cabinet meeting, the "Save - Upgrade in Dwellings Located in British Base Areas" Scheme has also been approved, with a total budget of €500.000, which is fully funded by the Republic of Cyprus and implemented under the same conditions as the co-funded Project.
More information can be obtained from the Project Implementation Guides, which are posted on the Ministry's website (www.meci.gov.cy).
Applications for the two Schemes will start tomorrow, Thursday 04/05/2023, via the website https:/fundingapps.mcit.gov.cy/. The Ministry will accept applications until 21/12/2023 at 23.59 or until the available budget is exhausted.
(GA)
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