Scheme Plan to support New Business Activity – 2nd Announcement (2024)
Summary
THALIA: Foundations of Change, Prosperity, Equality and Development
Programme “THALIA 2021-2027” constitutes a multi-annual, multi-fund development Programme that was drawn up in accordance to the Article 22 of the Regulation (EU) 2021/1060 (Common Provisions Regulation – CPR), outlining the development strategy for the utilisation of the resources allocated to Cyprus through the Cohesion Policy Funds, for the period 2021-2027.
The total budget of the Programme amounts to €1.81 billion, of which €968 million comes from the EU Cohesion Policy Funds, while the remaining €842 million is the national contribution.
Programme Name
Programme Description
THALIA: Foundations of Change, Prosperity, Equality and Development
Programme “THALIA 2021-2027” constitutes a multi-annual, multi-fund development Programme that was drawn up in accordance to the Article 22 of the Regulation (EU) 2021/1060 (Common Provisions Regulation – CPR), outlining the development strategy for the utilisation of the resources allocated to Cyprus through the Cohesion Policy Funds, for the period 2021-2027.
The total budget of the Programme amounts to €1.81 billion, of which €968 million comes from the EU Cohesion Policy Funds, while the remaining €842 million is the national contribution.
Call
Detailed Call Description
Further details in the Greek text.
Financing percentage by EU or other bodies / Level of Subsidy or Loan
The sponsorship amounts reach up to 70% for young men and women aged 18-29 years, while for men aged 30-50 and women aged 30-55 the amount will reach the 60%.
The sponsorship is calculated on the cost of the eligible costs of the investment (Equipment, Special Facilities, Buildings – construction, purchase, renovation-configuration of spaces, Projection-Promotion and Other Expenses), with a maximum eligibility.
Budget per company: €120.000
Eligibility For Participation Notes
POTENTIAL BENEFICIARIES:
- Young men and women from the age group of 18-29 years
- Men from 30 to 50 years old
- Women from 30 to 55 years old who have not had a business activity in the last six (6) months before submitting an application
Further details in the Greek text.
Programme Category
Co-Financed ProgrammesTotal Budget
€20 millionThematic Categories
- New Entrepreneurship
- Small-Medium Enterprises and Competitiveness
Eligibility for Participation
- Natual person / Citizen / Individual
- Other Beneficiaries
- Youth
Call Opening Date
18/06/2024Call Closing Date
31/07/2024National Contact Point(s)
Ministry of Energy, Trade and Industry
Industry and Technology Service
Contact info:
Vicky Τsaggaridou Chatzipavlou
Trade and Industry Officer A’
Τelephone: 22867194
Email: vtsangaridou@meci.gov.cy
Savvas Nikolaou
Trade and Industry Officer
Τelephone: 22867317
Email: snicolaou@meci.gov.cy
Αthina Xanthopoulou
Trade and Industry Inspector
Τelephone: 22867178
Email: axanthopoulou@meci.gov.cy
Spyros Prodromou
Trade and Industry Inspector
Τelephone: 22867156
Email: sprodromou@meci.gov.cy
Αntreas Papakyriakou
Scheme’s Officer
Τelephone: 22867109
Email: apapakyriakou@meci.gov.cy
