New Entrepreneurship Support Plan
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
Each activity will be accompanied by a grant, which is estimated to part of the cost of eligible investment costs (equipment, buildings – purchase, buildings – construction, buildings – renovation / landscaping, promotion) with a maximum eligible budget per company € 120,000, for activities related to manufacturing, services, e-commerce and tourism.
Those interested in applying for the specific Plan, are encouraged to carefully study the provisions of the Plan Guide, the Model Application Form as well as the List of Required Documents, which are attached to the official website of the Plan. The order of priority among the candidates will be determined based on the order of submission of proposals (immediate evaluation) and the maximum amount of approvals will not exceed the available budget of the Call.
Important Note: applications will be accepted in the electronic System of Sponsorship Plans (SYSHCHO) of YEEB until December 30, 2021 or until the available budget is exhausted.
Financing percentage by EU or other bodies / Level of Subsidy or Loan
70% in young people aged 18-29 while 60% for men aged 30-50 and women aged 30-55.
Eligibility For Participation Notes
- Young men and women living legally in areas under the exclusive control of the Republic of Cyprus for the last six months and having free access to work.
- Young men and women aged 18-29, men 30-50 and women 30-55.
- People who have not been in business for the last six months before submitting their application, they were not self-employed or had no more than 25% of participation in a business.
Programme Category
Co-Financed ProgrammesTotal Budget
€30 million - this budget may be amended.Thematic Categories
- New Entrepreneurship
Eligibility for Participation
- Economically Inactive Women
- Employees
- Natual person / Citizen / Individual
- Unemployed
- Youth
Call Opening Date
17/05/2021Call Closing Date
30/12/2021National Contact Point(s)
Email: vtsangaridou@meci.gov.cyAthena Xanthopoulou
Inspector Commerce and Industry
Phone: 22867178
Email: axanthopoulou@meci.gov.cy
Spiros Prodromou
Trade and Industry Inspector
Phone: 22867156
Email: sprodromou@meci.gov.cy