Incentive Scheme for the Renovation of restaurants and businesses selling Mediterranean food products
Summary
The third Policy Axis aims to improve the competitiveness and resilience of the Cypriot economy. In addition to the other axes, it includes measures that contribute to the promotion of a new model of development and international competitiveness of the Cypriot economy, based on the results of the relevant study of the Cyprus Economy and Competitiveness Council.
Includes investments and reforms to expand the productive base by strengthening the primary and secondary sectors of the economy, improving competitiveness and the business environment, mainly by supporting small and medium-sized enterprises (SMEs), diversifying and strengthening the tourism product, modernizing public administration and local authorities, reform and improve the efficiency of the judiciary, fight corruption and enhance transparency, enhance research and innovation, and the resilience of the financial sector and the financial situation.
Programme Name
Programme Description
The third Policy Axis aims to improve the competitiveness and resilience of the Cypriot economy. In addition to the other axes, it includes measures that contribute to the promotion of a new model of development and international competitiveness of the Cypriot economy, based on the results of the relevant study of the Cyprus Economy and Competitiveness Council.
Includes investments and reforms to expand the productive base by strengthening the primary and secondary sectors of the economy, improving competitiveness and the business environment, mainly by supporting small and medium-sized enterprises (SMEs), diversifying and strengthening the tourism product, modernizing public administration and local authorities, reform and improve the efficiency of the judiciary, fight corruption and enhance transparency, enhance research and innovation, and the resilience of the financial sector and the financial situation.
Call
Detailed Call Description
The Scheme is based on Commission Regulation (EU) No 1407/2013 of 18 December 2013 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid.
Objectives of the Scheme:
The aim of the Scheme is to provide support for (a) the improvement and upgrading of the quality of the services provided by licensed restaurants / taverns catering establishment or catering establishment that operate within hotels and other tourist accommodation that offer exclusively Cypriot cuisine based on their approved menu, and (b) the creation or upgrading of shops selling traditional food products.
Through these interventions, the aim of the Scheme is to upgrade Cypriot hospitality, to promote the cultural heritage and the development of gastronomy.
Eligible Costs:
- Renovation and other improvement works in licensed indoor and outdoor areas
- Special facilities and systems
- Machinery, furniture and equipment
- Expenses for consultants, experts, designers, etc.
- Expenditure directly related to the terms of European co-financing
- Consumables as a lump sum
Financing percentage by EU or other bodies / Level of Subsidy or Loan
Up to 75%
Eligibility For Participation Notes
- Licensed Catering Establishments
- Catering Establishments operating within hotels and other tourist accommodation
- Entrepreneurs, natural or legal persons, operating licensed stores selling tradtional food products or with a store is within a licensed local food production unit, with the necessary operation certificates
Programme Category
Cyprus Recovery And Resilience PlanTotal Budget
€4,000,000Thematic Categories
- Processing
- Small-Medium Enterprises and Competitiveness
- Tourism
- Trade and Commerce
Eligibility for Participation
- Large Enterprises
- Natual person / Citizen / Individual
- Other Beneficiaries
- Private Bodies
- Small and Medium Enterprises (SMEs)
Call Opening Date
20/04/2022Call Closing Date
30/11/2022National Contact Point(s)
Sub Ministry of Tourism
Contact People:
Name: Kyriakos Kyriakou
Title: Tourism Officer ‘Α
Telephone: 22691204
Email: KyriakosKyriakou@visitcyprus.com
Name: Elena Adamou
Title: Quality Assurance Officer
Telephone: 22691282
Email: ElenaAdamou@vitsitcyprus.com