Funding Scheme for Energy Upgrade and Strengthening the Competitiveness of Large Enterprises

We would like to inform you that in an announcement, the Ministry of Energy, Commerce, and Industry invites you to submit applications under the “Funding Scheme for Energy Upgrade and Strengthening the Competitiveness of Large Enterprises.”

The submission period will begin on Friday, April 26, 2024, at 9 a.m. and applications will be accepted only through the electronic Grant Scheme System of the Ministry of Energy, Commerce and Industry, on the website https://fundingapps.meci.gov.cy until June 28, 2024, at 11.59 p.m. The order of priority 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 Scheme.

Beneficiaries of the Scheme are new or existing Large Enterprises, established or to be established in Cyprus, excluding the areas in which the Government of the Republic of Cyprus does not exercise effective control due to the Turkish invasion. Eligible business activities do not include activities related to the fisheries and aquaculture sectors, as well as the production of wine and wine vinegar listed in Part II of Annex VII to Regulation (EU) No 1308/2013.

Interested parties can obtain the final Guide of the Plan (attached below), which lists all the details, as well as other required forms or documents, from the website of the Ministry of Industry and Technology by clicking here.

PDF – Funding Scheme for Energy Upgrade and Strengthening the Competitiveness of Large Enterprises