The Cypriot government, in collaboration with the EU, launches a €17 million program to boost energy efficiency in large enterprises. Eligible costs can receive grants of up to €750,000 to reduce carbon footprints and promote sustainability, with applications opening on April 26, 2024.
What is the new energy efficiency initiative for large enterprises in Cyprus?
The Cypriot government, supported by the EU, has initiated a €17 million program to enhance energy efficiency in large enterprises. This includes up to €750,000 in grants for eligible costs aimed at reducing the carbon footprint and promoting sustainable practices. Applications open on April 26, 2024, with comprehensive guidance available online.
The Cypriot government, in collaboration with the European Union, has launched a significant initiative aimed at enhancing energy efficiency among large-scale businesses. With a generous fund of €17 million backed by the EU Recovery and Resilience Plan (RRP), the project seeks to advance economic competitiveness and foster sustainable practices within the corporate sector.
Supporting Sustainable Progress
In an effort to combat climate change and promote energy independence, €10 million of the allocated funds originate from the EU’s REPowerEU Plan. This financial backing is specifically earmarked for investments that align with the environmental objectives outlined in the REPowerEU agenda. The primary focus of this initiative is to facilitate the development and energy transformation of large enterprises, encouraging a shift towards a circular economy model.
Grants provided under this scheme will cover a spectrum of eligible costs, which include enhancing energy efficiency in buildings, modernizing installations, and revamping equipment. The ultimate goal is to reduce the carbon footprint of these businesses while simultaneously bolstering their market position. Companies can receive up to €750,000 in support, which marks a significant contribution to their sustainable development endeavors.
Criteria and Application Process
The eligibility criteria for this grant are clear: applicants must be new or existing large enterprises that are established or in the process of being established by the Cyprus government. However, certain sectors, such as fisheries, aquaculture, and the production of wine and vinegar as defined in EU regulations, are excluded from the program.
Applications will open on April 26, 2024, and businesses are encouraged to submit their proposals through the official web portal using mainstream browsers such as Chrome, Firefox, and Edge. The deadline for submissions is set for June 28, 2024. It’s important to note that the selection process will prioritize applications based on the submission order, provided they meet the program’s budget limitations.
Guidance and Assistance
For those interested in seizing this opportunity, comprehensive guidance will be available on the official website of the Industry and Technology Service. This resource offers detailed instructions and specifies the necessary forms and documents required for the application process.
Moreover, applicants seeking further information or facing any queries can reach out directly to the designated officials via the provided contact numbers. The dedicated team is prepared to assist applicants in navigating through the application process and ensuring they meet the requirements to qualify for the grant.
Understanding the significance of this substantial funding opportunity is essential for large businesses in Cyprus. By incentivizing the adoption of energy-efficient solutions, the government is not only addressing environmental concerns but also fostering a more resilient and competitive economic landscape for the future.
What is the new energy efficiency initiative for large enterprises in Cyprus?
The Cypriot government, supported by the EU, has initiated a €17 million program to enhance energy efficiency in large enterprises. This includes up to €750,000 in grants for eligible costs aimed at reducing the carbon footprint and promoting sustainable practices. Applications open on April 26, 2024, with comprehensive guidance available online.
What is the goal of the energy efficiency initiative for large enterprises in Cyprus?
The primary goal of this initiative is to reduce the carbon footprint of large enterprises while promoting sustainable practices and economic competitiveness. By providing grants of up to €750,000 for eligible costs, the program aims to support businesses in enhancing energy efficiency, modernizing installations, and reducing their environmental impact.
When can large enterprises in Cyprus apply for the energy efficiency grants?
Applications for the energy efficiency grants for large enterprises in Cyprus will open on April 26, 2024. Businesses interested in reducing their carbon footprint and improving sustainability practices can submit their proposals through the official web portal until the deadline on June 28, 2024.
How can large enterprises in Cyprus get guidance and assistance for the energy efficiency grant application process?
Comprehensive guidance for the energy efficiency grant application process will be available on the official website of the Industry and Technology Service. Additionally, applicants can reach out to designated officials through provided contact numbers for further information and assistance in navigating the application process to ensure they meet the necessary requirements for qualification.
