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.

The Plan aims to strengthen the sustainable development and competitiveness of SMEs and the creation of jobs in SMEs, including productive investments. In other words, it focuses on the development, support and promotion of entrepreneurship among young people from 18 to 29 years old, men from 30 to 50 years old and women from 30 to 55 years old, who wish to be active in business in any economic activity (excluding those included in Appendix I, which is attached in the “Ineligible economic activities”), making use of their knowledge, experience, training and talents. This purpose is expected to be achieved by utilising incentives in the form of non-refundable financial aid.

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

• New Entrepreneurship
• Small-Medium Enterprises and Competitiveness

• Natual person / Citizen / Individual
• Other Beneficiaries
• Youth

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.

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

• Website
• Announcement of the beginning of the Scheme Plan to support New Business Activity