Subsidy Scheme for providing financial aid for organising international sporting events in Cyprus in the context of EU Regulations on de minimis rule (DE MINIMIS)

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Programme Category

National Grant Schemes

Programme Name

Programmes of the Deputy Ministry of Tourism

Programme Description

In this section you can find information on all National Grant Schemes which are being published by the Deputy Ministry of Tourism.

Programme Details

Identifier Code

(DE MINIMIS)

Call

Subsidy Scheme for providing financial aid for organising international sporting events in Cyprus in the context of EU Regulations on de minimis rule (DE MINIMIS)

Summary

Aim of the scheme is to encourage the organising of international sports events, including tournaments or training camps aiming at the development of Sports Tourism and the increase of overnight stays for the hotel industry during the low tourist season.

Detailed Call Description

The date of the sporting event in Cyprus falls between November 1 and April 30. In case the event takes place in the Nicosia District and in Rural / Mountainous / Remote areas the application will be examined regardless of the period of its implementation. The minimum number of athletes/professional entourage expected to participate from abroad is 100 people. In cases, where events are held in the Nicosia District and in Rural/Mountainous/Remote areas the minimum number is 30 people. The Deputy Ministry of Tourism should be promoted as a sponsor.

The amount of financial support shall be fixed at a rate of up to 30% of the total expenditure, on specific eligible costs which are explicitly mentioned in Scheme and up to a maximum limit of €25 000 in accordance with the available funds and the following evaluation criteria.

Sporting events for the disabled will be subsidized at a rate of up to 30% of the total expenditure on specific eligible costs which are explicitly mentioned in Scheme and up to a maximum amount of €25 000.

Sporting events that will be broadcasted abroad with an integrated marketing plan may receive an additional grant of up to 50% of the total expenditure up to a maximum limit of €20 000 based on the conditions mentioned in point H2. It is noted that prior approval must be given by the Deputy Ministry of Tourism for promotional activities and the maximum grant amount. In case of change of promotional activities, the grant will not be paid.

Call Total Budget

€300 000

Financing percentage by EU or other bodies / Level of Subsidy or Loan

None

Thematic Categories

  • Sports
  • Tourism

Eligibility for Participation

  • Associations
  • Local Authorities
  • Other Beneficiaries
  • Private Bodies

Call Opening Date

19/01/2023

Call Closing Date

31/12/2023

National Contact Point(s)

Deputy Ministry of Tourism
Elena Economou
Assistant Clerical Officer
Telephone: 22691186
Email: elenaeconomou@visitcyprus.com

(Publish Date: 16/02/2023-for internal use only)

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