Aim:
To support, develop and upgrade large businesses that are located or will be located - established in Cyprus, including their energy upgrade.

The financial support concerns the provision of subsidy on defined eligible expenditures related to, amongst other, the creation of a new business facility, the upgrade of the operation and business activity of existing businesses, the creation of new production units, the promotion of energy saving investment in buildings, facilities or equipment, as well as the transition of the business to a circular model.

More specific objectives:

• The promotion of energy-saving investment, as well as energy efficiency measures in existing facilities and production units
• The support of existing large businesses to implement investment that will improve their technological level, production process, productivity and competitiveness.
• The creation of new units and stimulating entrepreneurship.
• The creation of new jobs and thus, enhancement of the contribution of large enterprises to the country's economic development.
• The reinforcement of the degree of circularity of large enterprises and the conversion of the operating model of a large enterprise into circular

For more Information for this Subsidy Scheme and in order to download the Official Subsidy Scheme Implementation Guide, please visit the Greek Section of our website and/ or the website of the Competent/ relevant Authority.