The Cyprus Employers and Industrialists Federation (OEB) informs that the Ministry of Energy, Trade and Industry announces the call for applications for the 2nd Call for Applications of the Sponsorship Scheme “Save – Upgrade in Small and Medium-sized Enterprises and Non-Profit Organizations (2024)”.
Applications will be accepted from Tuesday, February 25, 2025, at 9:00 a.m., until April 30, 2025 at 23:59 or until the available budget is exhausted, only through the electronic System of Sponsorship Plans of the Department of Industry and Technology.
The order of priority will be determined on the basis of the order in which the proposals are submitted.
The total budget of the Project amounts to €24,000,000, while the maximum amount of sponsorship that can be granted amounts to €300,000. The aid intensity amounts to 40% of the eligible costs of each application, while beneficiaries that fall under Non-Profit Organizations, as well as Small and Medium-sized Enterprises that will implement investments in mountainous and disadvantaged areas, may receive an increased percentage of sponsorship, specifically, 60% of the eligible costs.
The aim of the Plan is to promote energy-saving investments, which will bring savings of at least 35%. Specifically, the Plan will cover investments such as:
- Improving the energy efficiency of the building envelope.
- Installation of new technical systems in buildings.
- Installation of high-efficiency combined heat and power systems.
- Installation of RES systems, including the installation of energy storage batteries.
- Improvement of energy efficiency, related to the production/operation processes of enterprises, such as replacement of energy-intensive equipment, installation of energy saving systems, as well as replacement of projectors/lighting systems in sports stadiums/theatre stages/ballrooms, etc.
- Replacement of existing production machinery with new machines.
To secure sponsorship, consulting services from a Qualified Expert or an Energy Auditor are required, to confirm that the investments that will be implemented will ensure the minimum technical criteria of the Plan.
For the design guide and more information click here.
