The European Bank for Reconstruction and Development (EBRD) announced the launch of the Programme “Small Business Support (SBS) Programme in Cyprus”. The official kickoff was given at an event held on Wednesday, November 18, 2015, at Famagusta Gate, Nicosia.
EBRD, a non-profit organization, aims to support local small and medium-sized businesses (SMEs) to improve their performance and achieve further development.
We can help you utilise this Programme, according to your needs, within the context and objectives of the Programme.
Support for local businesses through the ““Small Business Support (SBS) Programme in Cyprus” is achieved through the provision of Grants (not loans) from the Bank to businesses, in order to acquire know-how/ support from experienced approved business consultants (local and international), thus enhancing adaptation of Cyprus SMEs to the requirements of a modern and competitive economy.
Cooperation with the Ministry of Energy, Trade, Industry and Tourism
In May 2017, the Ministry of Energy, Trade, Industry and Tourism of the Republic of Cyprus and the European Bank for Reconstruction and Development (EBRD) signed a cooperation agreement for the implementation of the ““Small Business Support (SBS) Programme in Cyprus”
The programme aims to provide assistance to more than 120 SMEs over a period three years.
The current Call for Application Submission, a copy of the Call announcement is available at the end of this page, is an integral part of the SBS programme and involves the co-financing of the cost of buying consultancy services from 30 Cypriot SMEs to meet their business needs.
It is emphasised that, although the current Call for Applications specifies October 26 2018 as the deadline, this restriction does not apply to our customers wishing to participate in the Programme, since our partner Mr Kyriakos Hadjisoteriou is already an approved EBRD consultant. Thus, for projects we will execute, we can prepare and promote project applications - speeding up approval procedures, anytime throughout the implementation of the programme, until around the end of 2019.
Eligible Activities & Subsidy Intensity
If your company can benefit from a specific kind of know-how, such as the preparation of a strategy plan/ business plan or marketing (promotion) plan, if you need website design and development services or other tailor-made/ customised software or know-how/ advisory services for the introduction of a quality management system according to ISO 9001 or ISO 22000/ HACCP, or harmonisation with the new General Data Protection Regulation (GDPR) and/ or ISO 27001, the EBRD programme can cover such needs, and not only!
Please note that the subsidy intensity rate, for eligible businesses and activities is 65%(Up to 70% under certain conditions), of the net cost of the project (excluding VAT).
Also, note that our services up to the stage of submitting a proposal for inclusion in the Programme are provided free of charge, while the cost for the next stages (implementation) is covered by subsidy provided by the Programme.
For detailed information for the Programme and the Application/ Inclusion Process, click here.
Contact us now for free evaluation of your needs and the eligibility of your business, and in order to prepare and submit a proposal to join the Programme.
Programme/ Application Documents