Scheme for upgrading Traditional restaurants, taverns and shops that sell traditional food products

Σχέδιο Χορηγιών για Αναβάθμιση Παραδοσιακών Χώρων Εστίασης ή Πώλησης Παραδοσιακών Προϊόντων Διατροφής με τη δυνατότητα ένταξής τους στο Σύμφωνο «Taste Cyprus»

 

The Scheme for upgrading Traditional Restaurants taverns and shops aims to help:

• existing restaurants and taverns, that provide Traditional Cyprus Food 
• existing restaurants and taverns within Hotels, that provide Traditional Cyprus Food 
• existing or new shops that sell traditional Cyprus Food Products

to improve the quality of food products and services

**Catering Venues are not eligible in the scheme

 

In order for a company to participate in the specific Funding Scheme, the following criteria are mandatory: 

• A valid operation license should be established by the relevant authorities
• The menu should be exclusively based in Cyprus gastronomy

 

The intensity of the subsidy is:

• 75 % of acceptable expenses (for businesses located in mountainous areas)
• 65 % of acceptable expenses (for businesses located in rural areas)
• 50% of acceptable expenses (for businesses located in all other areas)

 

Minimum amount of the proposed investment (eligible expenses) is set at €15.000

Maximum amount of fund is set at €200.000 (Deminimis)

 

Acceptable Expenses:

• Building Improvements Indoor and Outdoor
• Equipment and Furniture for the public areas*
• Special Installations and Systems**
• Expenses for Consultants, Engineers and Designers
• Consumables*                                                                     

*(not applicable for shops)   /  **(not applicable for restaurants/ taverns within a Hotel)

 

For more information you can check our Newsletter or contact one of our expert consultants. 

 

Source: Deputy Ministry of Tourism