Nicosia nod for digital marketing strategy

Nicosia nod for digital business plan

The outgoing cupboard of Cyprus accepted this week the grant scheme for the digital upgrading of enterprises.

The challenge is a part of Cyprus’ Restoration and Resilience Plan (RRP) for the years 2021-2026, and can be funded by the European Union’s Restoration and Resilience Mechanism (RRM). The challenge can also be a part of the THALIA 2021-2027 Program and is co-financed by the EU’s European Regional Growth Fund (ERDF) and the Republic of Cyprus, as a part of Cyprus’ Cohesion Coverage.

The quantity out there to finance the plan throughout the implementation interval is 10 million euros, with the choice of submitting proposals for €14 million in order that, if financial savings are found throughout the proposal analysis course of, profitable enterprises can be part of the plan.

Present small and medium-sized companies that implement expenditure within the class of digital upgrading (together with e-commerce), in addition to new SMEs whose funding proposal should embody e-commerce and/or the appliance of superior digital applied sciences, are potential beneficiaries of the scheme.

The Power Ministry estimates that round 300 SMEs will profit, and a excessive stage of curiosity is predicted from companies.