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Wednesday, April 17, 2024

Six-month extension for New Business Activity Support Plan

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Παραταση Εξι μ&eta ;νoν για Σχeδιο Ενiσχυσης Νeας Επι&chi ;ειρηματικorς Δραστηριoτητας

By Alexia Kafetzis

Extension of six months for the full implementation of the investment proposals of the applicants that have been approved in the context of the First Announcement of the Grant Scheme for the Strengthening of New Business Activity, decided the Ministry of Energy, Trade and Industry.

Specifically, in its announcement, it is stated that the full implementation of the projects included in the Plan should be completed within thirty months, instead of twenty-four, from the date of the approval letter .

It is added that given the decision in question, point 12.2 of the Plan Guide has been amended to state that “the full implementation and completion of their investments, in accordance with the conditions set out in the Public Financing Agreement, it should be done within a period of thirty (30) months from the date of the approval letter they will receive from the Ministry”.

The date of completion of the investment is established by the invoices and other documents and/or by on-site inspection, it states.

Interested parties can obtain the revised Design Guide from the Industry and Technology Service website.

Source: 24h.com.cy

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