Promotion of Energy Audits in Small and Medium Enterprises

Closed

Programme Category

National Grant Schemes

Programme Name

PROGRAMMES OF THE MINISTRY OF ENERGY, COMMERCE AND INDUSTRY

Programme Description

In this section you can find information on National Grant Schemes which are being published by the Ministry of Energy, Commerce and Industry.

Programme Details

Call

Promotion of Energy Audits in Small and Medium Enterprises

Summary

The Plan aims to promote the implementation of energy audits in the areas where they carry out their economic activity and in which energy is consumed (buildings, industrial facilities and processes, agricultural facilities and transport) by SMEs that are registered and operate in areas under the control of Republic of Cyprus. The measure aims to carry out an energy audit in as many SMEs as possible.

Detailed Call Description

The SMEs in which an energy audit will be carried out are expected to receive detailed knowledge of their energy profile. They will also be informed about the prioritization and planning of cost-effective energy saving measures that they will be able to implement, based on the recommendations that the energy auditor will propose in his report. It is expected that the SMEs that will carry out an energy audit utilizing the provisions of this plan, will proceed to implement the energy saving investments proposed by the energy audit, utilizing other financial tools and/or private funds and/or licensed Energy Service Providers (hereinafter “PEY”).

The Scheme exclusively covers part of the expenditure for carrying out an energy audit, provided that it is carried out by an Energy Auditor (hereinafter “EU”) registered in the respective register in accordance with KDP184/2012.5 The EU register is posted on the website of the Energy Service of the Ministry of Energy, of Trade and Industry (hereinafter “YEEB”) (www.energy.gov.cy). The Plan does not cover investments with retroactive effect.

Call Total Budget

€200,000 (Public expense)

Financing percentage by EU or other bodies / Level of Subsidy or Loan

The rate of public funding will be 30% of the cost of the energy audit. The maximum amount for each SME can be up to €2,000.
Based on Article 3, paragraph 2 of the Regulation, the total amount of minor grants that can be granted to a single company per three (3) financial years amounts to €200,000.
Based on Article 2, paragraph 2 of the Regulation, the “single enterprise” includes all enterprises that have at least one of the following relationships between them:
  • one firm owns a majority of the voting rights of the shareholders or partners of another firm.
  • a company has the right to appoint or dismiss the majority of the members of the administrative, management or supervisory body of another company.
  • an enterprise has the right to exercise a dominant influence over another enterprise by virtue of a contract entered into with it or by virtue of a clause in the latter’s articles of association.
  • an enterprise that is a shareholder or partner of another enterprise controls alone, based on an agreement it has entered into with other shareholders or partners of that enterprise, the majority of the voting rights of the shareholders or partners of that enterprise.
Businesses that have any of the relationships listed with one or more other businesses are also considered a single business.
The remaining amount in addition to the Public Funding to cover the total cost of the energy audit is considered an own participation for its implementation.

Thematic Categories

  • New Entrepreneurship
  • Small-Medium Enterprises and Competitiveness

Eligibility for Participation

  • Small and Medium Enterprises (SMEs)
  • State-owned Enterprises

Eligibility For Participation Notes

All existing SMEs operating in areas effectively controlled by the Republic of Cyprus have the right to apply.
SMEs that may participate in the project should meet the following conditions:

  • in order for the applicant’s personal business, to submit a copy of the registration certificate in the VAT Registry
  • in the case of a general or limited partnership, it must be registered pursuant to the Law on Partnerships and Partnerships and Trade Names, as amended or replaced from time to time
  • in the case of a limited liability company with shares, it must be registered under the Companies Law, as amended or replaced from time to time

Provided that with the written authorization of the applicant/beneficiary, the sponsorship may be assigned to a third party (including the energy auditor or the energy service provider), after the approval of the application for sponsorship by the Commission.
“SME” means a business that meets the definition of Small and Medium Enterprises. In summary, “SME” means a business which:

  • employs less than 250 workers
  • has an annual turnover not exceeding €50 million or an annual balance sheet total not exceeding € 43 million.

Businesses that are part of larger groups should also take into account data related to employees/turnover or the balance sheet of the Grant Scheme to promote the implementation of energy audits in Small and Medium-sized Enterprises taking into account the definitions of Associates and Affiliated businesses in the Regulation .
In addition to the above limits, an enterprise cannot be considered an SME if 25% or more of its capital or voting rights are controlled, directly or indirectly, by one or more public organizations or public bodies, individually or jointly.
The buildings, facilities, equipment and vehicles for which the energy audit related to the submitted application is carried out should meet the following eligibility conditions:

  • To be used by SMEs for the purposes of carrying out their business activity.
  • Not to be used as residences in the case of buildings.
  • Be in areas under the control of the Republic of Cyprus

Call Opening Date

01/10/2022

Call Closing Date

31/12/2022

National Contact Point(s)

Address:
Ministry of Energy, Trade and Industry,
Andrea Arauzou 6,
1421 Nicosia, Cyprus

Call Center: +357 22867100
Facsimile (fax): +357 22375120
Email: perm.sec@meci.gov.cy