Funding Scheme for the Enhancement of Business Activity in the walled city of Nicosia – 1st Call


Programme Category

National Grant Schemes

Programme Name

Programmes of the Ministry of Interior

Programme Description

In this section you can find information on National Grant Schemes which are being published by the Ministry of Interior.


Programme Details


Funding Scheme for the Enhancement of Business Activity in the walled city of Nicosia – 1st Call


The Ministry of Interior announces of the 1st Call for Proposals for the Funding Scheme for Enhancement of Business Activity in the walled city of Nicosia.

The Scheme is part of the Action Plan for the Regeneration and Revitalization of Nicosia Within the Walls.

The Plan concerns the provision of financial support to Natural or Legal persons, owners or tenants of buildings (with the signed consent of the owners), carrying out or planning to carry out economic activity, for the purpose of strengthening business activity, in the area within the walls of Nicosia.

Detailed Call Description

The main objectives of the Scheme are: to attract new businesses within the walled city of Nicosia, to encourage existing businesses to move to the Scheme area, to encourage companies already operating in that area to expand their existing facilities for the enhancement of their business activity, the social and economic upgrading of the area, the upgrading of the built environment of the walled city of Nicosia while contributing to circular economy and green development, to making the area more attractive to citizens from the urban area of Nicosia and Cyprus overall, and the creation of new jobs.

The Scheme is funded by the Government Budget of the Republic of Cyprus. The total amount of €10 million will be allocated through Call for Proposals for the amounts of €2 million / year. The Scheme will remain available until December 31, 2026, and Potential Beneficiaries will be able to submit applications / proposals during specific time periods as these will be specified by relevant calls for proposals.

The 1st Call for Proposals was announced on June 1, 2022, for the total budget of € 2 million.

The submission of applications, within the framework of the 1st Call for Proposals of the Funding Scheme, will be available between June 1, 2022 and October 30, 2022. Submissions are made ONLY electronically, at the following link:

Applicants must meet the criteria and conditions defined by the Funding Scheme Guide in order to be eligible. The Guide and its accompanying Annexes are posted on the following website:

Call Total Budget

€10million (2 million euro per Year)

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

The amount of each sponsorship will amount to 60% of the eligible costs of each Proposal, with a maximum financial assistance of € 80,000 per work.

Thematic Categories

  • New Entrepreneurship
  • Regional Development
  • Small-Medium Enterprises and Competitiveness

Eligibility for Participation

  • Associations
  • Large Enterprises
  • Legal Entities
  • NGOs
  • Non Profit Organisations
  • Small and Medium Enterprises (SMEs)

Eligibility For Participation Notes

More information is available in Greek Language

Call Opening Date


Call Closing Date


National Contact Point(s)

Ministry of Interior, Department of Town Planning and Housing

Contact Person
Elena Herodotou
Contact Phone: +357 22 409838
Contact Email: