The objective of this Scheme is to provide incentives in the form of government funds, to legal entities (companies) who wish to operate in the sector of Agritourism.
Funding Sum: 50% on eligible costs to a maximum of €200.000, either for the original investment or not. For the use of exclusive activities relating to enrichment, the funding amount will reach 60% with the same amount limit.
The right to participate in this scheme have active, registered in Cyprus SMEs, which have, prior to the subsmission of their application, all necessary permits secured (consent, building permission, permission for premises).
Eligible uses of funding: a) Tourist Accomodation (agritourism accomodation, buildings which are classified as «Traditional» and b) small and medium-sized hotel units (up to 200 beds). Furthermore, restaurants, taverns, traditional coffee shops or other spaces of similar nature, for small-scale users, which qualify for the Scheme.
Enrichment activities which are associated with nature, culture, tradition, entertainment, etc. (i.e. Sales Displays of Traditional Products, Traditional Products Workshops/Arts/Workshops of Fine Arts/other occupations, Museum/Exhibit spaces, Cultural and Environmental Themeparks/centers and more).
Eligible Costs: Building projects, salaries for architectural services, civil engineers, and other consultants (surveyors, engineers, etc.) who are directly involved in construction works or financial advisors for the preparation of feasibility studies.