Cypr

us

vers

ion

2.0

upda

te A

ugus

t 20

14

EURO

PE 2

014

- 202

0

COH

ESIO

N A

REAS

Budget breakdown

• A regional aid map defines the regions of a Member State eligible for national regional investment aid under EU state aid rules and establishes the maximum aid levels (so-called "aid intensities") for companies in the eligible regions. In order to enable Member States to tackle their own regional disparities, they can make certain areas eligible for aid, provided that they comply with an overall population coverage ceiling. The new map will be in force until 31 December 2020.

Maximum aid percentages2014 - 2020

• The designated areas, a list of regions with 419,713 inhabitants in total, cover 49.94% of Cyprus' population. Cyprus has proposed its assisted areas across the country on the basis of their socioeconomic situation (i.e. GDP per capita). Cyprus selected the assisted areas with a particular emphasis on promoting the tourism, agri-tourism and manufacturing sectors as well as the specific objectives of its regional and rural development policy.

• In all eligible areas the maximum level of aid that can be granted to investment projects carried out by large companies is 10% of eligible costs. This percentage can be increased by up to 10 percentage points for medium-sized enterprises and by up to 20 percentage points for small enterprises.

Maximum aid percentages2014 - 2020

Planning

• Partnership agreement approved• 2 OP’s submitted• Adoption of OP’s by European commission in Q3

2014• Expected first grant calls Q4 2014 for funding

priorities related to Op’s

http://ec.europa.eu/contracts_grants/pa/partnership-agreement-cyprus-summary_en.pdf http://ec.europa.eu/regional_policy/information/cohesion-policy-achievement-and-future-investment/factsheet/cyprus_en.pdf http://europa.eu/rapid/press-release_IP-14-868_en.htm

Funding priorities

Priorities for Cyprus are set out in a Partnership Agreement with the European Commission. The priorities are expected to include: • restructuring of the economy and enhancing

its competitiveness; • upgrading human resources, promoting of

employment and social cohesion; • protection and efficient use of resources.

• Cohesion policy will be delivered by 2 operational programmes (OPs), as in 2007-13 period:

• OP Competitiveness and Sustainable Development co-financed by ERDF and CF

• OP Employment, Human Resources and Social Cohesion co-financed by ESF

• Moreover there will be one Rural Development Programme co-financed by the EAFRD and one OP for Maritime and Fisheries supported by the EMFF,

Programme architecture

Budget breakdown Operational Programs

Allocation broken down by thematic objective and by fund

Allocation broken down by thematic objective and by fund

Budget breakdown Europe

Belgium

Bulgaria

Czech Rep

ublic

Denmark

German

y

Estonia

Irelan

d

Greece

Spain

France

Croati

aIta

ly

Cypru

s

Latvia

Lithuan

ia

Luxe

mbourg

Hungary

Malta

Netherl

ands

Austria

Poland

Portuga

l

Romania

Slove

nia

Slova

kia

Finlan

d

Swed

en

€ -

€ 20,000

€ 40,000

€ 60,000

€ 80,000

€ 100,000

€ 120,000

Other

Rural development (7) CAP

Direct payments CAP

European Territorial Coopera-tion

Regions

Total national spending

Astit

el X

1.0

00

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