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
HUDSON: Financial Incentives
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