Scheme Plan to support New Business Activity

01.

Beneficiaries

  • Youth aged 18 to 29 (i.e., those who have completed their 18th year and have not yet reached their 30th year on the date of proposal submission).
  • Men aged 30 to 50 (i.e., those who have completed their 30th year and have not yet reached their 51st year on the date of proposal submission).
  • Women aged 30 to 55 (i.e., those who have completed their 30th year and have not yet reached their 56th year on the date of proposal submission).
  • Must be unemployed or salaried employees on the date of proposal submission.
  • Must not have been engaged in entrepreneurial activity for at least six (6) months prior to the date of proposal submission.

02.

Eligible Expenses

DIRECT EXPENSES – Actual Cost

  • Equipment
  • Special Facilities
  • Buildings – Construction / Expansion
  • Buildings – Renovation / Refurbishment
  • Buildings – Purchase
  • Advertising Promotion

INDIRECT EXPENSES – Calculated Cost

  • Other Expenses – Flat rate of 7%, calculated on the total of eligible direct expenses.
 

03.

Funding Percentage

  • Maximum eligible total budget for the application: €120,000
    Minimum eligible total budget for the proposal: €10,000

    Public Funding Percentage:

    • Category (A) (18-29 years old): 70%
    • Category (B) Men 30-50 years old: 60%
    • Category (C) Women 30-55 years old: 60%
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