10 thousand Euros consultancy support from the European Development Bank to SMEs

Cyprus Turkish Chamber of Industry announced that the European Bank for Reconstruction and Development would provide up to 10 thousand Euros grant to SMEs for purchasing consulting services with the intention of determining the needs and ensuring the increase in the performances of small and medium-sized enterprises (SMEs).

The European Bank for Reconstruction and Development organized an information meeting about the grant program for North Cyprus at the Cyprus Turkish Chamber of Industry.

According to the statement made by the Cyprus Turkish Chamber of Industry, the grant rate will correspond to 75% of the total service cost. There is no time or sector restriction for the request of the consulting services.

Topics for requesting consulting services are as the following:

“Branding support, document management systems, online marketing, strategic planning -business plan, feasibility study, market research – marketing strategy, sales management, innovation, operations, supply chain management, sector-specific technology – computer aided manufacturing system, IT infrastructure – software development – web site, company management systems, engineering solutions, quality management systems ISO – financial management infrastructure  and systems, energy efficiency and environmental institutionalization – organizational structure, human resources, occupational health and safety. “

The criteria for applying to the grant program for SMEs are as follows;

Having not more than 250 employees and a maximum of 50 million Euros turnover, being registered in the Registrar of the Companies and being in a good financial position.