The financial support scheme, “Lifeline Support for Businesses” with a total budget of €3 million was launched for self-employed, micro and small businesses in the food & beverage services sector, as part of a larger economic support package funded by the European Union. The scheme will help to address potential cash flow difficulties due to the impact of the COVID-19 pandemic.

The purpose of this financial support scheme is to support a “kick-start” of the economy and prevent otherwise viable self-employed, micro and small businesses in the food & beverage services sector from being forced to close.  This scheme will be open to all self-employed, micro and small businesses that are members of 'Turkish Cypriot Chamber of Shopkeepers & Artisans (KTEZO)' or 'Turkish Cypriot Chamber of Commerce (KTTO)' or the 'Restaurants Owners Association (RESBIR)' and who meet the scheme criteria.

The deadline for submission of the online application form, which can be found on www.isdestek.eu, is 16 September 2020 at 15:00 Cyprus time. Applications submitted after the deadline will be ineligible. This scheme is managed in cooperation with YAGA, KTEZO, KTTO, and RES-BİR within the scope of ‘Innovative Entrepreneurship and Dialogue’ Project implemented by Northern Ireland Cooperation Overseas (NI-CO) and financed by the European Union. Please visit here for more information.

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