INDUSTRIAL RESTRUCTURING PROJECT
FOR THE
CYPRUS MANUFACTURING INDUSTRY
The scheme's main goal is
the development and modernisation of the Cyprus manufacturing units through
subsidised consultancy services. The consultancy services are provided by accredited to
the Institute of Technology consultants, in the form of projects/studies, that deal directly
with the development and technological upgrading of the Cyprus Manufacturing Industry.
The network of accredited consultants and other
collaborators of the Institute of Technology comprise of scientists with specialised knowledge
and experience that cover areas of strategic importance for the industrial sector.
Studies are undertaken mainly in the following areas:
- Quality - ISO 9000
- Marketing
- Technology
- Environment
- Information Technology
- Production
- Economics
- Organisation
- Human Resources
- Energy
The scheme offers participating industrial units:
Mutual creative thinking and problem solving debates with the Institute of Technology
concerning issues for improvement and development in various areas of each industrial unit.
- 30% subsidy of the cost of each completed project
- 10% further subsidy of the cost of each completed project when the recommendations of the project are implemented.
- 40% subsidy of the cost of extra consultancy services provided for the implementation of the project's recommendations with a maximum of 5 consultancy man-days.
- 40% subsidy of the cost of registration for acquiring ISO 9000 certification.
The Industrial Restructuring Scheme has been
operating since December 1992, and up to the end of the first half of 1996, 252 industrial
units have applied to take part in the scheme.
Thirteen of these companies have completed or are undertaking a second project, while
five more have undertaken a third project under the Industrial Restructuring Scheme.
During the 3 ½ that the Scheme has been running,
48 companies have received the full subsidy allowed while another 68 have received the 30%
subsidy for completion of their projects. Furthermore, up to June 1996 the Institute of
Technology has granted subsidies that amount to CYP 175000.
Finally it must be noted that the Cyprus Government
recently renewed the continuation of the Scheme until the end of 1998.
For futher information you can reach us online by sending us e-mail at:
idrymatech@industry.cy.net
Designed by LogosNet Group
© 1996 Institute of Techology All Rights Reserved