April 18, 2024 5 min read
CYPA: 1,134 additional youth business plans approved for a further €14,800 grant

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The results of the evaluation of the applications - business plans for the second cycle of the Programme for the granting of grants for business initiatives for the employment of young freelancers aged 18 to 29 years old with emphasis on the digital economy have been posted on the website of the Public Employment Service (PES).

In particular, in this cycle, 1,134 applications - business plans were approved and 692 were rejected. It is recalled that in the first cycle 1,483 applications - business plans were approved. In total, 2,617 applications have been approved to date, with a total amount of funding 38.7 million. euros.

The aim of the 12-month action of the DYPA is to promote self-employment of young unemployed 18-29 year olds through the creation of sustainable businesses, with an emphasis on the digital economy.

The grant amounts to 14,800 euros and will be paid in three installments:

  • 1st installment of 4,000 euros, after the start of activity at the Tax Office
  • 2nd instalment of EUR 5,400, after the end of the first semester from the start of
  • 3rd instalment of EUR 5,400, after the end of the second semester from the start of the

Objections will be submitted exclusively electronically through the State Aid Information System of the Ministry of Development and Investment, at the following address: https://www.ependyseis.gr .

Dates: From Monday 10 April 2023 at 13:00 until Tuesday 25 April 2023 at 15:00.

The project, with a total budget of 45.000.000 euros, is co-funded by the Greek State and the European Social Fund - Youth Employment Initiative under the Operational Programme "Human Resources Development, Education and Lifelong Learning 2014-2020".

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