The Ministry of Labour has announced the government will give financial aid to young Greek Cypriot couples and members of the Maronite community up to the age of 45, who consider moving to their villages in the north, in a bid to revitalise and develop these areas.
Beneficiaries need to be either married or have entered a cohabitation agreement, and intend to reside permanently with their family in the village for most days of the week, under the precondition that they are not Guaranteed minimum income recipients or receive other public aid.
According to needs, beneficiaries will receive up to €15,000 for families with children up to 18 years old, and €10,000 for families without children. Aid will be granted in two equal tranches to recipients, upon their settlement and after competing six months of residence.
The amount of aid will be decided in accordance with each family’s planning about building, repairing or maintaining their home, as long as beneficiaries receive no other aid for the same purpose.
Moreover, they are entitled to an one-off financial assistance of up to €2,000 to cover appliances or other necessary items, after completing six months of residence.
Finally, they may receive up to €3,000 as a financial assistance for setting up a business.
After completing one year of permanent residence, recipients will be entitled to a monthly allowance, according to the Resettlement Scheme in the north for as long as they meet the requirements of the plan and can prove that they continue to reside permanently in their village.