Athienou: Cyprus’ Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, announced the Major Investment Measure of the Common Agricultural Policy (CAP) Strategic Plan 2023-2027. The plan, totaling £67.5 million, includes a dedicated allocation of £7.5 million specifically for the first installation of young farmers.
According to Cyprus News Agency, during her speech at an event in Athienou, Panayiotou introduced a new special financing facility by the Cyprus Electricity Authority. This facility aims to support professional farmers in installing photovoltaic systems connected to the grid, enhancing sustainable energy usage in agriculture. The event coincided with World Environment Day, providing an opportune moment to highlight the environmental focus of the CAP and the effects of climate change on agriculture.
Panayiotou emphasized that, for the first time, the investment scheme incorporates an 80% assistance rate for environmental expenditures. This approach reflects a commitment to environmental sustainability and resilience against climate change impacts. The CAP Strategic Plan 2023-2027, she noted, is environmentally oriented, with significant emphasis on ecological programs and agri-environmental interventions.
The Minister also highlighted the importance of updating existing CAP mechanisms to provide substantial support for farmers, particularly in response to evolving challenges. She underscored Cyprus’ intention to focus on climate change adaptation and sustainable water management during its Presidency of the Council of the European Union beginning January 1, 2026.
Interest in the small investment scheme surpassed expectations, with eligible applications amounting to £12.7 million, exceeding the initial target of £10 million. Panayiotou assured that her ministry maintains ongoing consultations with stakeholders, including agricultural organizations, to ensure interventions are tailored to Cyprus’ specific needs, benefiting both society and the agriculture sector.