Disaster Period Project Construction and Cost Support

Dear Member,

With reference to the letter sent to our Chamber by TOBB, KOSGEB has launched the "Disaster Period Project Construction and Cost Support" so that SMEs whose workplaces were damaged in the earthquake in the disaster region and which are striving to continue their business despite difficult conditions can sustain their activities.

Support of up to 1 million lira will be provided for project and construction cost expenses of workplaces to be newly built and construction cost expenses of workplaces whose construction is ongoing. The support has a 1-year grace period and will be repaid in a total of 3 years.

To whom will the "Disaster Period Project Construction and Cost Support" be given; Within the limits of budget availability, support will be provided for the project and construction costs of workplaces located in Organized Industrial Zones (OSB) and Small Industrial Estates, having a workplace damage status certificate obtained from official authorities, which the beneficiary will have built individually on site, and for the construction cost expenses of workplaces whose construction is ongoing. The said expenses must have been incurred after 06.02.2023. Beneficiaries with more than one damaged workplace will be able to benefit from this support for only one workplace. In order to benefit from the support, a building permit must have been obtained, and within 1 year from the date of the building permit, a "Building Occupancy Permit" or a level determination report issued by the authorized institutions stating that the work has been completed must be obtained and submitted to the relevant Implementation Unit.

When Will It Be Given; The support payment consists of two parts: project cost and construction cost. The project cost support will be provided following the issuance of the building permit, and its upper limit will be 100 thousand TL. The construction cost support will be paid in a total of 3 instalments, the first instalment being paid together with the project cost support payment. The total upper limit of the support is 1 million TL, and it will be provided at a rate of 100 percent, repayable and against collateral.

Kind regards,

Elazığ Chamber of Commerce and Industry