The RENEWAL Project is focused on developing the economic and social potential of the Greater Famagusta Region (including Famagusta Walled City and Deryneia), striving to support the improvement of the climate for reconciliation. It aims to enhance collaboration among civil society stakeholders, facilitate youth entrepreneurship through empowerment and networking opportunities and lastly, lay the soft infrastructure for business development which will lead to the improvement of economic potential of the region.
The RENEWAL project emerged from a series of wide consultations with stakeholders in the areas of Famagusta and Deryneia between January and March 2014 and builds on the needs of the local communities to develop the economic and social potential of the region by the creation of different opportunities for practical collaboration between Greek Cypriots and Turkish Cypriots.
The project focuses on three pillars of activities:
(a) Enhancing collaboration among civil society stakeholders in the region of Famagusta: Civil society organizations and groups of the two communities will engage in cross-cultural activities and events based on the preferences and needs of the stakeholders and beneficiaries of the communities. These activities will contribute to building trust among communities and help demonstrate the benefits of reconciliation.
(b) Supporting youth entrepreneurship through empowerment and networking opportunities. The project focuses on developing the skills of youth through business development and entrepreneurship skill training as well as helping to create networking opportunities between the youth in the two communities. At the present time, youth unemployment hovers at approximately 40% in the communities and youth are disenfranchised. Youth start-ups have been
highlighted as the untapped potential of the region. Working with Cypriot organisations specializing in youth and entrepreneurship, a series of youth entrepreneurship workshops are organized during the duration of the project, starting in November 2014. These are events provide opportunities where youth and entrepreneurs from the two communities can come together, network and explore business collaboration opportunities.
(c) Creating and supporting the soft infrastructure for business development that will help to lead to the improved economic potential of the region through supporting the development of local businesses as well as encouraging direct contact between businesses from both communities in the Famagusta region. Activities for business development are organized in a two stage process. Firstly, thorough needs assessments of businesses have been conducted in both communities to identify the local business needs with the aim of developing needs-driven business development training activities that will be organized for businesses in the Famagusta region. The project also aims to promote opportunities of business interaction between the two communities by providing brokering services for the facilitation of trade across the Green Line.
* Business Needs Assessment in Famagusta Walled City, Deryneia, Vryssoules and Frenaros identifying the local development needs for businesses in the Famagusta Region
* 9 Youth Entrepreneurship workshops scheduled until December 2014