The Monegasque government is encouraging owners and tenants to give their homes a make-over by offering a “renovation bonus” as part of the State’s plan for economic recovery.
The new subsidy is now available for individuals over the age of 65 who would like to replace a tired kitchen, revamp a bathroom, repaint their home, or do anything else that is required. Monaco-based contractors must be recruited to complete the works.
The incentive equals 20% of the total cost with a cap at €2,000. The State will give the payment directly to the company chosen to complete a project, upon presentation of an invoice.
The government considers the incentive as two pronged: on the one hand, the construction projects will serve to improve the quality of life of residents, and on the other, they will help struggling local businesses.
Registration is a simple “one-stop shop” process by either downloading a link from the government’s website (click here) or by going in person to the Department of Social Action and Aid at 23 Avenue Albert II, located on the 2nd floor above the pharmacy in Fontvieille.
For more information, contact the Department of Social Action and Aid directly on +377 98 98 41 00 or email them at email@example.com
Photo by Monaco Life