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SME Growth Grant Scheme

Reece Delia  -  10/August/2021

Why is this relevant to your business?

Growth is crucial for the long-term survival of a business. It makes it easier to attract new talent, fund investments and drive business performance and profit. Business survival depends on the ability of the enterprise to focus investment towards growth potential.

The SME Growth Grant Scheme can help with the implementation of growth strategies related to the extension of the capacity of an existing establishment or the setting up of a new establishment. Expenditure related to construction, purchasing of equipment, machinery, and/or plant and patents/licenses can be significantly lowered thanks to this incentive.

Who is eligible?

Micro, Small and Medium-sized Enterprises engaged in an economic activity are eligible for this scheme (provided that the exclusion criteria are not met).

How much is the grant?

Undertakings eligible can benefit from up to €500,000 in the form of a non-repayable grant! The aid intensity is set at 30% for micro and small undertakings and at 20% for medium-sized undertakings.

Applications close on the 31st of December 2021.

Contact us for assistance

KSi Malta can provide you with professional support and help guide you to tap into schemes like the SME Growth Scheme to finance your growth opportunities. Applicants interested are to contact our Head of Advisory, Reece Delia on rdelia@ksimalta.com for further information. 

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