Why is this relevant to your business?
The Investment Aid scheme is designed to facilitate and incentivise initial investments projects such as the setting up of new establishments as well as the expansion and development of existing businesses by providing assistance in the form of tax credits or tax grants.
The aid awarded shall amount to a percentage of qualifying expenditure incurred, varying from 10%-30% depending on the size of the undertaking.
Who is eligible?
Small and medium enterprises, as well as large undertakings, are eligible for this scheme. The undertaking must also operate from Malta and be incorporated in the European Union as a partnership, a limited liability company, cooperative or similar set-up. Undertakings newly set up for the implementation of a new project are also eligible.
The Scheme’s criteria regarding eligible activities have recently been widened and thus, qualifying activities include, but are not limited to:
What is eligible?
Eligible expenditure includes the investment in tangible and intangible assets, or the wage costs of new employment created within three years of the completion of the project.
How much is the grant?
The aid intensity for small undertakings is set at 30% while that of medium-sized and large undertakings is 20% and 10% respectively.
Applications are open until the 31st of October 2021. However, the Corporation is also accepting applications for any investment project with start of works from January 1, 2022 to December 31, 2023 (or later in certain circumstances), provided that the corresponding application forms are sent to the Corporation by October 31, 2021.
Contact us for assistance
Get in touch with our Head of Advisory, Reece Delia on email@example.com to find out how your business can tap into this funding opportunity.Go Back
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