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Change to Grow Scheme

Jessica Camilleri  -  5/January/2022

The COVID-19 pandemic has had a significant impact on the operation of most businesses which are bound to face long-term repercussions. Nonetheless, such a situation has given business the opportunity to improve their performance and grow by enhancing their processes, embracing digital technology, and implementing sustainable solutions.

The Change to Grow Scheme can part-finance this strategic shift in operations which covers the digitisation of business processes, pricing analysis to renew business models and identification of methods to be competitive.

Who is eligible?

Applicants must be self-employed, or a micro, small or medium-sized enterprise having at least one full-time employee (full-time self-employed persons are considered to meet this criterion).

How much is the grant?

Up to €5,000 may be awarded for Advisory Services and up to an additional €5,000 may be awarded to implement recommendations pursuant from the Advisory stage. Therefore, eligible undertakings may benefit from a maximum grant of €10,000, disbursed as a reimbursement of 75% of eligible costs incurred.

Eligible investment costs in tangible assets include procurement of off-the-shelf software solutions (including new licenses), new subscriptions to Software As A Service (SaaS) solutions and others.

Applications are open until Monday 31st October 2022.

Contact us for assistance!

Contact our Advisory Manager, Jessica Camilleri on jcamilleri@ksimalta.com to see how your business can benefit from this scheme.

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