Sustainability is an increasingly important issue for many people, especially in the business world. For business owners, leaders, and administrators, sustainable business practices are becoming imperative.
The Investment Aid for Energy Efficiency Projects scheme supports undertakings in carrying out investments leading to improved energy-efficiency. The assistance is intended to facilitate investments in technological solutions that provide higher energy efficiency and contribute directly towards a reduction in the energy requirements of the beneficiaries.
The aid shall be awarded in the form of a cash grant/tax credit/combination of both.
Who is eligible?
This incentive is available to eligible undertakings that are duly registered in the European Union either as a partnership, a limited liability company or a similar set-up, have an operating base in Malta, and which adhere to the applicable State Aid regulations (vide Section 9).
For a project to be considered eligible:
Projects must have the aim of improving energy efficiency and may include:
How much is the grant?
The maximum aid intensity is set at 50%, 40% and 30% for small, medium and large undertakings respectively.
Applications for support must be submitted to the Corporation by not later than 31st October 2023.
Contact us for assistance!
If your business is interested in analysing how it can go green, contact our Advisory Manager, Jessica Camilleri on email@example.com for more details on this sustainable incentive.
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