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Renovation of Private Sector Buildings Grant Scheme

Isaac Sammut  -  30/June/2022

As part of the Recovery and Resilience Plan for Malta, the Renovation of Private Sector Buildings Grant Scheme was launched on 13th June 2022.

In today’s day and age, the concepts of a green transition and a green recovery have undisputedly become essential to ensuring a greener future. The announcement of the new scheme paves the way for businesses to optimise their buildings through energy efficiency improvements, reduction in energy waste, and reduction in energy demand. This represents an opportunity for private sector buildings to undergo changes in their structures or systems, consequently upgrading the energy performance of their commercial building assets for their ongoing life.

The scheme seeks to assist enterprises through non-repayable grants to part-finance investments to retrofit their operations, and hence improve their energy and resource efficiency by reducing the energy used for heating, cooling, ventilation, hot water, and lighting. This includes actions involving systems for the above energy use as well as interventions on the building envelope that reduce the energy demand required by the above.

This Grant Scheme seeks to support investments to address high upfront costs of building renovation in the private sector, including commercial buildings.

The Grant amount that an Undertaking may receive is of €300 per m2 (capped at €1M per undertaking). The aid shall depend on the set aid intensities, as follows:

Investments in Malta

Investments in Gozo

Small and Micro

50%

Small and Micro

55%

Medium

40%

Medium

45%

Large

30%

Large

35%

 

The first call will be issued on 1 July 2022 and will close at noon on Friday, 30 September 2022.

If you are interested to know more, we are here to help! Get in touch now and let us help you transition to the green economy. Contact our Advisory Manager, Jessica Camilleri on jcamilleri@ksimalta.com, and Business Development Manager, Isaac Sammut on isammut@ksimalta.com to see how your business can benefit from this scheme.

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