Going digital - SME Digitalisation Grant Scheme

Isaac Sammut  -  13/July/2022

As part of the Recovery and Resilience Plan for Malta, the SME Digitalisation Grant Scheme was launched on 28th June 2022.

Considering the borderless and competitive nature of doing business globally, it is imperative for businesses to keep abreast of latest technology trends and products. Investment in such products is fundamental for survival and to remain current in today’s digital world. It has become obvious that digitalisation enables new economic opportunities, new business models, more efficient processes, and better client acquisition and retention.

This grant scheme seeks to assist SMEs through non-repayable grants to part-finance investment to digitalise their operations, and hence improve their resilience, efficiency, productivity, and customer experience by addressing new digital capabilities and digitalised processes such as product and process design and engineering, end-to-end procurement, supply chain/distribution and after-sales.

As part of the SME Digitalisation Grant Scheme, investments in digital technologies and related processes and implementation are promoted. Investments in hardware, software and other digital solutions are eligible if the content is directly related to the digitalisation investment and/or the funding objectives, i.e. the use of hardware, software and other digital solutions must be combined with new functions or improvements with regard to the existing initial situation of digitalisation in the enterprise.

This Grant Scheme will support eligible enterprises to undertake costs related to the development of e-commerce websites and the procurement of digital solutions such as:

  • Commercial-Off-The-Shelf (COTS) and Custom Software
  • Hardware (such as Laptops, Docking Station, Port Replicator, Monitors, Tablets)
  • Analytical Tools (including necessary hardware and software)
  • Cyber Security systems
  • Cloud computing
  • Routers, switches and WIFI-related equipment
  • Subscription-based software
  • Training costs

The maximum funding amount is €50,000 per digitalisation investment in digital technologies, part-financing eligible costs up to 50% for investments in Malta and 60% for investments in Gozo.

The benefits of going digital are ample. If you are a business seeking more efficient resource management, workflow optimisation, and customer-centric products through digitalisation, get in touch now and let us help you. Contact our Advisory Manager, Jessica Camilleri on, and Business Development Manager, Isaac Sammut on to see how your business can benefit from this scheme
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