Grant Schemes : Start up, Seed, SME Investment

A variety of grant and investment schemes have been introduced by the Government to further enhance the development of a more business-friendly environment to ensure more solid and competitive businesses. Under the Business Enhance ERDF Grant Schemes Initiative, the Start-Up Investment Grant Scheme and the SME Growth Grant Scheme are the first two schemes to be launched. The Government has also recently introduced the Seed Investment Scheme in collaboration with MIMCOL, the Malta Investment Management Company Limited, creating an opportunity for investors to inject financing in SMEs which are still in their early stages, providing them with the necessary assistance to help them grow and flourish.

Don’t miss out on this opportunity! PKF can assist and advise you to choose the best scheme tailored to your needs, as well as in the preparation and application stage. PKF are equipped with the necessary resources, dexterity and skills required to take you to the next stage of realising your inner genius. Having both start-ups and SMEs in our portfolio, lends us a familiarity that is only amassed through experience garnered. Being an SME ourselves allows us not only to empathise but also to sympathise with our growth-seeking clients. Finally, we listen, where to listen is key to entrepreneurial enhancement.

Visit our Grant Scheme online Brochure

Start Up Investment Grant Scheme
The Start Up Investment Grant Scheme provides a part-financing 50% of eligible expenditure to support micro and small start up enterprises which have not been established for more than 3 years. Provided that the entity is engaged in one of the qualifying activities, ranging from ICT, biotechnology, pharmaceuticals and life sciences, to the development and provision of tourism products and services and health and well-being services and products, a maximum grant of €300,000 may be awarded for the implementation of the entity’s business growth strategies. Read more

 

SME Growth Grant Scheme
Targeted towards enhancing the development of SMEs, in relation to tangible and intangible assets, as well as the undertaking’s workforce, the SME Growth Grant Scheme provides a maximum grant of €500,000 part-finance investments towards the extension of the capacity of an existing establishment, or the setting up of a new establishment. Read more

 

Seed Investment Scheme
Offering incentives through a tax credit of 35% of the aggregate value of investments made, the Seed Investment Scheme provides investors with an opportunity to invest in SMEs which are still in their early stages and require access to finance. Read more

 

Micro Invest

This scheme encourages undertakings including start-ups, family businesses and self-employed to invest in their business, so as to innovate, expand and develop their operations. Undertakings benefiting from this measure will be supported through a tax credit calculated as a percentage of eligible expenditure and wages costs. Read more

 

Micro Guarantee Scheme

The Micro Guarantee Scheme is established with the objective to accelerate growth by facilitating access to debt finance for smaller business undertakings. Read more

 

Rent Scheme

This scheme supports small undertakings engaged in an eligible activity that requires industrial space as a temporary, or permanent, solution to:

  • implement growth plans;
  • handle an increase in orders; and/or
  • carry out process innovations required to increase efficiency

Read more

 

Business Start (B.Start)

Malta Enterprise, via Business START is offering a seed funding for start-ups. The measure is intended to support Small Start-up Undertakings that have a viable business concept and are in the early stage of its development. The final date for submitting applications shall be 30th October 2020. Read more

 

E-Commerce Grant Scheme
This scheme aims at encouraging and supporting enterprises to increase their competitiveness by addressing this gap by adopting e-commerce through online sales in their operations. It is targeted at micro enterprises, small enterprises and medium-sized enterprises. This scheme remains operational until 31st December 2020 subject to availability of funds. Read more

 

SME Consultancy Services Grant Scheme
This measure supports SMEs through the provision of assistance in the form of a non-repayable grant to cover part of the costs incurred for external consultancy services contracted to assess and evaluate the potential of re-engineering the organisation and its operations. This scheme remains operational until 31st December 2020. Read more

 

SME Internationalisation Grant

This grant seeks to support SMEs through the provision of grants to part-finance costs to actively participate in International Business Promotion fairs held outside the territory of the Republic of Malta, aimed at the internationalisation of the undertaking by introducing their products or services to new markets and by strengthening their international market presence. The target group is microenterprises, small enterprises, and medium-sized enterprises. Read more

 

SME Diversification and Innovation Grant Scheme

This scheme aims to incentivise SMEs to adapt and become more resilient and address market challenges whilst offering timely support to nurture the right environment towards the potential future business growth of the enterprise. Read more

 

Business Enhance RD&I Grant Scheme

The scheme supports enterprises through the provision of a non-repayable grant for research, development and innovation actions within the Smart Specialization Areas outlined in the National Research and Innovation Strategy 2020.  The scheme addresses specifically areas in manufacturing, aviation and aerospace, health, ICT, tourism product development and maritime services. Read more

 

Business Association Grant

The aim of this incentive is to promote the development and continuity of small Business Associations that aim to facilitate collaboration and develop their relevant business sector. Read more

 

Business Development and Continuity Scheme

The Business Development & Continuity Scheme is intended to facilitate value-adding projects that are expected to contribute to the regional development of Malta and to support existing undertakings sustain operations during restructuring. Read more

 

Tax Credits Supporting the Refurbishment of Hotels and Restaurants

This scheme will be accepting project applications for the refurbishment of hotels and restaurants that would lead to an improved tourism product or service. This scheme is eligible until 28th November 2019. Read more

 

Aid for Research and Development (Tax Credit)

This incentive measure allows companies to claim tax credits on costs incurred directly or indirectly in carrying out an R&D project or projects relevant to the company’s trade. Eligible projects should seek to achieve an advance in a field of science or technology through the resolution of scientific or technological uncertainty. Read more

 

Startup Advance

Startup Advance scheme intends to support small startup undertakings that are in the process of consolidating a business operation that has demonstrated market potential and is deemed as economically feasible and innovative by the Corporation. Read More

 

Research and Development

The aim of this incentive is to assist undertakings that carry out Industrial Research and Experimental Development required for acquisition of knowledge leading to the development of innovative products and solutions. This will be active until 31st December 2020. Read more

 

Family Business Transfer of Ownership

The purpose of the incentive is to assist and facilitate family businesses to transfer their business from one generation to the next by providing benefits including governance and fiscal benefits for the better management and organization within the family and the business. The scheme is available until 31st December 2020. Read more

 

How can we assist you

Don’t miss out on this opportunity! PKF can assist and advise you to choose the best scheme tailored to your needs, as well as in the preparation and application stage.

PKF are equipped with the necessary resources, dexterity, and skills required to take you to the next stage of realising your inner genius. Having both start-ups and SMEs in our portfolio lends us a familiarity that is only amassed through experience garnered. Being an SME ourselves allows us not only to empathise but also to sympathise with our growth-seeking clients. Finally, we listen, where to listen is key to entrepreneurial enhancement

Take a look at our extensive Doing Business in Malta Brochure or our Grant Scheme online Brochure.

Our team can be contacted here:

A:         PKF Malta 35 • Mannarino Road • B’kara • BKR 9080 Malta
T:         +356 21 484 373, +356 21 493 041
E:         info@pkfmalta.com