SME Consultancy Services Grant Scheme

The SME Consultancy Services Grant Scheme seeks to support 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. These grants can be used to engage external consultants to draw up business plans, feasibility studies, organisation and operational reviews, and process […]

Written By Stephen Balzan

On November 16, 2016
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The SME Consultancy Services Grant Scheme seeks to support 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. These grants can be used to engage external consultants to draw up business plans, feasibility studies, organisation and operational reviews, and process and systems reviews. The maximum grant value under this scheme is set at €4,000 part-financing up to 80% of eligible costs. 

Eligible Costs – The scheme covers consultancy services procured from external consultancy service providers registered with the Intermediate Body under the scheme. The consultancy services covered by the grant are meant to primarily address services in relation to formulating and executing the business’ business plan and feasibility study support, including assistance with sourcing financing for such business plan. 

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected]. 

Disclaimer: This article contains general information only and is not intended to address the circumstances of any particular individual or entity. ACT, by means of this article is not rendering any accounting, business, financial, investment, legal, tax, or other professional advice or service. This article is not a substitute for such professional advice, nor should it be used as a basis for any decision or action that may affect your finances or your business. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. Before making any decisions or before taking any action that may affect your finances or your business, you should consult a qualified professional adviser. ACT shall not be responsible for any loss whatsoever sustained by any person who relies on this article.