Announcement of Call 2 for the SME Growth Grant Scheme and the Start-up Investment Grant Scheme

The Measures and Support Division within the Ministry for European Affairs and Equality (MEAE), designated by the Managing Authority as the Intermediate Body responsible for administering aid schemes for enterprises under the European Regional Development Fund (ERDF) under the 2014 – 2020 programming period, has announced the following the second call for the following schemes: […]

Written By ACT Team

On September 11, 2017
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The Measures and Support Division within the Ministry for European Affairs and Equality (MEAE), designated by the Managing Authority as the Intermediate Body responsible for administering aid schemes for enterprises under the European Regional Development Fund (ERDF) under the 2014 – 2020 programming period, has announced the following the second call for the following schemes:

SME Growth Grant Scheme – This scheme seeks to assist SMEs by providing support in the form of non-repayable Grants to part-finance investments towards the implementation of their growth strategies related to the extension of the capacity of an existing establishment, or the setting up of a new establishment.​  The maximum grant is capped at Eur500,000.

Start-up Investment Grant Scheme – This Grant Scheme seeks to assist start-ups, engaged in a number of activities, to part-finance their initial productive investment in Tangible and Intangible assets, in line with a business plan, to implement their business growth strategies.  The maximum grant is capped at Eur300,000, financing up to 50% of the eligible expenditure.

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].