Launch of two additional schemes as part of the Business Enhance ERDF Grant Schemes Initiative | Deloitte Malta | News alert has been added to your bookmarks.
Launch of two additional schemes as part of the Business Enhance ERDF Grant Schemes Initiative
Deloitte Malta News Alert
Two new schemes have recently been launched as part of the Business Enhance ERDF Grant Schemes Initiative: the SME Consultancy Services Grant Scheme and e-Commerce Grant Scheme. The overall budget allocated to the SME Consultancy Services Grant Scheme is €1 million, while the budget for the e-Commerce Grant Scheme is €5 million. Both schemes will be administered through open rolling calls with the first call closing on 28 February 2017. This brings a total of open ERDF schemes to four.
Overview of open schemes
The SME Diversification and Innovation Grant Scheme
The scheme will assist SMEs through non-repayable grants to:
- Part-finance investment to develop focused strategies;
- Implement an investment in favour of diversification; or
- Support investment that will create significantly improved and advanced products or services in addition to those already offered by the undertaking.
Eligible enterprises may receive assistance of up to a maximum grant value of €200,000 with aid intensity of 50% on eligible expenditure.
SME Internationalisation Grant Scheme
The Grant Scheme is intended to:
- Facilitate the process of the internationalisation of SMEs through active participation at international business promotion fairs;
- Internationalise the undertaking by means of introduction of its products or services to new markets and the strengthening of its international market presence.
The maximum grant of the scheme is €10,000, part-financing 50% of eligible expenditure.
SME Consultancy Services Grant Scheme
This measure 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.
e-Commerce Grant Scheme
This measure seeks to assist undertakings through a non-repayable grant to part-finance investment for the development of e-commerce websites and/or mobile applications. The investment should enable online payments or booking systems through the integration of an online payment gateway. Upgrades to existing systems are also eligible. The maximum grant value under this scheme is set at €5,000 part-financing up to 50% of eligible costs.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.
Deloitte Malta refers to a civil partnership, constituted between limited liability companies, and its affiliated operating entities: Deloitte Services Limited, Deloitte Technology Solutions Limited, Deloitte Digital & Technology Limited, Alert Communications Limited, Deloitte Technology Limited, and Deloitte Audit Limited. The latter is authorised to provide audit services in Malta in terms of the Accountancy Profession Act. A list of the corporate partners, as well as the principals authorised to sign reports on behalf of the firm, is available at www.deloitte.com/mt/about.
Cassar Torregiani & Associates is a firm of advocates warranted to practise law in Malta and is exclusively authorised to provide legal services in Malta under the Deloitte brand.
Deloitte provides audit, consulting, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and high-quality service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 245,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn, or Twitter.
This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte Network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this communication.
© 2016. For information, contact Deloitte Malta.