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Grants & Incentives

Business Enhance ERDF Grant Schemes

Businesses may apply for any of the Grant Schemes offered by Business Enhance in the following areas;

01.

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.

02.

E-Commerce

This Grant Scheme is aimed at encouraging and supporting enterprises to increase their competitiveness by addressing this gap by adopting e-commerce through online sales in their daily operations.

03.

Consultancy

This scheme supports the development of a – Business Plan, Feasibility Study, Organisation and Operations Review and Process and Systems Review.

04.

Internationalisation

This Grant Scheme supports 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/services to new markets and by strengthening their international market presence.

05.

Diversification & Innovation

This Grant 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.

06.

Growth

This scheme assists SMEs to address this gap 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.

Start UP Tech.mt

Start-UP Grant

This Grant Scheme assists start-ups, engaged in one of the following 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.

Since these are funds from the 2014-2020 EU funds programme, deadline for applications is June 2021. However, this may be extended further. More info will be available during Q4 of this year.

Face-to-face meetings with interested parties and prospective applicants are held every week. Interested parties may get in touch on 22957100.

Malta Development Bank

MDB

BOV SME Invest Scheme

The purpose of this facility is to assist SMEs, including start-ups, by enhancing their access to finance.
Bank of Valletta, in collaboration with the Malta Development Bank (MDB), has launched ‘BOV SME Invest’ a product aimed at SMEs planning new capital investment projects. BOV SME Invest provides easier access to finance to SMEs through reduced collateral requirements and finance costs.

CGS

COVID-19 GUARANTEE SCHEME

CGS is part of the wider package of Government’s COVID-19 Response Support Programme.
The MDB COVID-19 Guarantee Scheme (CGS) provides guarantees to commercial banks in order to enhance access to bank financing for the working capital requirements of businesses in Malta facing a sudden acute liquidity shortage as a result of the COVID-19 outbreak.

MIMCOL Logo

MIMCOL Seed Investment Scheme

The Seed Investment Scheme offers incentives in the form of tax credit to investors in return for investment in qualifying Maltese start-up or ear stage companies. The scheme offers young entrepreneurs a route to vital funding in the initial stages of their project by effectively minimizing the risk to investors.