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COVID19 REGENERATION INITIATIVE MALTA
#COVID19 REGENERATION INITIATIVES MALTA: MICROINVEST CASH CONVERSION
As a direct injection to those who invested in 2019 and who benefited from Malta Enterprise’s tax credit scheme, Microinvest, there will be a conversion of 30% of these credits into grants. Costs covered include refurbishment and upgrading of offices & factories, investment in machinery and other assets.
This will support those at a particular disadvantage due to having made an investment around a year ago, soon before the pandemic hit — with a grant of up to € 2,000 for any business.
Businesses in Gozo, family-run businesses, and those run by female entrepreneurs will receive a grant of €2,500.
In total this measure will provide around €5 million to small and medium enterprises in our country.
For more information go to the article published on Malta Enterprise.
