COVID19 REGENERATION INITIATIVE MALTA

UPDATED : As from 1st September, Malta Enterprise started sending emails to applicants of the Micro Invest scheme so that they may opt to receive part of the tax credit as a cash grant.

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.