THIS SCHEME IS CURRENTLY CLOSED
SME Growth Grant Scheme (2nd issue)
MAXIMUM GRANT CAPPED AT €500,000
This scheme assists 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.
|Size of Undertaking||Aid Intensity|
|Projects in Gozo||Projects in Malta (in assisted areas designated in Malta’s Regional Aid map, as outlined in Annex A)||Projects in Malta (in localities not falling within the Regional Aid map)|
|Micro and Small||35%||30%||20%|
- Micro Enterprises
- Small Enterprises
- Medium-sized Enterprises
For many SMEs, achieving growth is an important business objective. Market demands require rapid response from enterprises to sustain their competitiveness and grow. As they pursue growth in sales and earnings, SMEs are putting in place a variety of measures to ensure they are well positioned to exploit growth opportunities. Such challenges push SMEs to take up initiatives to increase their market share, enter new markets and internationalise to overcome regional challenges.
SMEs have limited financial resources and encounter difficulties in accessing finance to generate the required capital to take up investment projects. The lack of readily available financing options pose greater difficulties to SMEs to react to market demands. where SMEs are required to undertake rapid and timely intervention through investment on expansion projects to enable them to secure the adequate capacity levels to re-align and secure their supply levels.
Initial Investment in tangible and intangible assets related to:
- the extension of the capacity of an existing establishment,
- the setting up of a new establishment.
The investment should result in the growth of the undertaking, and an increase in the number of employees (full-time equivalent) employed by the undertaking.
- Lease of private operational premises
- Construction/upgrades on private operational premises
- Purchasing of equipment, machinery and plant
- Patents and licenses
This Scheme is demand driven and managed through an open rolling call, which can be found here.
Documents related to Growth can be found below: