19.04.2023
Staying ahead of competition to grow a successful business is a challenging task especially when finances are low or when businesses are not in a position to opt for certain financial support. However, businesses should not be discouraged by lack of available funds within the entity. By opting for and securing EU funds, businesses can still step up their game to the next level, which will ultimately lead the business to being successful and getting the boost it needs to achieve a successful running and expansion of the business, including but not limited to employment inclusion and business investments.
The European Union offers various funding programmes aimed at different target groups and entities in various industries. Nonetheless, it also targets businesses, from start-ups to medium and large, and well-established firms.
Why opt for EU funding?
Funding by the European Union is linked to numerous benefits, including:
- International exposure
- Enhanced networking
- Access new markets
- Higher funding levels that local funding
- Improve social responsibility
- Access to more resources
Funding programmes
A popular EU funding programme for business is the Business Enhance ERDF Grant Scheme. This scheme assists businesses in investment projects to become more competitive and smarter through innovation as well as digitisation and digital connectivity to help businesses become more resiliant in the face of market challenges. In its latest call covering 2021 – 2027, the ERDF funding also targets more connectivity to businesses by enhancing mobility and support effective and inclusive employment, while also investing in smarter, greener and more connected and more social Europe that is closer to its citizens.
Although it may sound easy to just opt for EU funding, the application process can be slightly challenging, especially for those entities that do not have much administration support. This is where Fairwinds Management Limited steps in. The team of accountants and fund specialists can assist businesses from the very step of the application up to submission stage and beyond, to help entities realise their business’ full potential. Our support not only includes filling in of the EU funding application forms but also prepare all requested documents, business plans, and budgeting, amongst others.
Our team will ensure that the submitted application will be clear, concise, and tailored to the funding program’s requirements. Ultimately, the team will ensure that what’s written in the application form is possible for the business to achieve it in line with the programme’s eligibility criteria. If you think you are eligible to apply for the European Regional Development Fund and don’t know where to start, we encourage you to get in touch with our team on info@fairiwndsmanagement.net.
There are also other funding opportunities available that are not directly related to EU funding. More information can be accessed from our website: https://fairwindsmanagement.net/services/accountancy-services/funding-grant-schemes/.
Fairwinds Management Limited is a MFSA licensed firm offering Business Solutions in Malta. As part of our services, we offer Accounting, Administration, Corporate and Legal solutions. Fairwinds Management also manages the brand Accounting Services. More information about us and our key services please visit our website. You may reach Fairwinds Management on +356 2704 0903 or info@fairwindsmanagement.net.
Article written by Ms Charlene Sciberras, B.A. (Hons), guest writer, a marketing and business administration specialist with a special focus on corporate, accounting, and legal matters.