30.08.2023
In today’s dynamic business landscape, growth and expansion are the key objectives for companies, regardless of their size. Fortunately, for companies based in Malta, many opportunities await through EU funding across diverse industries. Whether you’re a small startup or a well-established enterprise, tapping into these funding streams can help your business growth journey.
The process of accessing EU funds might seem complex but breaking it down into steps makes it more manageable. It all begins with identifying an opportunity that aligns with your business goals. Whether it’s investing in innovative technologies, expanding operations, or enhancing employment inclusion, there’s an EU funding programme tailored to your aspirations.
After identifying the right funding opportunity, the next step involves submitting a well-crafted application. This document outlines your proposed project or business expansion plan and how it aligns with the goals of the chosen funding programme. Success in the selection process translates on clarity, feasibility, and demonstrating how your initiative will contribute to the growth of your business and the local economy.
Programme Specifics
EU funding covers a vast spectrum of sectors. Industries ranging from agriculture and fisheries to research and innovation are eligible for financial support. Whether you’re aiming to invest in your business, boost employment, or foster innovation, there’s a funding avenue for you.
MicroInvest Scheme
Each funding programme has its own eligibility criteria, which are clearly outlined in the programme guidelines. One of the most popular schemes for Malta companies is the MicroInvest Scheme, spearheaded by Malta Enterprise. This scheme aids small and medium-sized enterprises in their journey of investment and expansion. It offers a tax credit based on eligible investments, providing a significant boost to qualifying businesses.
Business Enhance Grant Schemes
Another prominent funding avenue is the Business Enhance Grant Schemes. These schemes are designed to empower enterprises to undertake investment projects that foster long-term growth, innovation, and competitiveness. Whether you’re eyeing digital transformation, seeking consultancy support, or aiming to acquire equipment and machinery, there’s a grant scheme to cater to your needs.
Family Business Office Incentives
Malta acknowledges the importance of family businesses in its economy. To support these businesses, the Family Business Office Incentives have been introduced. These incentives provide various benefits to family businesses established in Malta under the Family Business Act. From fiscal incentives to advisory services, this programme aims to bolster family enterprises and ensure their sustainability.
Assistance with applications
At Fairwinds Management Limited, we understand the intricacies of accessing EU funds and unlocking growth opportunities. With a team of adept accountants and grant specialists, we’re poised to guide you through every step of the process. From preparing meticulous documentation and business plans to budgeting and beyond, we’re here to ensure your journey towards securing grants is seamless. These funding programmes serve as an incentive for Malta companies to accelerate their growth and make their mark on the global stage. If you’re ready to take your business to new heights, reach out to us at Fairwinds Management Limited.
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.