EU Grant Schemes

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     Terms & Conditions apply to eligibility and to the type of investment undertaken by eligible enterprises

     

    Want to grow your business? But insufficient funds are stopping you?

    Nexia BT can help you access EU funds to help you accomplish whatever is on your mind.

    Let us explain to you how:

    The European Regional Development Fund 2014-2020 allows for part-financing of a total of €51 million in grants which have been allocated under the Business Enhance ERDF Grant Schemes. If you have a business, then this money can help you expand it.

    In order to be eligible for funding, the project has to be submitted for the approval of the Managing Authority before being implemented. You can use these grant schemes to undertake investment projects aiming at securing your business growth.

    These schemes can help you in becoming more competitive, innovative and more resilient to market challenges.

    **The approval of the grant is at the sole discretion of the relevant authorities.

     

    What Are The EU Grant Schemes?

    Well, there are several schemes which you can benefit from, with specific financing options varying between 20% to 50% of the eligible expenditure.

    The scheme-specific maximum grant awarded can range between €5,000 to €500,000.

    Except for the Start-up Investment Grant Scheme which is only available for micro and small enterprises, the other schemes are also available for medium-sized enterprises.

     

    The Top EU Grant 5 Schemes

    1. Start-up Investment Grant Scheme
    2. SME Growth Grant Scheme
    3. SME Diversification & Innovation Grant 
    4. SME Consultancy Services Grant Scheme
    5. SME Internationalisation Grant Scheme
     

    1. Start-up Investment Grant SchemeStart up scheme Malta

     

    The Start-up Investment Grant scheme - the name says it all.

    Make the most from this scheme by boosting all of your innovative ideas and overcome all the economic early-stage challenges.

    If eligible, you can get a grant equivalent to 50% of eligible costs, up to €300,000.

     

    Eligible Costs*Include:

    • Leasing/rental of private operational premises 
    • Construction/upgrades on premises
    • Purchasing of equipment, machinery & plant
    • Patents & licenses 

    **Conditions apply in line with Guidelines issued by the Managing Authority

    Don't let money hold you back from implementing your business growth strategies.

    Eligible Industries: 

    • Manufacture, improvement, assembly, preservation, processing of goods, materials, commodities, equipment
    • Biotech, Pharma and life sciences
    • Repair, overhaul and maintenance of pleasure crafts
    • ICT and Software Development
    • Eco-innovations and Environmental Solutions
    • Tourism products and services related to niche markets, related to the promotion of natural and cultural heritage, related to social tourism, senior tourists, accessible tourism and active aging
    • Boutique Hotels and Palazzini
    • E-health Solutions
    • Development and provision of services and products promoting healthy living
    • Development and provision of services and products promoting active aging
    • Development and provision of services and products related to child-day care
     

    If your business does not qualify under the start-up status there is another scheme you can benefit from:

     

    2. SME Growth Grant SchemeSME growth scheme

     

    The SME Growth Grant Scheme can help you respond to market demands quickly with a maximum grant of €500,000 so that you can undertake timely interventions.

    You can part-finance your eligible expenditure related to the extension of the capacity of an existing establishment, or the setting up of a new establishment.

    If you are a micro/small sized enterprise, you may be eligible for 30% co-financing, whilst if you are a medium sized enterprise then the co-financing is of 20%.

    Eligible Costs Include: 

    • Leasing/rental of private operational premises 
    • Construction/upgrades on premises
    • Purchasing of equipment, machinery & plant
    • Patents & licenses 

    Eligible Industries: any company interested in expanding excluding those operating in:

    • Agriculture
    • Tobacco
    • Steel
    • Energy
    • Coal
    • Shipbuilding
    • Transport
    • Financial and insurance services
    • Real Estate activities
    • Gambling and betting

    **Conditions apply in line with Guidelines issued by the Managing Authority

    There is another scheme which can be advantageous for you:

     

    3. SME Diversification and Innovation Grant SchemeEu-Funding-hotel

    The SME Diversification and Innovation Grant Scheme, which has a maximum grant of €200,000 can help you develop focused strategies and implement an investment in favour of diversification and fundamental changes.

    Not just that, you can also use it towards introducing significantly improved and advanced products/services to the market.

    Together with the SME Diversification and Innovation Grant Scheme 

    Eligible Costs Include: 

    • Leasing of private operational premises
    • Construction/upgrades on Private operational premises
    • Purchasing of equipment, machinery and plant
    • Patents & licenses 

    Eligible Industries: any company interested in expanding excluding those operating in:

    • Agriculture
    • Tobacco
    • Steel
    • Energy
    • Coal
    • Shipbuilding
    • Transport
    • Financial and insurance services
    • Real Estate activities
    • Gambling and betting

    But wishing to diversify into:

    • Manufacture, improvement, assembly, preservation, processing of goods, materials, commodities, equipment
    • Biotech, Pharma and life sciences
    • Repair, overhaul and maintenance of pleasure crafts
    • ICT and Software Development
    • Eco-innovations and Environmental Solutions
    • Tourism products and services related to niche markets, related to the promotion of natural and cultural heritage, related to social tourism, senior tourists, accessible tourism and active aging
    • Boutique Hotels and Palazzini
    • E-health Solutions
    • Development and provision of services and products promoting healthy living
    • Development and provision of services and products promoting active aging

    Development and provision of services and products related to child-day care. Additionally, if you qualify, the wage costs of a Change Manager employed specifically through the project can also be taken care of.

    **Conditions apply in line with Guidelines issued by the Managing Authority

    4. SME Internationalisation Grant SchemeEu-Funding-internatioanlisation-1

     

    The SME Internationalisation Grant Scheme has a maximum grant of €10,000 and is aimed at the internationalization of the Undertaking by introducing their products/services to new markets and by strengthening their international market presence.

    If your business is eligible then this can be done by part-financing 50% of your eligible expenditure.

    Eligible Actions

    To be eligible, you need to be actively participating in International Business Promotion Fairs held outside Malta meaning having a stand and exhibiting products/services at the fair.

    The incentive supports SMEs actively participating in International Business Promotion Fairs, by covering part of the costs required to set-up and run a stand to exhibit their products/services, by covering a number of costs items including travel costs and Per Diem for up to 2 employees/directors of the Enterprise up to fixed thresholds.

    Eligible Costs Include: 

    • Participation fee
    • Rental of the exhibition space/stand
    • Costs related to the construction and setting-up of the stand
    • Travel Costs
    • Per Diem
    • Design and printing of branding material
    • Shipment of exhibits

    **Conditions apply in line with Guidelines issued by the Managing Authority.

     

     

    5. SME Consultancy Services Grant SchemeEu-Funding-consultancy-1

     

    Consultancy has become a constant element supporting enterprises in their decision-making in a globally competitive environment. The SME Consultancy Services Grant Scheme provides a maximum grant of €4000.

    It is typical of SMEs to have finite resources at their disposal to assist them in their decision making to embark on investment initiatives, and in evaluating their growth and competitive potential. This deficit presents a dependency on outsourcing consultancy services.

    The SME Consultancy Service Grant Scheme aims to support Small and Medium Enterprises by part-financing 80% their expenditure for consultancy services procured from external consultancy service providers for the development of:

    • Business Plan
    • Feasibility Study
    • Organisation and Operations Review
    • Process and Systems Review

    **Conditions apply in line with Guidelines issued by the Managing Authority

     

    Get EU Grants Today

    Interested?

     Let us help you build a path to a successful business.

    We can help you understand the Business Enhance ERDF Grant Schemes and how you can benefit from such schemes.

    Established by Brian Tonna, managing partner, Nexia BT is a corporate and private client advisory, audit, accounting and tax firm. Our clients are local and international blue chip companies, financial and other institutions, SMEs, high-net-worth-individuals, the public sector and high-end organisations.

    As a reputable organisation of over 20 years standing, and forming part of a worldwide network of independent business advisors, consultants, auditors and accounting firms present in over 120 countries, we are optimally positioned to offer global expertise. Along these years, we have built client loyalty around a credible reputation for delivering results whilst working to the highest professional standards.

    Nexia BT’s strength lies in the technically competent staff with experience across a varied range of industry sectors. We deliver solutions to our clients through a high calibre customised service reflected in the professional work approach and ethics of our staff and driven by our ethos ’Closer to you’. With the backing of this business approach, we confidently present you Nexia BT as your trustworthy, dependable and reliable partner in Malta.

    Contact us today for a free consultation & eligibility assessment.

    **The approval of the grant is at the sole discretion of the relevant authorities in line with the established guidelines.

    The EU has several different funding programmes that you may be able to apply for, depending on the nature of your business or project. The allocation of funding is managed by Government authorities and European institutions, depending on the funding programme.

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