At PwC Malta, we specialise in assisting clients in applying for available EU funding schemes. Consequently, below kindly find a summary of the EU Grant Schemes which are currently available that could be relevant to you.
The below list provides an overview of the EU grant schemes available, with some set to close by the end of February. This is a unique opportunity to make the most of these initiatives before they expire!
Schemes open for SMEs
- Equipment and Machinery Schemes
- Business Reports for SMEs
- Feasibility Studies Scheme
Equipment and Machinery Schemes
- SME Enhance (de minimis): supports SMEs to part-finance up to 50% of the cost for investments in equipment and machinery aimed at potentially improving productivity, up to a maximum of €128,400;
- Start up Enhance: seeks to support Start-ups to part-finance investments in tangible and intangible assets contributing to potentially improve the productivity of the enterprise, up to €400,000. This scheme is open to micro and small enterprises only.
- SME Enhance (GBER): supports SMEs to fund equipment and machinery initiatives related to business growth, diversification, innovation, and initial investments, up to a maximum of €500,000 at 10-30% aid intensity depending on the Company size.
Business Reports for SMEs
- Business reports for SMEs: supports SMEs to part-finance a business report procured from external Consultancy Service Providers. The external consultancy services should be procured to support the decision-taking process, by providing:
- A Process and Systems Review aimed at rendering the Undertaking potentially more efficient, or
- A Business Plan addressing the proposed investment initiatives, aimed at rendering the Undertaking potentially more competitive.
Feasibility Studies Scheme
- Feasibility Studies: supports enterprises, including mid-cap enterprises, with the cost of researching their proposed business or new business idea to see if it could be viable and sustainable, up to a maximum of €100,000 at 50%-70% aid intensity depending on the Company size.
Schemes open for SMEs and large enterprises
- Digitalisation Scheme
- Retrofitting of Commercial Buildings Scheme
Digitalisation Scheme
- The Digitalise your Business grant scheme assists enterprises to part-finance up to 50% of the cost for investments to digitalise their operations (hardware, software, etc.) by addressing new digital capabilities and digitalised processes, up to a maximum of €128,400. The grant scheme supports the following investments:
- e-Commerce Website;
- Digital Solutions
- Commercial Off-The-Shelf (COTS) and Custom Software
- Hardware (such as Laptops, Docking Station, Port Replicator, Monitors, Tablets)
- Analytical Tools (including necessary hardware and software)
- Cyber Security systems
- Cloud computing
- Routers, switches and WIFI related equipment
- Other hardware, software or Digital Solutions (identified in the application and not already identified above, which the division may consider eligible under this scheme)
- Installation including any training costs on the use of the specific item acquired under points above and included in the purchase price of the item in question, and thus from the same provider.
Retrofitting of Commercial Buildings Scheme
- Retrofit Grant Scheme: supports enterprises with investments in systems and interventions on the building envelope that lead to a higher level of energy efficiency, up to a maximum of €5 million, providing aid intensity per square metre, depending on the Company size and the reduction in Primary Energy Demand. Eligible expenditure involves the following, amongst others:
- Apertures
- Lighting systems
- HVAC systems
- Water heating systems
How PwC can assist you in applying for the above EU Grant Schemes
PwC can prepare and compile the content required as part of the applications for the above grant schemes. This will be presented to you as a draft for discussion purposes, providing you with an opportunity to provide us with your feedback and supply any information necessary.
Company sizing
The main factors determining the size of an enterprise are Staff headcount; and either turnover or balance sheet total.
Enterprise category |
Staff headcount |
Turnover |
Or |
Balance sheet total |
Small Mid-Caps |
<500 |
≤ € 100 m |
≤ € 86 m |
|
Medium-sized |
<250 |
≤ € 50 m |
≤ € 43 m |
|
Small |
<50 |
≤ € 10 m |
≤ € 10 m |
|
Micro |
<10 |
≤ € 2 m |
≤ € 2 m |
Should any of the above be of interest, we would be more than happy to set up a short call to discuss this further.
EU Funds
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