Business Re-Engineering and Transformation Scheme

25 January 2021

Due to the COVID-19 pandemic, businesses are facing a number of challenges which will require them to make key changes in the way they operate. As a result, such businesses might seek external professional advice to come up with new business plans and explore new technological solutions that can assist them with adapting to the changing environment.

The Business Re-Engineering and Transformation Scheme, which has recently been launched by Malta Enterprise Corporation (the ‘Corporation’), aims to support small businesses when engaging advisors to facilitate their efforts in:

  • realigning their business activity;
  • restructuring their employees, product and/or service portfolio;
  • optimising the use of technology; and 
  • embracing green technology and practices.
small business

Who is eligible?

SMEs carrying out an economic activity in Malta and employing between 10 and 250 employees at application stage are eligible for this scheme.

Which projects are considered eligible?

Eligible projects shall be new assignments that are of strategic significance and meet any of the following objectives:

  1. digitisation of business processes including the deployment of digital technologies, such as IoT, artificial intelligence, machine learning and predictive analytics;

  2. improve operational performance, reduce errors and improve accountability following a review process to identify inefficient use of resources;

  3. improvements to the flow of goods, materials and/or information following a review of the interaction between functions;

  4. improve environmental performance by identifying waste streams and resource usage;

  5. support the implementation of quality systems and the attainment of product process certifications;

  6. review customer handling procedures and propose solutions to enable excellent customer service; 

  7. assess market dynamics, fluctuation in demand and changes in consumer behaviour to reposition product and service offering as may be required. 

Technology going up

Other conditions and criteria apply, including the requirement for the supported assignment to be completed within 12 months from approval date and to include the participation of at least two individual external advisors who individually meet a distinct criteria (as prescribed in the incentive guidelines (‘the Guidelines’) issued by the Corporation) in terms of qualifications and experience.

What will be the aid awarded?

The aid shall be awarded in the form of a cash grant covering 50% of the consultancy costs incurred, capped at a maximum grant amounting to €5,000 per advisory service per undertaking. Beneficiaries may avail of this measure once in any eighteen-month period up to 31 December 2023, being the date by when this scheme is available. 

What is the application process?

Applications should be submitted to the Corporation electronically by 31 October 2023. Since the assistance provided for under this Scheme relates to a reimbursement of eligible costs incurred, the beneficiary is also required to complete a claims process throughout the duration of the project – this would involve the submission of one or two claim forms (depending on the duration of the project) and supporting documents as prescribed in the Guidelines.

Contact us

Neville Gatt

Neville Gatt

Head of Tax, PwC Malta

Tel: +356 2564 6791

Michel Ganado

Michel Ganado

Advisory Partner, PwC Malta

Tel: +356 2564 7091

Victoria Muscat

Victoria Muscat

Senior Manager, Tax, PwC Malta

Tel: +356 2564 6739

Claudine Attard

Claudine Attard

Senior Manager, Advisory, PwC Malta

Tel: +356 2564 7026

Daniela Burlo'

Daniela Burlo'

Manager, Advisory, PwC Malta

Tel: +356 2564 2607

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