Assistance to Small and Medium-Sized Undertakings

L.N. 237 of 2015

MALTA ENTERPRISE ACT

(CAP. 463)

Assistance to Small and Medium-Sized Undertakings

(Amendment) Regulations, 2015

IN exercise of the powers conferred upon him by article 5 of the

Malta Enterprise Act, the Minister for the Economy, Investment and

Small Business, in consultation with the Malta Enterprise

Corporation, has made the following regulations:-

The title of these regulations is the Assistance to Small and Citation.

Medium-Sized Undertakings (Amendment) Regulations, 2015, and

these regulations shall be read and construed as one with the S.L. 463.03

Assistance to Small and Medium-Sized Undertakings Regulations,

hereinafter referred to as "the principal regulations".

Regulation 12 of the principal regulations shall be Re-numbers

regulation 12 of

renumbered as regulation 13.

the principal

regulations.

Immediately after regulation 11 of the principal regulations Adds new

regulation to the

there shall be added the following new regulation

principal

regulations.

'' Assistance for

(1)

Where the Corporation is

a viable

satisfied that a small start-up undertaking having

business

a viable business concept which is in its early

concept.

stage of development and that is economically

viable as may be prescribed in the Guidelines,

and that such a small start-up undertaking

requires assistance, the Corporation may provide

such an undertaking with a cash grant that shall

not exceed the amount of twenty five thousand

euro (€25,000) in accordance with the terms and

conditions set out in the Guidelines.

Provided that for the purposes of this

regulation, a ''small start-up undertaking'' shall

have the meaning attributed to it in the

Guidelines

B

Provided also that a qualifying activity in

terms of this regulation shall be an economic

activity carried on or intended to be carried out

by a small start-up undertaking as may be

prescribed in the Guidelines

Provided further that applications for

assistance under this regulation shall reach the

Corporation by not later than noon of the 30th

June, 2016.''.

€0.18