Assistance for Knowledge Transfer Regulations, 2016

L.N. 178 of 2016

MALTA ENTERPRISE ACT

(CAP. 463)

Assistance for Knowledge Transfer Regulations, 2016

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, and with the concurrence of the Minister for Finance,

has made the following regulations:-

(1) The title of these regulations is the Assistance for Citation and

commencement.

Knowledge Transfer Regulations, 2016.

(2) These regulations shall come into force on the 1st March,

2016.

In these regulations, unless the context otherwise requires

Interpretation.

"the Act" means the Malta Enterprise Act;

"the Corporation" means Malta Enterprise established under the

Act;

"the Guidelines" means such guidelines as may be published by

the Corporation from time to time in terms of the Act;

"small undertaking", "medium-sized undertaking" and "large

undertaking" shall have the meaning attributed to them by Annex I of

Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring

certain categories of aid compatible with the internal market in

application of Articles 107 and 108 of the Treaty;

"undertaking" means a partnership constituted under the

Companies Act, being a partnership en nom collectif, en nom Cap. 386.

commandite, or a limited liability company.

(1) Where the Corporation is satisfied that an Assistance to

undertaking carrying on or intending to carry on an activity that may support

development of

contribute to the economic development of Malta, requires assistance training

programmes.

to support the development of training programmes and their

implementation, relating to the activities carried out by that same

undertaking, which training programmes can increase the skills and

expertise of its employees or assist such employees in acquiring new

skills, the Corporation may provide such an undertaking with a tax

credit or a cash grant, in accordance with the terms and conditions set

out in the Guidelines.

(2) In order to qualify for the assistance under sub-regulation

(1), the undertaking shall be a newly established undertaking or an

undertaking that has employed at least five (5) employees on full time

basis for the last two (2) fiscal years

Provided that, for the purposes of this sub-regulation,

"newly established undertaking" shall have the meaning attributed to

it in the Guidelines.

(3) The assistance provided by this regulation shall not

exceed -

(a) seventy per cent (70%) of the eligible costs in the

case of an undertaking which qualifies as a small undertaking;

(b) sixty per cent (60%) of the eligible costs in the case

of an undertaking which qualifies as a medium-sized

undertaking;

(c)

fifty per cent (50%) of the eligible costs in the case

of an undertaking which qualifies as a large undertaking

Provided that the total amount of assistance that may be

granted to an undertaking in terms of this regulation shall not exceed

the amount of one million Euro (€1,000,000) in accordance with the

terms and conditions set out in the Guidelines.

Applications for assistance under these regulations shall

reach the Corporation by not later than the 31st October, 2020.

€0.18