Rent Subsidy Regulations, 2020

L.N. 187 of 2020

MALTA ENTERPRISE ACT

(CAP. 463)

Rent Subsidy Regulations, 2020

IN EXERCISE of the powers conferred by article 5 of the Malta

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

Businesses, in consultation with Malta Enterprise, has made the

following regulations:-

(1) The title of these regulations is Rent Subsidy

commencement.

Regulations, 2020.

(2) These regulations shall be deemed to have come into force

on the 1 st February, 2020.

In these regulations, unless the context otherwise requires

"the Act" means the Malta Enterprise Act;

"the Corporation" means the Malta Enterprise established

under the Act;

"eligible undertaking" means an undertaking as defined in

the Act that meets the parameters established in the Guidelines;

"Guidelines" means such guidelines as may be published

by the Corporation from time to time in terms of the Act.

Where the Corporation is satisfied that an eligible

undertaking requires support to rent industrial space for developing a

business activity, the Corporation may provide assistance not

exceeding twenty-five thousand euro (€25,000) per annum and

covering up to fifty per cent (50%) of the cost of the rental, in

accordance with the terms and conditions set out in the Guidelines.

Applications for assistance to support eligible undertakings

under these regulations shall reach the Corporation by not later than

31st December 2022.

€0.09