Grant (Amendment) Regulations, 2023

L.N. 20 of 2023

MALTA ENTERPRISE ACT

(CAP. 463)

Smart and Sustainable Investment

Grant (Amendment) Regulations, 2023

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

Enterprise Act, the Minister responsible for Malta Enterprise has made

the following regulations:-

The title of these regulations is the Smart and Sustainable

Investment Grant (Amendment) Regulations, 2023 and these

regulations shall be read and construed as one with the Smart and

Sustainable Investment Grant Regulations, hereinafter referred as "the

principal regulations".

Regulation 4 of the principal regulations shall be amended

as follows

(a) in sub-regulation (1) thereof, the words "fifty

thousand euro (€50,000)" shall be substituted by the words "one

hundred thousand euro (€100,000)"; and

(b) in sub-regulation (2) thereof, the words "twenty

thousand euro (€20,000) and covering up to twenty per cent

(20%)" shall be substituted by the words "forty thousand euro

(€40,000) and covering up to seventy per cent (70%)".

Regulation 5 of the principal regulations shall be

substituted by the following new regulation

"5. (1) The

Corporation

may

support

investments and modifications in plant, machinery,

equipment and technologies that lead to a quantifiable

reduction in CO 2 emissions as further prescribed in the

Guidelines.

(2) Eligible investments may also include

specialised technical services and procurement of

technologies that enable the undertaking to measure

parameters linked to the undertakings’ carbon footprint.".

€0.09