GET READY SCHEME REGULATIONS

GET READY SCHEME

SUBSIDIARY LEGISLATION 463.26

GET READY SCHEME REGULATIONS

1st September, 2018

LEGAL NOTICE 358 of 2018, as amended by Legal Notice 22 of

2019.

The title of these regulations is the Get Ready Scheme

Regulations.

In these regulations, unless the context otherwise

requires

"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 and Medium Sized Enterprise (SME)" or

"(SMEs)" has the meaning attributed to it by Annex I of

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

"undertaking" means an undertaking as defined in the

Act.

Where the Corporation is satisfied that an undertaking

that has a significant dependency on the British market, in terms of

import and, or export, requires assistance to access advisory services,

the Corporation may provide such an undertaking with a cash grant not

exceeding four thousand euro (€4000) as part-financing of up to fifty

per cent (50%) of the eligible costs incurred by the undertaking in

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

An undertaking shall only qualify for the benefits

provided by these regulations if such undertaking

(a)

is carrying out an economic activity in Malta;

(b)

is a small enterprise that employs at least five (5)

persons but not more than fifty (50) persons on full time basis;

(c)

meets any additional criteria established in the

Guidelines.

No assistance under these regulations shall be awarded

by the Corporation to any request for support received after 28 th

February, 2019.