INVESTING IN CRAFTS REGULATIONS

INVESTING IN CRAFTS

SUBSIDIARY LEGISLATION 463.27

INVESTING IN CRAFTS REGULATIONS

1 st September 2018

LEGAL NOTICE 381 of 2018.

Regulations

Part I

General Provisions

1 - 2

Part II

Skills Transfer

3 - 4

Part III

Assistance for Artisan Start-ups

Part IV

Eligible Entities and Deadlines Submission

6 - 8

Part I

General Provisions

The title of these regulations is Investing in Crafts

Regulations.

In these regulations, unless the context otherwise

requires

"the Act" means the Malta Enterprise Act;

"Artisan" means a duly registered undertaking including

self-employed persons carrying out an economic activity based

on the production of a craft or self-employed person that has

previously carried out an economic activity based on the

production of a craft;

"the Corporation" means Malta Enterprise established

under the Act;

"craft" means a skill with hands in creating unique items

which may have a functional or decorative use;

"the Guidelines" means such guidelines as may be

published by the Corporation from time to time in terms of the

Act;

"single undertaking" shall have the meaning attributed to

it by the Guidelines;

"Start-up" means an unlisted Small Undertaking that has

been established for less than three (3) years and which has not

yet distributed profits and has not been established through a

merger.

INVESTING IN CRAFTS

Part II

Skills Transfer

The Corporation may provide support to an artisan in

terms established in the Guidelines for facilitating the process of

transferring their skills to other persons by providing

(a)

up to ten thousand euro (€10,000) to be disbursed

at a rate of up to twenty euro (€20) per hour covering the time

dedicated to skills transfer;

(b)

up to two thousand euro (€2000) to support the

purchase of materials required for the implementation of the

skill transfer.

Within terms as may be established in the Guidelines if

the Corporation deems that a skill transfer was successful the

Corporation may grant an artisan a bonus of up to one thousand euro

(€1000).

Part III

Assistance for Artisan Start-ups

The Corporation may provide financial support of up to

ten thousand euro (€10,000) spread over a period not exceeding twelve

(12) months to an Artisan Start-up controlled by a natural person who

acquired a skill through the support provided under these regulations

in terms as established in the Guidelines.

Part IV

Eligible Entities and Deadline for Submissions

Assistance under these regulations shall be offered to

duly registered undertakings which satisfy the conditions established

in the Guidelines.

Assistance provided under these regulations shall be in

conformity with the de minimis Regulation as defined in Commission

Regulation (EU) No 1407/2013 of 18 December 2013 on the

application of Articles 107 and 108 of the Treaty on the Functioning of

the European Union to de minimis aid.

No assistance under these regulations shall be awarded

by the Corporation after the 1 st June 2020.