MT
SMART AND SUSTAINABLE INVESTMENT GRANT REGULATIONS
Table of Provisions (7)
Statutory Text (7 Articles)
SMART AND SUSTAINABLE
INVESTMENT GRANT
SUBSIDIARY LEGISLATION 463.45
SMART AND SUSTAINABLE
INVESTMENT GRANT REGULATIONS
1 st October 2021
LEGAL NOTICE 80 of 2022, as amended by Legal Notices 20 of
2023 and 79 of 2024.
The title of these regulations is the Smart and Sustainable
Investment Grant Regulations.
In these regulations, unless the context otherwise
requires
"Act" means the Malta Enterprise Act;
"Corporation" means
the
Malta
Enterprise
Corporation
established under the Act;
"eligible investment" means a project that shall achieve the
Smart and Sustainable objectives as shall be established in the
Guidelines;
"Guidelines" means the Guidelines as may be published by the
Corporation from time to time in terms of the Act;
"undertaking" shall have the same meaning as assigned to it in
the Act.
(1)
Where the Corporation is satisfied that an
undertaking is eligible within the terms that shall be prescribed within
the Guidelines, the Corporation may provide assistance for the
carrying out of an eligible investment.
(2)
The eligible investment must be implemented within
twelve (12) months from the date when funding is approved and the
beneficiary must commit to maintain the investment for a minimum of
three (3) years.
(1)
A grant of up to one hundred thousand euro
(€100,000) per eligible investment project, covering up to fifty per
cent (50%) of the eligible expenditure may be awarded by the
Corporation.
(2)
If an eligible investment project addresses sustainable
development criteria as established in the Guidelines, a tax credit of up
to forty thousand euro (€40,000) and covering up to seventy per cent
(70%) of the eligible expenditure may be awarded by the Corporation.
SMART AND SUSTAINABLE
INVESTMENT GRANT
(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.
The Corporation shall establish and publish on its
website the application submission periods. No assistance shall be
granted by the Corporation in accordance with these regulations after
31st December 2026.