MT
EXPLORING RESEARCH GRANT (2024) REGULATIONS
Table of Provisions (7)
Statutory Text (7 Articles)
EXPLORING RESEARCH GRANT (2024)
SUBSIDIARY LEGISLATION 463.50
EXPLORING RESEARCH GRANT (2024)
REGULATIONS
1st January, 2024
LEGAL NOTICE 50 of 2024.
The title of these regulations is Exploring Research Grant
(2024) Regulations.
In these regulations, unless the context otherwise
requires
"Act" means the Malta Enterprise Act;
"Corporation" means Malta Enterprise as established in
article 7 of the Act;
"eligible costs" means that expenditure that may qualify
for assistance in terms of these regulations and as shall be
further established in the Guidelines;
"experimental development" shall have the meaning
assigned to it in Article 2(86) of the Commission Regulation
(EU) No 651/2014 of 17 June 2014 declaring certain categories
of aid compatible with the internal market in application of
Articles 107 and 108 of the Treaty, as amended from time to
time;
"feasibility study" shall have the meaning assigned to it
in Article 2(87) of the Commission Regulation (EU) No 651/
2014 of 17 June 2014 declaring certain categories of aid
compatible with the internal market in application of Articles
107 and 108 of the Treaty, as amended from time to time;
"Guidelines" means the Guidelines as may be published
by the Corporation, from time to time, in accordance with the
Act, establishing the parameters of implementing the aid
granted by virtue of these regulations;
"industrial research" shall have the meaning assigned to
it in Article 2(85) of the Commission Regulation (EU) No 651/
2014 of 17 June 2014 declaring certain categories of aid
compatible with the internal market in application of Articles
107 and 108 of the Treaty, as amended from time to time;
"large undertaking" means any enterprise that does not
qualify as a small undertaking or a medium-sized undertaking;
"medium-sized undertaking" and "small undertaking"
EXPLORING RESEARCH GRANT (2024)
shall have the meaning assigned to them by Annex I of
Commission Regulation (EU) No 651/2014 of 17 June 2014
declaring certain categories of aid compatible with the internal
market in application of Articles 107 and 108 of the Treaty, as
amended from time to time;
"undertaking" shall have the same meaning assigned to it
in the Act.
Where the Corporation is satisfied that an undertaking
requires aid to carry out a feasibility study in preparation of industrial
research and experimental development activities, the Corporation may
provide such an undertaking with financial assistance in accordance
with the terms and conditions established in the Guidelines.
The Corporation may support an undertaking to carry out
a feasibility study with a cash grant, which shall not exceed one
hundred thousand euro (€100,000) and shall be capped at
(a)
fifty per cent (50%) of eligible costs if the
undertaking is a large undertaking;
(b)
sixty per cent (60%) of eligible costs if the
undertaking is a medium-sized undertaking;
(c)
seventy per cent (70%) of eligible costs if the
undertaking is a small undertaking.
(1)
The Corporation shall establish a deadline for the
submission of applications in the Guidelines.
(2)
Aid shall not be granted in accordance with these
regulations by the Corporation after the 31 st December 2026.
(3)
The Corporation may suspend applications if the overall
budget earmarked in a specific year for aid in accordance to these
regulations was allocated.
In the eventuality that a new scheme is issued, the
provisions in respect of which the aid was granted prior to the issuance
of the new scheme shall continue to apply thereto.