{"id":2906,"date":"2022-02-03T17:04:39","date_gmt":"2022-02-03T17:04:39","guid":{"rendered":"https:\/\/www.cmgconsulta.com\/?p=2906"},"modified":"2023-07-27T06:31:36","modified_gmt":"2023-07-27T06:31:36","slug":"smart-and-sustainable-investment-grant","status":"publish","type":"post","link":"https:\/\/www.cmgconsulta.com\/smart-and-sustainable-investment-grant\/","title":{"rendered":"Smart and Sustainable Investment Grant (Malta Enterprise)"},"content":{"rendered":"<div class=\"jwLWP _2hXa7 Zn7O0 public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"foo-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"foo-0-0\"><span data-offset-key=\"foo-0-0\">The <a href=\"https:\/\/www.maltaenterprise.com\/sites\/default\/files\/Smart%20and%20Sustainability%20Development%20Scheme%20Version%201.2.pdf\">Smart and Sustainable Investment Grant Scheme<\/a> by Malta Enterprise focuses on helping enterprises transition to more digital and environmentally sustainable busness practices in order to grow, enhance competitiveness and improve sustainability of their activities.<\/span><\/div>\n<div data-offset-key=\"foo-0-0\">\n<hr \/>\n<\/div>\n<h1 class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"foo-0-0\">Eligibility Criteria<\/h1>\n<\/div>\n<ul class=\"public-DraftStyleDefault-ul\" data-offset-key=\"8oqu5-0-0\">\n<li class=\"_2QuBr Zn7O0 _2zLWO public-DraftStyleDefault-list-ltr public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-reset public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"8oqu5-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"8oqu5-0-0\"><span data-offset-key=\"8oqu5-0-0\">Self-employed, partnerships and limited liability companies;<\/span><\/div>\n<\/li>\n<li class=\"_2QuBr Zn7O0 _2zLWO public-DraftStyleDefault-list-ltr public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-reset public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"8oqu5-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"8oqu5-0-0\"><span data-offset-key=\"8oqu5-0-0\">The economic actiity operates from a licenced commercial property;<\/span><\/div>\n<\/li>\n<li><span data-offset-key=\"1vuot-0-0\">This scheme <\/span><span data-offset-key=\"1vuot-0-1\">falls under the <\/span><span data-offset-key=\"1vuot-0-2\">de minimis<\/span><span data-offset-key=\"1vuot-0-3\"> regulations;<\/span><\/li>\n<li><span data-offset-key=\"8oqu5-0-0\">Firms who are <\/span><span data-offset-key=\"8oqu5-0-1\">defaulting on VAT, Tax or Social Security payments<\/span><span data-offset-key=\"8oqu5-0-2\"> are not eligible;<\/span><\/li>\n<li class=\"_2QuBr Zn7O0 _2zLWO public-DraftStyleDefault-list-ltr public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"881cn-0-0\"><span data-offset-key=\"2eqo4-0-0\">The business ca<\/span><span data-offset-key=\"2eqo4-0-1\">nnot be an <\/span><span data-offset-key=\"2eqo4-0-2\">&#8220;Undertaking in Difficulty<\/span><span data-offset-key=\"2eqo4-0-3\">&#8220;;<\/span><\/li>\n<li data-block=\"true\" data-editor=\"editor\" data-offset-key=\"2eqo4-0-0\">The project should be of at least \u20ac10,000 having the aim to achieve sustainability, improved environmental performance or digitisation leading to growth potential;<\/li>\n<li data-block=\"true\" data-editor=\"editor\" data-offset-key=\"2eqo4-0-0\">The business should have at least 1 employee (full time self employed applicant is equivalent to 1 employee).<\/li>\n<\/ul>\n<div class=\"jwLWP _2hXa7 Zn7O0 public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"r6k2-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"r6k2-0-0\"><span data-offset-key=\"r6k2-0-0\">\u00a0<\/span><\/div>\n<\/div>\n<h2 class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"4tvom-0-0\"><span data-offset-key=\"4tvom-0-0\">Aid Awarded<\/span><\/h2>\n<ul class=\"public-DraftStyleDefault-ul\" data-offset-key=\"28toc-0-0\">\n<li data-block=\"true\" data-editor=\"editor\" data-offset-key=\"28toc-0-0\">Maximum grant is \u20ac100,000 per project being 50% of the eligible expenditure;<\/li>\n<li data-block=\"true\" data-editor=\"editor\" data-offset-key=\"28toc-0-0\">A tax credit of \u20ac40,000 may apply (as an additional 10%, i.e. up to 60%) if the project meets one of the below criteria.\u00a0 The tax credit can increase up to 20% more (to 70%) if the project meets any two of the below criteria:\n<ul class=\"public-DraftStyleDefault-ul\" data-offset-key=\"28toc-0-0\">\n<li data-block=\"true\" data-editor=\"editor\" data-offset-key=\"28toc-0-0\">It results in a new investment in Gozo;<\/li>\n<li data-block=\"true\" data-editor=\"editor\" data-offset-key=\"28toc-0-0\">It is carried out by an undertaking established for 3 years or less;<\/li>\n<li data-block=\"true\" data-editor=\"editor\" data-offset-key=\"28toc-0-0\">It is supported by an independent carbon footprint audit and assessment demonstrating a significant reduction.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Eligible Costs<\/h2>\n<p>The Smart and Sustainable Investment Grant may support investments and modifications in plant, machinery, equipment, specialised technical support and investments in digital technologies.\u00a0 Any investment needs to be maintained for 3 years.\u00a0 Costs can be classified in the areas below:<\/p>\n<ul>\n<li><strong>Waste Minimisation<\/strong> &#8211; New solutions or modifications to existing plant\/machinery that can result in reduced waste generated during production including reduction in packaging and increasing life-span of products.<\/li>\n<li><strong>Sustainable Materials <\/strong>&#8211; Investment required for a pilot project enabling a shift to more sustainable\/ecologically friendly material.\u00a0 This investment can improve product life span, help in a shift to biodegradeable packaging and the reduction\/elimiation of toxic material.<\/li>\n<li><strong>Energy Efficiency<\/strong> &#8211; Investment to reduce the power requirements for machinery and lighting, improving building insulation etc&#8230;<\/li>\n<li><strong>Water Efficiency<\/strong> &#8211; Investment in solutions to improve water usage such as closed-cycle water systems and investment to store run-off rain water.<\/li>\n<li><strong>Sustainable Digitalisation<\/strong> &#8211; The adoption of technologies carried out by electronic devices and\/or systems which make it possible to increase product functionality, develop online services (including setting up of online shops in shared marketplaces), modernise processes, or migrate to business models based on the disintermediation of goods production and service delivery, eventually producing a transformative impact.\u00a0 These could include:\n<ul>\n<li>Increasing process efficiency through IoT and other technologies;<\/li>\n<li>Technology to enhance logistics resulting in reduced carbon emissions;<\/li>\n<li>Installation of building systems to optimise heat, light and power usage;<\/li>\n<li>Industry 4.0 solutions leading to higher automation and rapid customer-focused customisations.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2 class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"57ch2-0-0\"><span data-offset-key=\"57ch2-0-0\">Summary of Rules<\/span><\/h2>\n<div class=\"jwLWP _2hXa7 Zn7O0 public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"247f7-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"247f7-0-0\">\n<ul class=\"public-DraftStyleDefault-ul\" data-offset-key=\"28toc-0-0\">\n<li class=\"_2QuBr Zn7O0 _2zLWO public-DraftStyleDefault-list-ltr public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"67lgh-0-0\"><span data-offset-key=\"73edg-0-0\">The scheme was launched in October 2021 and it runs until the 30th November 2023.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"jwLWP _2hXa7 Zn7O0 public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"4hg3t-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"4hg3t-0-0\"><span data-offset-key=\"4hg3t-0-0\">\u00a0<\/span><\/div>\n<\/div>\n<h2 class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"7ufgf-0-0\"><span data-offset-key=\"7ufgf-0-0\">High-Level Process<\/span><\/h2>\n<ul class=\"public-DraftStyleDefault-ul\" data-offset-key=\"dknhf-0-0\">\n<li data-block=\"true\" data-editor=\"editor\" data-offset-key=\"dknhf-0-0\">Download the <a href=\"https:\/\/maltaenterprise.com\/sites\/default\/files\/support\/application-forms\/Smart%20%26%20Sustainable%20Developments%20-%20Application%20Form%20V1.0.pdf\">application form<\/a>, and fill it in in consultation with the Advisor;<\/li>\n<li class=\"_2QuBr Zn7O0 _2zLWO public-DraftStyleDefault-list-ltr public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-reset public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"dknhf-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"dknhf-0-0\"><span data-offset-key=\"dknhf-0-0\">The applicant is to apply online on the <\/span><a class=\"_2qJYG _2E8wo\" href=\"https:\/\/clientportal.maltaenterprise.com\/login\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-offset-key=\"dknhf-1-0\">Malta Enterprise Client Portal<\/span><\/a><span data-offset-key=\"dknhf-2-0\">;<\/span><\/div>\n<\/li>\n<li class=\"_2QuBr Zn7O0 _2zLWO public-DraftStyleDefault-list-ltr public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"276hc-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"276hc-0-0\"><span data-offset-key=\"276hc-0-0\">The application consists of an application form where the applicant will need to detail a business justification for the project as well as information on the sustainability objectives and a sustainability analysis;<\/span><\/div>\n<\/li>\n<li class=\"_2QuBr Zn7O0 _2zLWO public-DraftStyleDefault-list-ltr public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"2cjtn-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"2cjtn-0-0\"><span data-offset-key=\"2cjtn-0-0\">Malta Enterprise is to review the application and issue a letter of approval specifying the terms and conditions of the award;<\/span><\/div>\n<\/li>\n<li class=\"_2QuBr Zn7O0 _2zLWO public-DraftStyleDefault-list-ltr public-DraftStyleDefault-unorderedListItem public-DraftStyleDefault-depth0 public-DraftStyleDefault-listLTR\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"f3s31-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"f3s31-0-0\"><span data-offset-key=\"f3s31-0-0\">Work can only start to be carried out once the letter of approval is received.<\/span><\/div>\n<\/li>\n<\/ul>\n<div class=\"jwLWP _2hXa7 Zn7O0 public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"83gf5-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"83gf5-0-0\">\n<hr \/>\n<\/div>\n<\/div>\n<div class=\"jwLWP _2hXa7 Zn7O0 public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"fnlqr-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"fnlqr-0-0\"><span data-offset-key=\"fnlqr-0-0\">CMG Consulta are advisors who carry out business consultancy with SMEs and family businesses. We can assist you with reviewing your business model, internationalising, reviewing your product portfolio, improving operational performance, re-engineering business processes and transforming your business. <\/span><a href=\"https:\/\/www.cmgconsulta.com\/contact-us\/\"><span data-offset-key=\"fnlqr-1-0\">Please get in touch to explore actual opportunities.<\/span><\/a><\/div>\n<\/div>\n<div class=\"jwLWP _2hXa7 Zn7O0 public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"2c932-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"2c932-0-0\"><span data-offset-key=\"2c932-0-0\">\u00a0<\/span><\/div>\n<\/div>\n<div class=\"jwLWP _2hXa7 Zn7O0 public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"editor\" data-offset-key=\"dd46a-0-0\">\n<div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"dd46a-0-0\"><span data-offset-key=\"dd46a-0-0\">This document was prepared based on the Malta Enterprise <\/span><a class=\"_2qJYG _2E8wo\" href=\"https:\/\/www.maltaenterprise.com\/sites\/default\/files\/Smart%20and%20Sustainability%20Development%20Scheme%20Version%201.2.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-offset-key=\"dd46a-1-0\">Incentive Guidelines<\/span><\/a><span data-offset-key=\"dd46a-2-0\"> for the Smart and Sustainable Investment Grant Scheme as accessed on the Malta Enterprise Website on the date of publishing.<\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Smart and Sustainable Investment Grant Scheme by Malta Enterprise focuses on helping enterprises transition to more digital and environmentally sustainable busness practices in order to grow, enhance competitiveness and improve sustainability of their activities. Eligibility Criteria Self-employed, partnerships and limited liability companies; The economic actiity operates from a licenced commercial property; This scheme falls [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,29,28,48,39,35,34,30,38],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smart and Sustainable Investment Grant (Malta Enterprise) - CMG Consulta<\/title>\n<meta name=\"description\" content=\"The Change to Grow Scheme by Malta Enterprise supports businesses kick-start transformation processes that lead to growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cmgconsulta.com\/smart-and-sustainable-investment-grant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smart and Sustainable Investment Grant (Malta Enterprise) - 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