Malta Chamber of SMEs unveiled its 50 proposals for Budget 2023
22 September 2022
The Malta Chamber of SMEs launched 50 proposals for Budget 2023 during a press...
Government has recently announced the launch of a €10 million scheme investment in energy-efficiency measures and renewable energy sources confined by the EU European Regional and Development Fund (ERDF) and the Government.
The funds are available to all enterprises and are meant primarily to improve energy efficiency, an important element in ensuring environmental protection as well as a key component of business stability.
The energy grants will be accessible through a competitive call through a competitive call that will be administered by Malta Enterprise.
Through this scheme 2 types of investments will be supported:
Energy Saving Measures
Installation of intelligent lighting systems
Building management systems and energy saving lightings
2. Alternative Energy Sources
Installation of energy generating solutions based on the use of solar power and wind power Projects benefiting from this incentive should be completed within 18 months and have a minimum value of € 25,000.
Also recently launched is the Energy Audits through which enterprises can identify effective ways of reducing costs of energy consumption. Businesses can apply with Malta Enterprise for an Energy Audit and a qualified expert will be sent to the applying company to conduct a walkthrough energy audit and identify opportunities for energy saving.
This incentive is fully funded by Malta Enterprise. The numbers of audit hours are pre-determined by Malta Enterprise depending on the size and complexity of the applying enterprise. The report generated can then assist the enterprises to submit a well balanced application for the ERDF Energy Grants.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).