GRTU Director General has addressed the College of Permanent Secretaries. Vince Farrugia explained what are the 10 important pillars of the SBA: Create an environment in which entrepreneurs and family businesses can thrive and entrepreneurship is rewarded
Ensure that honest entrepreneurs who have faced bankruptcy quickly get a second chance
Design rules according to the "Think Small First" Principle
Make public administrations responsive to SME needs
Adapt public policy tools to SMEs' needs: facilitate SMEs' participation in public procurement and better use of State Aid possibilities
Facilitate SMEs access to finance and develop a legal and business environment supportive to timely payment in commercial transaction
Help SMEs to benefit more from opportunities offered by the Single Market
Promote the upgrading of skills in SMEs and all forms of innovation
Enable SMEs to turn the environmental challenges into opportunities
Encourage and support SMEs to benefit from growth of markets
Recently the Small Business Act has gained increased importance in Malta when the white paper on the Small Business Act Malta was launched last month and it is currently at consultation stage.
GRTU said that we have been in this situation of talks with Government on the subject of Government efficiency and its functionality to SMEs on countless occasions, so far we have registered some small steps.
There was a general agreement that all Permanent Secretaries will do their utmost to enforce these 10 pillars within the Ministries under their responsibility. GRTU's greatest complaints concerned Access to Finance and State Aid.
GRTU was pleased to note that Government has The Chairman of the College, Dr Godwin Grima, issuing specific instructions to all public sector entities in line with the "only once principle" to ensure that after the 18th of November no certificates already in Government's position are to be requested again
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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).
