Fabian Demicoli

GRTU welcomes the announcement of the extension of the JEREMIE Fund Agreement

It is very good news for GRTU and its
members that the JEREMIE scheme has been extended and will now translate in €10
million for around 100 SMEs. Through the consultation process carried out
between August and September by GRTU on the next funding period, members
emphasized that a mix of grants and financial engineering instruments,
including loans at advantageous conditions, would be beneficial for their
investment needs.

Those that in the last years have
succeeded to benefit from the JEREMIE scheme have in fact reported very
positive experiences linked also to the advantageous conditions of the scheme
and its less rigid nature. It has been reported that by the end of June 2013,
533 Maltese SMEs had benefitted from the JEREMIE loan facility.

The European Investment Bank had a
lot of praise for Malta on the success it achieved in the administration of
JEREMIE. It is calculated that the scheme has so far given rise to an
investment within the economy of €83.5million, from the initial investment of
€10million from ERDF and national funds.

GRTU is informed that the scheme will
continue to run in same way and will also be offered by BOV that has once again
been confirmed as the local partner following the usual call for interest. The
new monetary injection has been topped up to the current allocation and
interested enterprises can start enquiring and proposing investment projects
with immediate effect. Interested enterprises can call BOV JEREMIE section on
22753303 or 22755779.

What we can do for you










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).