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...
Malta Enterprise have extended the deadline for the one-time grant and the rent refund scheme. Registrations will be accepted until the 13th of August 2021.
The one-time grant, is a scheme where a cash grant of €1,000 is given to those businesses which remained closed after 10 May 2021 as per Legal Notices issued by the Health Authority and are in receipt of the Wage Supplement.
An email was sent out to potential eligible businesses containing a link to a simple application process.
Malta Enterprise will simply process the grant in due course with funds being sent directly to the business’ bank accounts.
The rent refund scheme, is eligible for businesses which had to close their operations as a result of government legal notices in March 2021. The businesses are eligible for a refund in the form of a top-up of 50% on the amount received last year.
New applicants who were closed in March and April 2020, and benefited from the wage supplement are eligible for the Rent Refund scheme in accordance with the following cappings:
In terms of the application process, businesses which received a rent refund for 2020 and whose rent contract is still valid (not expired or updated) will not need to resubmit copies of their contract.
Meanwhile, businesses which only received a wage supplement during March and April 2021 will be invited to apply for the Rent Refund Scheme covering rent costs incurred in 2021.
If eligible, businesses are encouraged to applies by the 13th of August 2021.
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).