Fabian Demicoli

SME Chamber meets the Prime Minister and insisted for more funding for businesses from the Recovery and Resilience Fund

Employer bodies insisted for more funding to be allocated to the private sector out of the RRF

Malta Chamber of SMEs participated in discussions with the Prime Minister and Parliamentary Secretary for EU Funds Dr Stefan Zrinzo Azzopardi, together with other social partners – employer representatives.

Employer bodies insisted for more funding to be allocated to the private sector out of the Recovery and Resilience Fund (RRF). Businesses must play a bigger role in the reforms towards greater resilience and need the funds to sustain their recovery following the Covid ordeal.

The plan issued by Government as to the use of RRF grants sets out six key strategic objectives.

The first is a set of projects to address climate neutrality through enhanced energy efficiency, clean energy, and a circular economy. Related to this, the second objective is to address carbon-neutrality by decarbonising transport.

Then the plan includes a strand of initiatives to foster a digital, smart, and resilient economy. The fourth objective is to strengthen the resilience of the health system. To facilitate the transformation of the economy and enable the digital and green revolutions of the coming decades, the plan then envisages measures that will enhance quality education and foster socio-economic sustainability. Finally, the sixth pillar of the plan is a renewed focus to strengthen our country’s institutional framework.

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