Fabian Demicoli

Tourism Projects by Enterprise

 A €10 million Grant Scheme to support sustainable tourism projects by enterprises has recently been launched.

These funds will cover the aid granted to enterprises, the publicity for the scheme and the management and administration of the scheme.

The projects submitted under this scheme must evidently have tourism as the main focus, with major benefits accruing directly to tourism, targeting potential tourists. The projects submitted must also be sustainable tourism project, and have to strengthen Malta's competitive advantage in tourism; increase the use of ICT for tourism; increase good environmental practice by tourism enterprises; and increase innovation in tourism.

Project Activities must fall under one or more of the proposed Intervention Areas:

(i) Product Upgrade & Investment in Equipment;

(ii) Investment in Environmentally friendly measures;

(iii) Investment in Information Communication Technology;

(iv) Investment in Entrepreneurship;

(v) Investment in Marketing:

The scheme will provide co-financing of up to 50% of the total eligible costs.

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