Updated Micro Invest Scheme To Boost Wage Growth And Business Support

The Ministry for the Economy, Enterprise and Strategic Projects has unveiled an updated Micro Invest scheme running from 2026 to 2030, extending support to small businesses, self-employed individuals, and for the first time, social enterprises.

The scheme introduces a fiscal top-up linked to wage increases in 2026 and 2027, targeting employees with over four years’ continuous service and annual salary rises of at least 3%.

Maximum annual support will reach €780 per employee in Malta and €1,020 in Gozo.

Minister Silvio Schembri said SMEs represent 90% of Maltese businesses: “Today, with a strong economy, we are in a position to provide greater support to businesses so they can continue investing in their operations. We want the economic growth we are generating as a country to be felt by everyone, while continuing to improve productivity.”

George Gregory of Malta Enterprise added: “The updated Micro Invest scheme reflects our ongoing commitment to supporting businesses across Malta and Gozo. Over the past three years, more than 14,000 applications have been approved, with over €140 million in assistance provided to enterprises.”

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Photo Source: Omar Camilleri