
The Maltese Government has introduced a new scheme through Malta Enterprise to provide vital support for small businesses and self-employed individuals seeking to rent or purchase industrial space from the private sector. Announced by the Minister for the Economy, Enterprise and Strategic Projects, Silvio Schembri, this initiative aims to help both new and established businesses across various sectors grow by securing the necessary industrial premises.
The scheme carries an annual budget of approximately €2.5 million, with a total allocation of around €15 million over its lifetime. This funding will assist businesses by covering up to 50% of the total costs of renting or buying industrial space, with a maximum grant of €300,000 per business, spread over six years. Eligible businesses must use the space for new operations, expansion, handling larger orders, or improving distribution and supply chains.
Minister Schembri highlighted the challenge Malta faces not in attracting investment, but in accommodating it. He emphasised that while Vision Malta 2050 focuses on preserving scarce industrial land for high-value projects, the needs of small businesses and self-employed individuals must not be overlooked. The scheme aims to offer stability, peace of mind, and reduce bureaucracy to help these businesses succeed.
The scheme is open to companies in manufacturing, artisanal production, industrial packaging, vehicle maintenance and repair, machinery and electronics repair, and industrial laundry services. Those operating in rural areas can benefit only if they relocate to industrial zones and surrender any permits linked to previous premises, reducing inconvenience to local residents.
George Gregory, CEO of Malta Enterprise, noted that the previous Rent Subsidy Scheme supported over 50 businesses with more than €1.5 million in assistance. This helped many enterprises expand production and safeguard quality jobs. The new scheme represents the next step in supporting Maltese and Gozitan businesses in generating sustainable growth and employment, in line with Vision Malta 2050.
Paul Abela, President of the Chamber for Small and Medium Enterprises, welcomed the initiative, describing it as essential and beneficial for small businesses, addressing a critical challenge they face.
Further information on the scheme can be found at www.maltaenterprise.com or by calling 144.
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