The Recovery and Resilience Plan for Malta is extending support through non-repayable cash grants via the newly introduced Digitalise Your Business Scheme, which is replacing the SME Digitalisation Grant Scheme and Digital Intensification Grant Scheme. Tailored for businesses seeking to invest in the digital transformation of their operations, the Scheme aims to enhance new digital capabilities and processes, ultimately improving resilience, efficiency, productivity and customer experience.
This Scheme is available for micro, small, medium and large enterprises. It shall remain operational until 30 June 2026, subject to availability of funds and it will be administered through a series of competitive calls. Applicants operating in the manufacturing and tourism sectors shall be given priority. It is worth noting that the Digitalise Your Micro Business Scheme is still open for Micro businesses, and this was extended until 30 June 2026.
The Digitalise Your Business Scheme provides a maximum funding of €120,000 per digitalisation investment, along with a 7% flat rate to finance any indirect costs. The aid intensity is set at 50% for investments in Malta and 60% for those in Gozo. This Scheme falls within the terms and conditions of the De Minimis aid rules, whereby a single undertaking is limited to an overall capping of €300,000 over a three-year rolling period.
Eligible costs under this Scheme include:
· e-Commerce Website with an online payment gateway
· Digital Solutions, including:
– Commercial Off-The-Shelf (COTS) and Custom Software
– Hardware (such as Laptops, Docking Stations, Monitors)
– Analytical Tools (including necessary hardware and software)
– Cyber Security systems
– Cloud computing
– Routers, switches and WIFI related equipment
– Installation and training costs on the use of the specific investment
– Other hardware, software or digital solutions
At ZD, we can assist you with the preparation of the application form/s and relevant supporting documentation, submission thereof and follow-ups throughout the project. Through our fractional Chief Digital Officer services, we are also equipped to advise you from a strategic perspective in terms of reviewing existing business models and envisaged changes that meet your requirements and contribute to strategic decision making, as well as assist with digital transformation project management and bringing together relevant experts for technology solution implementation purposes.
The information provided in this article is accurate as of the date of last update. Please note that the scheme/s discussed may be subject to changes or expiration within a year. Readers are encouraged to verify the status of the scheme with the relevant authorities or official websites for the most up-to-date information.
Last update: 7th October 2024
Rosann Axiaq
Advisory Leader
