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MSME Ministry launches 3 sub-schemes under RAMP programme; makes ZED scheme free for women

MSME Ministry launches 3 sub-schemes under RAMP programme; makes ZED scheme free for women
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Chamber welcomes government support measures

The Malta Chamber of Commerce, Enterprise and Industry has welcomed the launch of the regeneration incentives announced by the government in addition to top-ups to existing direct support schemes. It said the regeneration incentives go beyond addressing the immediate liquidity needs and are aimed at supporting and re-energising businesses and the Maltese economy in the process of recovery. The chamber said it applauded the enhanced Business Re-Engineering and Transformation Scheme – ‘Change to Grow’, which it championed since its inception back in June 2020. This scheme is now open to a wider cohort of economic operators including micro-enterprises and self-employed entrepreneurs, and the maximum grant has been doubled to €10,000 for implemented projects, to further encourage uptake.

New scheme urges construction players to create alliances for transformation

New scheme urges construction players to create alliances for transformation
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8 job support measures from Singapore Budget 2021

It goes without saying that Covid-19 took with it not just lives, but an increasing number of livelihoods as well. Unemployment and retrenchments have grown since the pandemic hit. These days, it’s not uncommon to hear of someone who remains unemployed even after looking for months. Under the rallying call of Emerging Stronger Together, the Budget 2021 announcement by.

Range of co-funding schemes to help firms transform and scale up

Local companies can tap a range of avenues to access capital that they may need to innovate, transform and scale up their businesses. To catalyse the flow of capital and bridge market gaps, the Government will step up risksharing arrangements with providers of capital and provide grants to support businesses at various stages of growth, Deputy Prime Minister Heng Swee Keat said yesterday. For high-growth companies including start-ups, the Venture Debt Programme will be extended and enhanced - with an increase in the cap on loan quantum support from $5 million to $8 million. With this, we expect about $45 million of venture debt to be catalysed over the next year, Mr Heng said.

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