The Malta enterprise has launched a scheme to aid local businesses in the rental or purchase of industrial spaces. This scheme has replaced the previous rental support scheme. Successful applicants can receive a rant of up to €300,000 spread over 6 years in the form of cash grants and tax credits. This scheme is open until October 2030.
Who is eligible?
Businesses employing less than 250 persons on a full-time basis operating in any of the following sectors:
- Manufacturing activities;
- Artisanal activities;
- Industrial Packaging activities;
- Maintenance and Repairs of Motor Vehicles;
- Maintenance and repair of floating structures, ships and boats and related electromechanical equipment
- Repair of Machinery & Electrical Equipment.
- Industrial Laundry Services
- Upholstering and restoration of furniture
It is available for applicants that meets one these conditions:
- The business is a start-up in the first 3 years of operation.
- The business requires additional space to diversify or expand its operations
- The business requires new premises due to lease termination and forced eviction. In such cases the support is limited to the difference in rental costs.
- The business is purchasing industrial space to continue a qualifying activity that is currently carried out from an equivalent rented industrial space.
The premises must have the correct classifications, CATEGORY E – INDUSTRIAL USES or CATEGORY F – STORAGE and DISTRIBUTION (CLASS 6A) and have the necessary permits. The space must be used solely for the above-mentioned activities. Spaces utilised for client-facing purposes or are located in residential area are not eligible.
This scheme is subject to De Minimis Regulations, which limit the total amount of public aid a business can receive.
How it works – Rental
- Applications must be submitted within one year of the rental agreement’s start date.
- Only new rental agreements with a minimum duration of three years are eligible.
- Support covers 50% of eligible rental costs, up to a maximum of €300,000.
- Aid is disbursed over 6 years:
- Years 1–3: Cash grants
- Years 4–6: Tax credits
How it works – Acquisition of property
- Applications must be submitted before the purchase agreement is finalised.
- Support covers 50% of eligible purchase costs, up to a maximum of €300,000.
- Aid is disbursed over 6 years:
- Years 1–3: Cash grants
- Years 4–6: Tax credits
What if I am benefitting from the previous scheme?
If you are currently benefitting from the previous rental support scheme there are two possibilities for you to benefit from the new scheme.
- Extension of Rental Support
- If your current rental agreement covers 6 years or can be extended to do so you can apply to benefit from this scheme for the remaining three years.
- This support must commence immediately after the current support ends and will extend current support by a further 3 years in the form of tax credits.
- Purchase of rented property.
- If you are in a position to purchase the premises you currently rent your application shall be considered.
- However, the total aid received from both schemes must not exceed €300,000.
How can we help?
We can assess your eligibility and assist you throughout the application process. If this scheme aligns with your business needs, please contact us to get started.
