CFAs: Business Reports for SMEs Grant Scheme in Malta

The scheme supports SMEs facing limited internal resources by part‑financing business reports such as Business Plans or Process and Systems Reviews procured from registered external consultancy service providers, and falls under the SFC2021 Programme 2021–2027 Policy Objective 1 ‘A more competitive and smarter Europe by promoting innovative and smart economic transformation and regional ICT connectivity’, specifically addressing entrepreneurship by facilitating the economic exploitation of new ideas and new firm creation, and the Specific Objective RSO1.3 to enhance sustainable growth and competitiveness of SMEs and job creation through productive investments, with projects to be implemented through to 31st December 2026, subject to funds being available.

The Business Reports for SMEs Grant Scheme aims to help small and medium‑sized enterprises strengthen their strategic planning and decision‑making by providing financial support for professionally prepared reports. These reports are intended to make businesses more efficient or more competitive as part of investment planning and growth strategies.

Under the scheme, grants are provided as a lump sum of €4,000 to cover part of the eligible costs for external consultancy services contracted to produce either a Business Plan or a Process and Systems Review tailored to the enterprise’s needs.

The initial allocated budget for the scheme from 1st January 2024 is €1,350,000, contributing to a total initial budget of €1,500,000 under the Business Reports for SMEs initiative, and projects funded through this scheme will remain operational until 31st December 2026, subject to availability of funds.

Eligible enterprises include micro, small and medium‑sized enterprises engaged in economic activity irrespective of legal form, and undertakings without legal personality must be registered under the Second Schedule of the Civil Code to qualify.

For more information, visit FONDI.eu.