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Incentives for the hospitality sector
04 November 2012
GRTU held a meeting for its members
in the hospitality sector on Malta Enterprise incentives for the hospitality
industry (hotels, restaurants, snack bars, guest houses..). The schemes
presented were the following:
Business First
Business First implementing to set up
a one stop shop for businesses. This will set up a Point of Single Contact
(PSC) for businesses with will include:
- Friendly,
supportive and professional business advisory services
- Personalised
attention and possibility of face-to-face meetings
- Guidance
on schemes and incentives to boost business' performance and facilitate growth
- Provision
of support, services and schemes offered by Malta Enterprise
- 19
Service Level Agreements signed with Government departments and entities
- 54
services offered by other departments and entities to be offered through
Business First
- More
services to be added on demand
Microinvest
Supports micro enterprises and
self-employed (employing up to 9 persons) to invest in their business to
innovate, expand, implement compliance directives. Assistance available is
capped at €25,000 or 40% of eligible expenses for enterprises in Malta.
Enterprises in Gozo is capped at 60% of eligible expenses, up to a maximum of
€25,000.
Eligible expenses under this scheme
include:
- Refurbishing
and upgrading of business premises
- Machinery,
equipment and technology to improve operations
- Machinery
or technology which saves or generates energy
- Investment
required to become compliant with regulations
- One
motor vehicle used for the carriage of goods
- Wage
costs covering 12-month for new jobs created
This scheme has extended to include
investments made in 2012
Quality +
Encourages SMEs to improve the
quality of their products, services and processes by achieving quality
certifications and quality marks, environmental certifications, franchise
licences and licences required for participation in a value chain. It is
granted on approved projects on a maximum of €20,000 in eligible costs and
deduction from taxable income equivalent to 150% of eligible costs.
The following are example of
certification marks:
ISO 9001:2008, ISO17025:2005,
ISO17020, ISO 14001 (Environment)
EMAS & Ecolabel
ISO 22000 (Food Safety & Hygiene)
Hazard Analysis Critical and Control
Point (HACCP)
MSA EN 14804:2005 (Language Study
Tour Providers)
Halal certification &
MS1500:2004
CE Mark & BSI Kitemark
Interest Rate Subsidies for
Hospitality Sector
Supports hotels; guesthouses;
hostels; farmhouses; snack bars and restaurants in upgrading their operations
and product offering so as to provide new and improved services. Assistance
granted in the form of an interest subsidy ranging between 1% and 3% on a loan
taken up to fund tangible assets used in furbishing and upgrading of premises
including extensions, modifications and extensions to premises; the acquisition
of plant, machinery, apparatus and instruments;
- hotel,
guest house or hostel; may qualify for an interest rate subsidy on a loan of a
maximum value of €7,000,000
- farmhouse,
snack bar or restaurant may qualify for an interest rate subsidy on a loan of a
maximum value of € 500,000.
Once approved project costs must be incurred
and paid for between the date the project is approved and 31st December 2014.
For further information kindly
contact Abigail Mamo at GRTU.
